It all depends on how you are renting the part of your residence. If they are renting a room, technically they are a roomate and you are fine, but if you are renting, say a basement that does not have legal outside access, you are in trouble if there is say a fire of flood and they can not get out. It is a liability nightmare in that case. Good luck.... more
First, no one here has reviewed your contract so any responses would be nothing more than speculation. Has the seller breached the contract prior to now? Are you past all contingency periods? Do you have other contractually allowed termination avenues?
Too many unanswered questions so your best bet is to seek the advice of counsel prior to making a decision to intentionally breach the contract.... more
I don't know what home you are referring to, but you may be right. If so, make an offer that is appropriate and see what happens. List price is just a starting place, some are high others are low and generate multiple offers and some are about right.... more
I don't normally deal with mobiles, so maybe someone can better answer you. But be aware that its age may make it very hard to finance. They seem to care more about the year of manufacture than the condition.... more
There are several sites you can use for rentals posting. Some are free, some have a small fee. Just keep in mind that very often, "Free" can be "Expensive". If you have no way to check out your prospective tenants credit, employment, history, etc. you might end up in a bad situation. Some sites are more risky than others for scams and frauds. Here are sites URL: www.postlets.com, www.oodle.com, www.zillow.com, www.craiglist.com. If you want to retain control of the management of your rental, you could find an Agent who will list the property for you in the MLS (for a flat fee), you'll have to offer a certain amount (at least 10% of one month rent, to the Agent procuring the tenant (it'll be paid once the tenant moves in) a larger amount would be better and would entice agents to show the property (example on a monthly rental of $1000, offer at least $250). The prospective tenant will pay for their own credit check to the Listing Agent when they give an application for your property. If you want to write the lease yourself, then the Listing Agent can turn everything over to you after checking out the prospective tenant qualifications. Good Luck.... more
When you have time, shoot me an email with the specifics (addresses, rent amounts, property condition, amounts owed, etc.) and I'll see if I'm interested in them for personal investment purchase. If not, I can at least give you some direction on the process ins and outs.
Guy E. Gimenez ABR, CRS, GRI
Broker / Owner / Investor
The PowerHouse Group
CMG Group, LLC