I am renting an appartment, what to ask

[annie128]

I am from NJ and want to know what questions and what kind of info I can ask about potential renters. Is there somewhere I can find out my right as a landlord. Can I ask how much they make and get credit referances?? Thanks for any advise.

also, Would the total of rent recieved be considered income on my part, the whole amount?

Ann

 

[monymoney]

If you are an owner occupied home you have much more leeway in who lives in your place, then if it was just a rental unit.

Such as you can "discriminate" against kids if you rent the 2nd floor and its all hardwood floors, and you live downstairs. But not if you have a rental tenat downstairs...ohh i can see the problems now!!!

 

[Cvillecpm]

Disregard MoneyMoney....there are several loopholes with renting; however, most states have closed the "no kids" loophold.

You need the NOLO PRESS book for landlords and you need to be asking loads of questions on the Q&A section of www.mrlandlord.com

With your state, other landlords will respond to your specific questions and give you valuable "how to" information.

 

[annie128]

Thank you both so much for the help, went to mr landlord (great site) and looks like I got a lot to look into by the weekend.

Best to all
Ann