The Difference Between Pro-Landlord States And Pro-Tenant States

1. The Difference Between Pro-Landlord States And Pro-Tenant States

2. There is a substantial difference between US states when it comes to investing in real estate. Do you know what they are, and how they can impact you as a mobile home park investor?

3. How Much Can Location Matter?

4. Most real estate investors are already well aware of the fact that location can play a notable role in the price of property assets, rents, vacancies, and appreciation. Yet, experienced property investors know that location can play a far more significant role in their finances and lives.

5. Different states, and even more minor jurisdictions can make a huge difference in the level of risk and liability involved in investing. And this can go well beyond the financial. Some states offer ease of doing business which increases efficiency and net profitability. Where you invest can substantially impact both short and long term net profitability, including the strength or lack of a resale market. All of these things should be taken into account when choosing where to invest.

6. So how do states differ?

7. Landlord – Tenant Law Landlord-tenant laws vary widely from state to state. Laws differ on the amount of upfront money and deposits that can be taken from tenants, the penalties for landlords failing to meet regulations, how easily tenants can sue their landlords, and the protections for landlords.

8. In the Courtroom The above can certainly carry over to the courtroom. Investors report that some jurisdictions consistently either side in favor of tenants or landlords. This is critical to know. You don’t want to burn your time and money going into court if you have little chance of winning.

9. Evictions The same applies to evictions. IN some states and cities it can take just days and almost no expense to get non-performing tenants and occupants that don’t have a lease out of your property. In other places it can regularly take months and hundreds of dollars, if not more. We’re talking about months of income that can be burned, or deposited in your bank account.

10. Business Friendly States Business friendly states can have low energy costs, good talent pools, business friendly laws, and low business costs. A few even offer far superior privacy for business owners. Taxes Taxes differ widely from state to state. This includes property taxes, corporate taxes, inheritance taxes, and personal income taxes.

11. Financing All of the above rolls over in the real estate financing. Clearly mortgage and business lenders are affected by the above items too. They certainly take them into account when choosing where to lend, and the costs they levy to offset the increased or decreased risk. This not only matters to those investing now, but for their ability to resell their assets later, and for how much.

12. This is not that complicated once investors choose their top preferred states and separate them from the rest. Just pay attention as these factors can change over time too.

13. mobilehomeinvestors.com For more information and inquiries, check out above link!