What do you do when your tenant seems to have up and vanished without any kind of warning?
Real estate is a big investment. In fact, for many people, purchasing a house is the biggest financial transaction they're ever going to make. Therefore, it pays to be cautious. That's where a mortgage contingency clause can come in handy.
As a landlord, there will be certain things that you will want to ensure are within your control. These things will likely include knowledge of who is living in your property, and whether anyone is illegally gaining income from your property.
Hoarding, or collecting piles and piles of unused (and often useless) items, is an aspect of a serious type of obsessive-compulsive disorder. While the last thing you want to get into is a lawsuit over disability discrimination against a tenant, the reality is that a hoarder can put your entire property at risk.
Real estate sales in Manhattan have been in a serious slump -- for quite a while. Sales fell for the sixth quarter in a row, making that the worst record in the area's history for the last 30 years.