Newbie - Licenses - fines

2 Replies

I have already learned a lot just by reading some of the interesting comments.

But here's the thing...I have had a duplex for say about 14 years. For the first 9 yrs I lived in the bottom half with a tenant up stairs (rented it twice). And was told that since I lived in the apartment I didn't need a license. MY mom needed care. I moved back with mom and after her passing I inherited her house (no mortgage) I stayed. That was in 2011. Then I rented the bottom half after 3 years of vacancy. In 2013 I got married and am soon to be moving into another house. I'm just learning about the licenses that I have to have (and should have had). Im frighten about the fines I'll get for not having these licenses. I want to now rent the (no mortgage home) since i'll be leaving it soon.

Also the elephant in the room your comments on section 8...remember I'm still a newbie. 

Originally posted by @Vera J. :

I have already learned a lot just by reading some of the interesting comments.

But here's the thing...I have had a duplex for say about 14 years. For the first 9 yrs I lived in the bottom half with a tenant up stairs (rented it twice). And was told that since I lived in the apartment I didn't need a license. MY mom needed care. I moved back with mom and after her passing I inherited her house (no mortgage) I stayed. That was in 2011. Then I rented the bottom half after 3 years of vacancy. In 2013 I got married and am soon to be moving into another house. I'm just learning about the licenses that I have to have (and should have had). Im frighten about the fines I'll get for not having these licenses. I want to now rent the (no mortgage home) since i'll be leaving it soon.

Also the elephant in the room your comments on section 8...remember I'm still a newbie. 

That was a weird comment that Brandon just left to your post. It must have been automated, because it doesn't relate to your subject. I do not invest in your area, so I am not sure what licenses are required or what fines could occur. I would speak with a real estate lawyer about the matter to find out the best way to get the licenses and avoid any fines. I think it is smart to get the legally required licenses now that you are aware you need them. 

As far as section 8, there are lots of opinions. I think so much depends on the location and type of property. Section 8 can be great in some situations. The advantage is you get guaranteed rent check every month. The opposing view is that since the tenants are not paying their own money, they are less likely to take good care of the property. 

Good luck!

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