All Forum Posts by: Gregory Herbert

I want to be a landlord, not a huge landlord because I don't like problems but maybe have 2 or 3 tenants

But this all seems so scary because there are so many laws. For example,

if in the rental application you don't put xyz it's illegal and you can get sued

if in the rental application you mention xyz it's illegal and you can get sued

if you put clause xyz in the lease, it's illegal and you can get sued

if you don't put xyz clause in the lease, it's illegal and you can get sued

if you sign the lease wrong, the whole lease is void and you don't have a lease

if you don't provide xyz to the tenant, you can get sued

not to mention how unfriendly my state is with respect to landlords, if a tenant is not paying rent, good luck evicting them. plenty of properties in my market for dirt cheap because it has deadbeat tenants and nobody wants to deal with them.

yes in an ideal world I have 20 lawyers and accountants on speed dial who I can call any time, but lawyers and accountants are expensive and I have done the math, at best if you are really lucky you can barely cover your mortgage, I don't have money for a lawyer. Especially now that there is a war on landlords. 

when looking at real estate websites, oftentimes I see "offers due by" some date

for example "offers due by may 12"

what does this deadline mean? I didn't realize I am back in high school?

so what happens if property doesn't get any offers by that date?

what happens if I submit my offer after the due date?