As more and more of the nation turn away from homeownership, the number of people renting has increased greatly. Many of those now living in rental homes were once homeowners. Some are no longer able to own their own home due to foreclosures and bad credit reports, while others are unable to purchase a home due to more restrictive credit standards.
Make no mistake; there are benefits to renting a place to live. To begin with, as a renter, you often do not have to worry about maintenance and repair costs. If something breaks, the landlord or superintendent is usually the one to repair and replace it. Along with this, there are those rental options where some utilities are included. Credit requirements are also less strict for those who rent as opposed to those who purchase a home.
With renting on the rise, finding the right place to rent, and to live, can at times be a lengthy process. Perhaps the most important part of this process is finding the right landlord. It is important to recognize the signs of what a bad landlord might look like. Continue reading