Renting your rooms out or having roommates are two great ways to live rent free. The simple act of putting up with others in your space is a form of sweat equity -- one that we took part of during our first years of marriage. It was one of the things that allowed me, not only to graduate grad school debt free, but also allowed us to have a significant savings account when we bought our first house. As we have discussed in the past, renting out … [Read more...]
Tenants and Utility Bills: Are you Breaking the Law?
Tenant move-in utilities are still in your name, so you just turn the utilities off, right? NOOOO!!! You have just broken the law. Legally, you are not allowed to turn off the utilities on your tenants. You can be fined and even sent to jail, even if it does say in the lease that the utility bills are the responsibility of the tenant. So as a Landlord, what are your options? Here's what you can do! How to Handle Your Tenants and Their … [Read more...]