Real Estate Laws and How They Pertain to LGBD Marriages
Laws concerning property ownership always have to be figured into the mix when a married couple purchases the property jointly. In cases of couples just living together who aren’t legally married, however, the issue can be a bit stickier. This is true of heterosexual couples as well as LGBD couples, but the laws tend to be more blurred in the case of the LGBDs. After all, not every state recognizes gay marriages or divorces, and in every state the laws are different. While some states, such as Iowa and Massachusetts, permit gay and lesbian marriages, most other states do not. So how exactly does the law address real estate coupled with LGBD ownership?
As with almost anyone, real estate can be a great investment. Now is the time to buy properties at far less than their original prices and then wait for the housing market to bounce back. Everything should be well and good. However, what if you and your mate have a serious falling out as so many other couples do? Have you ever considered the issue of getting a divorce if you enter into a gay marriage? A typical divorce not only dissolves the union between two people, but it also grants property settlements, including the ownership of a jointly-owned home. Without this legal intervention, most irate partners would find it difficult to reach agreements about disposing of assets, such as property.
People who have been in LGBD marriages, though, have discovered that it’s not as easy as it should be to get a divorce if that time should come. True, none of us want to believe that a divorce could be in our future, but we all need to face reality. It happens. In the case of LGBD individuals, getting a divorce may prove to be an impossibility. Even in states that recognize LGBD marriages, there may be no such thing as an LGBD divorce. Even if a sympathetic judge might want to grant you a divorce, in a state where gay marriages aren’t recognized, there will be no way he can do so. While states cooperate and reciprocate in most legal matters, this is not the case with LGBD divorces.
So how can you protect your real estate investment when you know there won’t be an opportunity for legal recourse should you divorce? Finding the right people to help you is the key here. Start by using an LGBD relator who has the expertise to steer you in the right direction. You will also need to hire an LGBD attorney who knows how the laws will pertain to you.
Always ask a lot of questions, and be sure that you never sign anything without knowing what you could be running into. These are reasons for going to the expense of hiring an attorney who has expertise in the field of LGBD law. Taking these initial steps before you ever co-sign a loan agreement or purchase property together will stand you in good stead should that unfathomable day you want a divorce or separation actually occur.
Before You Choose a Property Manager, Know These Duties That He Should Fulfill
Opting for property management for your house is a definitely good idea but remember it can be one of the most terrible things if you’re lacking the necessary information.
That being said, it is important for all to have the necessary information about management and the work of the property managers. This is an important part because it helps the property owners in deciding whether or not the manager they’re hiring is well suited to meet all their requirements.
Here is some information for you -
Property Management -
The process of operation, control, and oversight of real estate in the broadest terms are called property management. Management here indicates a need to be cared of, monitored, and answerability is given the property’s life and conditions. Including this, management of property also involves the management of personal property, equipment, tooling and other assets that are used in building, repairing, and maintain the end items deliverables.
Roles of the Property Management Agent -
Setting The Property Purchase / Rental Amount – The first and foremost role that every manager or estate agency has to play is planning the cost of the property or the rental amount. This process would involve the property owner but should be done wisely after considering the important points like the condition of the property and the location where the property is located.
Finding the Right Tenant / Buyer – The property managers will always be accessible to a wide number of property owners as well as property seekers which is why they are the best people to choose the buyers or tenants. Sorting out and picking the best is possible and it will always be a win-win situation for the property owners as well as the seekers.
Screening Buyers / Tenants – For property owners selecting the best buyer or tenant isn’t always possible but when it comes to the property managers they can choose the one that is best. This is usually because the agents only choose the property seekers after carefully looking into their profile and getting a check of their background information.
Collecting the Rent – When associated with rental property dealers the property owners can entrust them with the duty of collecting rent well at the time. This saves the landlord from wasting whatever time is wasted in chasing the tenants for rent.
Handling Complaints & Emergencies – Whatever be the complaints of the tenants or buyers should be handled by the agent well within the stipulated time Further, if there are a few emergencies that need attention they again fall under the duty book of the estate agents and should be met with almost immediately or depending on the type of situation that has come up.
Handling Moveouts – When a tenant vacates the premises, the manager is responsible for inspecting the unit. Their job is to check for damages and determine what portion of the security deposit will be returned to the tenant. After the tenants move out is completed, they are also responsible for cleaning up the unit and repairing any damages that may be filed to locate a new tenant and fill the vacancy.
Dealing with Evictions – In case the tenant hasn’t been paying rent or has been causing disturbance you might have to get the house evicted by him. In that case, the property owner holds the complete responsibility of getting the property evicted at the earliest possible. Before the eviction, the manager needs to ensure all dues are settled and nothing is payable from both the sides.
Maintenance & Repairs – Whatever is included in the maintenance work is the responsibility of the property manager and should be handled accordingly. Whether maintenance and repairs including hiring someone to take care of the leaks, performing landscapes, remove snow, eliminate thrash – it is all the work of the manager. He needs to ensure the right people are hired and in case someone is taking a day off from work there is always a replacement that is available.
Maintaining Records – Maintenance of all property related documents is just another thing added to the list of the duties that the dealer is required to perform. The agents must ensure proper files are maintained for each tenant or buyer and the files include the necessary information. It should also include any dues that need to be cleared from both the parties.
Responsibility for Taxes – The property manager can assist the property owner with comprehending the most beneficial way to file their taxes about the investment property. The concerned person may also be endowed with the power to file the charges regarding the property on behalf of the owner.
Even though property management might look like an easy management process remember it has a lot involved in it and everything needs to be managed in the best possible ways. Further, the varied roles assigned to the property manager depend on whether he is working on a rental property or the one that is being sold.
How to Start Your Own Home-Based Business
Being a housewife, a mother and a professional can be very taxing. There are times when you will feel that you do not have enough time to manage everything that you need to do. You can’t look out after your kids without having to sacrifice any of your tasks as a professional. At the end of the day, you get tires, stressed out and you are not able to maximize your talent to perform to your optimum performance.If you are having the same problem as described above, perhaps it’s about time that you consider establishing your own home-based business. It should be mentioned, however, that this article is not just for moms but for every individual who wants to start their own home-based business. Here are some great reasons why you should consider running your own:Home-based businesses are easy to set up. Compared to other businesses, home-based opportunities are pretty easy to set up. Obviously, you do not need an office space since you hold office in an unused bedroom in your house. You can also use a single computer and you don’t have to stock too much of office inventories. Since you will only be using a single PC, you might as well maximize the use of your computer. For instance, instead of buying a new fax machine, convert your computer into a fax machine by subscribing to online fax. The best thing about online fax is that it requires a very little overhead expense so if you are running a very low budget, then this is another perfect solution for you.Home-based business can provide you with extra income. If you finally decided to focus on the kids and stay at home, you can still earn enough (or more) from your home-based business. There have been a lot of success stories that tells of moms earning more than they used to when they were working a regular 8 hour job. Of course, this takes more time. You need to be able to establish your business first before you can earn as much.Home-based businesses have tax benefits. Once you start your home-based business, then you will have the opportunity to take advantage of the rebates that the federal government offers to home-based opportunities. With these rebates, you can save thousands annually. All you have to do is file your business expenses and the government will do the rest.Home-based businesses allow you to work in your own time. One of the many perks of home-based businesses is its flexi time. A lot of people give up their regular jobs for home-based opportunities because they get tired of a highly structured routine where you need to work 8 hours (or more) every single day. If you work at home, you set your own time and do the things that you want. You can easily stand up from the computer because you need to pick up the kids or run to the grocery.