Thousands of homes are sitting vacant while the owners are in foreclosure or for other reasons have abandoned them...leaving them there for vandals--i recommend if your home is unattended that you call your attorney now to determine your legal rights to lease the -property out and retain the funds--As a Realtor we certainly cannot give you any legal advice--the facts are that the rental market is alive and well.
The attorney will advise you as to your legal requirements as it relates to your relationship with Your Tenant and how to meet all of your contractual requirements to protect the rights of the tenant as well as yourself.
Get advice about retaining the services of a Realtor/Property Management Company.
The whole idea is to place good tenants in your property to protect the property as well as to obtain and retain the cash flow. THE BIGGEST MISTAKE THE MORTGAGE COMPANIES ARE MAKING IS CREATING A DEFAULT SITUATION AND NOT ACCEPTING PAYMENTS AFTER THE OWNERS BECOME AS LITTLE AS 1 MONTH MISSED PAYMENT.
Friends protect yourself---because no matter how hard you try you still may end up with a deficiency and the cash flow derived from the rents may help off set that amount for you!!
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