It is very difficult to manage when you are not local, don't know the laws, have the infrastructure, and can't react quickly when necessary.

Short-term rentals would be a solution, but due to strict short-term rental laws in rent-controlled areas of Los Angeles, options like Airbnb are typically not feasible.At present, I have a $5 million property in Encino with two units that we cannot rent out short-term due to rent control regulations, and the numbers don’t work for a long-term rental either.

Because I'm in California and evictions are a nightmare and all laws are anti-landlord, no way do I rent to this person.

Check if there are any restrictions on short-term rentals, in case you plan to list on platforms like Airbnb.Landlord-Tenant Laws: Familiarize yourself with landlord-tenant laws in your state regarding leases, tenant rights, and eviction processes.

Each state has different laws that need to be researched especially if you are planning to wholesale there.

I have my eye on a cute little two bedroom to rehab for my mother in law.

I'm reviewing my rental property insurance after having gone through issues with the first ever claim on my current policy, which we're finding out has poor claims service and lacks ordinance or law coverage.

I’d recommend consulting with attorneys experienced in both Illinois and Wyoming laws to ensure everything is set up correctly.

Written by attorney investors, it's full of practical advice pertaining to management of investment property, has sample forms that can be edited, and - most importantly - they tell you what your primary state laws are and where you can read them.

I've been thinking about this one a lot as a realtor having to have these convos with my clients, and wanted to break it down with some simple numbers.You may have heard about the new law changes in the real estate industry about commissions and compensation.Some home sellers might be asking, “why would I want to pay a buyer’s agent??”