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If a property management company doesn't have a renter for a property who is responsible for the mortgage payment The property management company or the landlord?
Wiki User
∙ 13y ago
That is correct. The landlord is responsible for the mortgage payment as the investment property is ultimately his (name on the deed).
And I also agree with the advice given below. A competent and successful property manager will get vacancies filled. In a slow market, it's natural for a home to sit vacant for a few weeks, but the property manager should be doing everything in his/her power to get that home rented - including aggressive marketing.
the landlord of course, but the landlord may need to start looking for a more reliable property management company.
Wiki User
∙ 13y ago
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What are some benefits of an investment property mortgage?
There are lots of places online where someone can find information. Especially if they are looking to find some of the benefits of an investment property mortgage. Carrying a mortgage on any Real Estate is dangerous. As a business venture (ie. investment property) it is extremely dangerous. For instance, as a landlord, every month that the house is empty, you are still responsible for making the mortgage payment to the bank. If there is no one signed to a lease, and as the landlord, you are out of work, the bank will come and take your investment away. Sell it, and sue you for the difference.
Do you have to pay your deceased brother's mortgage?
No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.
What is the meaning of a buy let mortgage?
A buy to let mortgage is one in which the sole purpose of the purchase of the property is to immediately let/rent it out. On the one hand the transaction provides the landlord/mortgage holder with income while retaining an equity increases in the property. The down side is where the landlord cannot find a paying tenant and could default as a result.
Are you responsible for the mortgage on the property that was left to you as an inheritance?
You are only responsible for the mortgage if you are willing to accept the debt. If you are not willing to accept the debt you simply allow the property to be entered into probate and foreclosed on by the lender. You are not responsible for any monies owed regarding said property even if it was "willed" to you unless you choose to do so.
In Florida if your parents are refinancing would your spouse need to sign the mortgage?
Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.
What is another word for property management?
landlord
Whether landlord is the job title?
A landlord is a person, not a job. You are a landlord when you rent out your property. The job is property management and thus the job title is "property manager".
Who is responsible for my deceased 51-year old son's mortgage on his home?
The estate is responsible for the mortgage. However, if the mortgage isn't paid the bank will take possession of the property by foreclosure.The estate is responsible for the mortgage. However, if the mortgage isn't paid the bank will take possession of the property by foreclosure.The estate is responsible for the mortgage. However, if the mortgage isn't paid the bank will take possession of the property by foreclosure.The estate is responsible for the mortgage. However, if the mortgage isn't paid the bank will take possession of the property by foreclosure.
Who is responsible for installing air conditioning the landlord or the tenant?
The landlord, because he/she owns the property.
Does a renter have to pay rent if a landlord isn't paying the mortgage?
The property is in CA.
What are some benefits of an investment property mortgage?
There are lots of places online where someone can find information. Especially if they are looking to find some of the benefits of an investment property mortgage. Carrying a mortgage on any Real Estate is dangerous. As a business venture (ie. investment property) it is extremely dangerous. For instance, as a landlord, every month that the house is empty, you are still responsible for making the mortgage payment to the bank. If there is no one signed to a lease, and as the landlord, you are out of work, the bank will come and take your investment away. Sell it, and sue you for the difference.
Does the Deed holder on a home have full ownership even if their name is not on the mortgage?
The grantee in the deed is the owner of the property. A person who does not own the property can agree to sign the mortgage and be responsible for paying for the property. That does not give them an ownership interest.The grantee in the deed is the owner of the property. A person who does not own the property can agree to sign the mortgage and be responsible for paying for the property. That does not give them an ownership interest.The grantee in the deed is the owner of the property. A person who does not own the property can agree to sign the mortgage and be responsible for paying for the property. That does not give them an ownership interest.The grantee in the deed is the owner of the property. A person who does not own the property can agree to sign the mortgage and be responsible for paying for the property. That does not give them an ownership interest.
Is the landlord responsible for damaged to my personal property if the damage was caused an fire?
The landlord is generally only responsible for the building, not the belongings inside. That's what renter's insurance is for.
Do you have to pay your deceased brother's mortgage?
No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.
If you fall on your property where you live is your landlord responsible?
If you fall on the property where you live, the question of whether or not you have a case against your landlord depends on a number of factors. If you think it is due to negligence on the part of your landlord, see a lawyer.
Am I responsible for my father's mortgage if he is no longer on the deed?
If you father granted a mortgage prior to transferring the property to you then the mortgage must be paid. If you don't pay it then lender will take possession of the property.
What happens to the mortgage loan when bought on a tax deed sale who is responsible or will the bank put a lien on the property?
A mortgage IS a lien on the property. The bank already has an interest in the property that was perfected as soon as the mortgage was recorded in the land records. If you purchase property that is subject to a mortgage, the mortgage must be paid or the bank will take possession of the property by foreclosure.
