Posts Tagged ‘ landlord insurance ’

Landlords – Don’t be that GUY!

http://www.wfaa.com/news/local/dallas-county/junk-landlord-investigated-by-news-8-evicting-hundreds-of-tenants/329044843
Accurate Credit Bureau

Accurate Credit Bureau Landlord Feedback

“You guys are very efficient. Thanks for the speedy response yesterday.
I have a new applicant to run a credit check on. Attached please find all
the necessary information.
Please advise if anything else is needed.
Thanks”
Rudolph J.

Accurate Credit Bureau Feedback

Jeff, many thanks for processing this for me in record time.  It was most helpful, AND the apartment was rented!
Marrgo
For tenant screening and landlord services see Accurate Credit Bureau.
Important Decisions Demand Accurate Information!

Landlord Laws Laws Laws

Seattle landlord wonders why he can’t choose the ‘nice and clean’ renters

Come on Dez! Accurate Credit Bureau

Dez Bryant Being Sued By Former Landlord

Landlords Check Your Prosepective Tenants

Tenant Check

2 EASY STEPS TO ORDERING CREDIT AND BACKGROUND REPORTS ON PROSPECTIVE TENANTS

Step 1: Become a member – Click Here

 Step 2: Order reports: Order form, Signed Applications, and Picture ID – Click Here

 Tenant Credit Check $19.95: Decision credit report, or with an on-site inspection full consumer credit check.

 Landlord Preferred $29.95: Social Security Verification, Eviction Report, Previous Name and Address Verification, Birth Date, Employment History and Verification*, Public Records and Civil Judgments, Liens, Bankruptcy, Foreclosures, Consumer trades, Previous Rental History, Previous and Current Credit Information, Previous Inquiries, FICO/Beacon Score dependent on On-Site Inspection

 Landlord Comprehensive $39.95: Criminal Record Search, Sex Offender Search, Social Security Verification, Eviction Report, Previous Name and Address Verification, Birth Date, Employment History and Verification*, Public Records and Civil Judgments, Liens, Bankruptcy, Foreclosures, Consumer trades, Previous Rental History, Previous and Current Credit Information, Previous Inquiries, FICO/Beacon Score dependent on On-Site Inspection

 Landlord Complete $60.00: Criminal Record Search, Sex Offender Search, Police Record Search, Separate Bankruptcy Search, Second Criminal Record Database search, Social Security Verification, Eviction Report, Previous Name and Address Verification, Birth Date, Employment History and Verification*, Public Records and Civil Judgments, Liens, Bankruptcy, Foreclosures, Consumer trades,Previous Rental History, Previous and Current Credit Information, Previous Inquiries, FICO/Beacon Score dependent on On-Site Inspection

 Comprehensive Background Bureau $22.50: Criminal Record Search, Sex Offender Search, Social Security Verification, Eviction Report, Previous Name and Address Verification, Birth Date, Public Records, Bankruptcy

Landlord – Accurate Credit Bureau

noun
1. a person or organization that owns and leases apartments to others.
2. a person who owns and leases land, buildings, etc.
3. a person who owns or runs an inn, lodging house, etc.
4. a landowner.
Landlord assistance

Landlord Tenant Check

2 EASY STEPS TO ORDERING CREDIT AND BACKGROUND REPORTS ON PROSPECTIVE TENANTS
Step 1: Become a member – Click Here
Step 2: Order reports: Order form, Signed Applications, and Picture ID – order form and rental applications

 Tenant Credit Check $19.95: Decision credit report, or with an on-site inspection full consumer credit check.

 Landlord Preferred $29.95: Social Security Verification, Eviction Report, Previous Name and Address Verification, Birth Date, Employment History and Verification*, Public Records and Civil Judgments, Liens, Bankruptcy, Foreclosures, Consumer trades, Previous Rental History, Previous and Current Credit Information, Previous Inquiries, FICO/Beacon Score dependent on On-Site Inspection

 Landlord Comprehensive $39.95: Criminal Record Search, Sex Offender Search, Social Security Verification, Eviction Report, Previous Name and Address Verification, Birth Date, Employment History and Verification*, Public Records and Civil Judgments, Liens, Bankruptcy, Foreclosures, Consumer trades, Previous Rental History, Previous and Current Credit Information, Previous Inquiries, FICO/Beacon Score dependent on On-Site Inspection

 Landlord Complete $60.00: Criminal Record Search, Sex Offender Search, Police Record Search, Separate Bankruptcy Search, Second Criminal Record Database search, Social Security Verification, Eviction Report, Previous Name and Address Verification, Birth Date, Employment History and Verification*, Public Records and Civil Judgments, Liens, Bankruptcy, Foreclosures, Consumer trades,Previous Rental History, Previous and Current Credit Information, Previous Inquiries, FICO/Beacon Score dependent on On-Site Inspection

 Comprehensive Background Bureau $22.50: Criminal Record Search, Sex Offender Search, Social Security Verification, Eviction Report, Previous Name and Address Verification, Birth Date, Public Records, Bankruptcy

Accurate Credit Bureau Landlord Tenant Law

The modern concept of landlord-tenant law includes duties beyond simple conveyancing of the lease:

According to the Tenant Act in America, the landlord has a duty to deliver possession to the tenant at the beginning of a lease. The justification for placing this burden on the landlord is the idea that the landlord has more resources than the new tenants to pursue legal remedies against wrongful holdovers (former tenants that will not give up possession of the lease).

By virtue of the contractual aspects of a lease, modern leases in America include an implied covenant of quiet enjoyment. This means that the landlord will not interfere with the tenant’s possessory rights to the lease. Though a landlord may forcibly enter without required notice during an emergency, generally a mere necessity for quick action does not constitute an emergency within the doctrine of imminent peril, where the situation calling for the action is one which should reasonably have been anticipated and which the person whose action is called for should have been prepared to meet; the doctrine of imminent peril does not excuse one who has brought about the peril by her own negligence.

Of course the Landlord must provide shelter free of serious defects which might harm heath or safety.
For more information on Landlord Tenant Law and Tenant Screening see Accurate Credit Bureau.

Accurate Credit Bureau Landlord Tax Tips

Every year, millions of landlords pay more taxes on their rental income than they have to. Why? Because they fail to take advantage of all the tax deductions available for owners of rental property. Rental real estate provides more tax benefits than almost any other investment.

Often, these benefits make the difference between losing money and earning a profit on a rental property. Here are the top ten tax deductions for owners of small residential rental property.

1. INTEREST
Interest is often a landlord’s single biggest deductible expense. Common examples of interest that landlords can deduct include mortgage interest payments on loans used to acquire or improve rental property and interest on credit cards for goods or services used in a rental activity.

2. DEPRECIATION
The actual cost of a house, apartment building, or other rental property is not fully deductible in the year in which you pay for it. Instead, landlords get back the cost of real estate through depreciation. This involves deducting a portion of the cost of the property over several years.

3. REPAIRS
The cost of repairs to rental property (provided the repairs are ordinary, necessary, and reasonable in amount) are fully deductible in the year in which they are incurred. Good examples of deductible repairs include repainting, fixing gutters or floors, fixing leaks, plastering, and replacing broken windows.

4. LOCAL TRAVEL
Landlords are entitled to a tax deduction whenever they drive anywhere for their rental activity. For example, when you drive to your rental building to deal with a tenant complaint or go to the hardware store to purchase a part for a repair, you can deduct your travel expenses.

If you drive a car, SUV, van, pickup, or panel truck for your rental activity (as most landlords do), you have two options for deducting your vehicle expenses. You can:
a) deduct your actual expenses (gasoline, upkeep, repairs), or
b) use the standard mileage rate. To qualify for the standard mileage rate, you must use the standard mileage method the first year you use a car for your business activity. Moreover, you can’t use the standard mileage rate if you have claimed accelerated depreciation deductions in prior years, or have taken a Section 179 deduction for the vehicle.
5. LONG DISTANCE TRAVEL
If you travel overnight for your rental activity, you can deduct your airfare, hotel bills, meals, and other expenses. If you plan your trip carefully, you can even mix landlord business with pleasure and still take a deduction.

However, IRS auditors closely scrutinize deductions for overnight travel — and many taxpayers get caught claiming these deductions without proper records to back them up. To stay within the law (and avoid unwanted attention from the IRS), you need to properly document your long distance travel expenses.

6. HOME OFFICE
Provided they meet certain minimal requirements, landlords may deduct their home office expenses from their taxable income. This deduction applies not only to space devoted to office work, but also to a workshop or any other home workspace you use for your rental business. This is true whether you own your home or apartment or are a renter.

7. EMPLOYEES AND INDEPENDENT CONTRACTORS
Whenever you hire anyone to perform services for your rental activity, you can deduct their wages as a rental business expense. This is so whether the worker is an employee (for example, a resident manager) or an independent contractor (for example, a repair person).

8. CASUALTY AND THEFT LOSSES
If your rental property is damaged or destroyed from a sudden event like a fire or flood, you may be able to obtain a tax deduction for all or part of your loss. These types of losses are called casualty losses. You usually won’t be able to deduct the entire cost of property damaged or destroyed by a casualty. How much you may deduct depends on how much of your property was destroyed and whether the loss was covered by insurance.

9. INSURANCE
You can deduct the premiums you pay for almost any insurance for your rental activity. This includes fire, theft, and flood insurance for rental property, as well as landlord liability insurance. And if you have employees, you can deduct the cost of their health and workers’ compensation insurance.

10. LEGAL AND PROFESSIONAL SERVICES
Finally, you can deduct fees that you pay to attorneys, accountants, property management companies, real estate investment advisors, tenant screening companies and other professionals. You can deduct these fees as operating expenses as long as the fees are paid for work related to your rental activity.

If you didn’t know one or more of these facts, you could be paying far more tax than you need to.