All Forum Posts by: Account Closed

So we decided to go with a 5 year RTO. Got ahold of the attorney and he is going to draw up the contract. Thank you to all for your input! Very helpful info.👍🏼

Ooh boy have I got a lot to consider. This is why I came to the forums. I knew some would have experience and professional opinions. Thank you..

we were thinking a 10 year lease with RTO, downpayment, interest, etc. are there any forms that somebody can link so that i can take notes, if i have to draw up the lease myself? thank you.

Thank you, Mary. The realtor who had sold us this house talked over the basics of the RTO with me. She doesnt do RTO or even deal with them, she just gave me the fundamentals of it. Ill get in touch with the lawyer and ask him how to go about drawing up that agreement. Im excited though because when we went to do an inspection of the house, the tenants were very happy and kept it clean, which i enjoy as a landlord!

Our current tenants love the property and they announced that they would like to fulfill a RTO agreement for this property. Do I draw up the RTO agreement on my own or do I need to go through a realtor for the RTO agreement? I already have an attorney lined up for this process. Should I consult said attorney beforehand to discuss this agreement? I dont want to have to go through a realtor but i can if I have to.

-Tiffany Goglin

We lived in the house for almost 2 complete years. It was around 1.8-ish years.

Thank you! I appreciate all of the advice.

We never intended it to be used as an investment property but life changes and we moved so we figured we’d rent it out to see how it went. My in laws use their house as a triplex and they’ve only ever notified their insurance agents of the change.

The car analogy is great!

The insurance for a “dwelling”  is what worried me most bc I informed my insurance agent and she suggested changing it to dwelling but not before notifying the mortgage company. I’ll make that call tomorrow.

As far as I’m aware, PA does not have a homestead exemption. ill have to do more research on that.


our tenants pay rent on the 1st every month, no problems there paying the mortgage with that.

thank you for helping me! I truly appreciate it

Hey! So we are new to being landlords. We have people renting our home but I’m not sure how to go about telling our Mortgage company that we have people renting. How do I switch it from a personal to a rental? Am I going to be in trouble for not notifying them first? This is our first rental ever.