Written lease or month-to-month agreement which is better?
Real Estate Tip:
Always ask to see any existing leases for any rental property you are considering for purchase. If you buy the property, you will be subject to the terms of those leases. Make sure the leases match the seller’s representations.
Real Estate Insights:
Real estate: Look for value in 2014 [View Article]: Look for value in 2014? You should ALWAYS look for value in real estate or any other investment you make! As billionaire investor, Warren Buffet once said, “Price is what you pay and value is what you get; if you're a smart investor, the first will always be less than the second.” You should never change your basic investing criteria based on what 'the crowd' is saying. You make your money in real estate when you buy—when you buy at a discount, your profit is baked in from the start. If there is less housing inventory and more competition out there, then you may have to make more purchase offers and wait a little longer to get a good deal. It’s worth the wait…