Owning and maintaining a rental property in Providence can be quite a lucrative investment, yet you should be aware that assuming the role of landlord requires also agreeing to respect certain responsibilities. Chief among these is the responsibility to respect the rights of your tenants. You might assume that those rights are limited to those that would not normally involve property ownership, such as granting access to a rental location. As the owner, you probably think that you are entitled to enter your rental properties at any time. Yet that is not the case.
Becoming a landlord in Rhode Island can be a great way to obtain a steady revenue stream that can help you support yourself or your family, but the landlord role is not always an easy one. Often, new landlords, or inexperienced landlords, make similar errors that wind up costing them considerable money, and recognizing what these common errors are can help you learn how to avoid them. At the Law Offices of James T. Marasco, we are well-versed in the challenges affecting the state’s landlords, and we have helped many people in your shoes pursue solutions that meet their needs.
When buying a home in Rhode Island, it’s important to do your research to ensure you're getting what you expect. Even if a property looks great, there could be lurking repair issues or lawsuits connected to the home. Forbes explains the following home buying red flags and how you can determine a property’s true value.
For homeowners in Rhode Island, foreclosure can be a scary prospect. That’s why many scam artists prey on people facing foreclosure by offering methods of preventing it. To ensure you can recognize common scams and take the proper steps to avoid them, the Federal Trade Commission offers the following information.
Home buyers in Rhode Island have a lot to contend with. Along with applying for a loan and bringing together all pertinent documents, buyers must also think about having a home inspection performed. This is an integral step in the real estate process, as an inspection reveals information about a property that would be hard to discover on sight alone. Realtor.com offers the following information on home inspections and why they’re so important.
If you’re buying a new home in Rhode Island, chances are you’re extremely excited about what the future holds. It’s important to enter into the process with the right information however, to prevent you from running into trouble with your home or mortgage down the line. Accordingly, TheBalance.com offers the following advice to home buyers looking, especially those buying a home for the first time.