Can the landlord have me pay a mortgage company directly?
It would be odd and not advisable, but a tenant and landlord could agree to that arrangement, if they wish.Assuming you are dealing with a legitimate situation…As a tenant, I would not want responsibility for making payments on behalf of the landlord. What if the payment was late and late fees were assessed? What if the lender transferred servicing of the loan and sent a notice to the owner/borrower and the tenant was not informed?As a landlord, I would not depend on someone else to pay my obligations for me. What if the tenant paid late or not at all? It’s my credit history that is at risk. If a payment is late or returned for insufficient funds, who is going to pay the 5% late fee? What if taxes and/or insurance are escrowed with the payment and the escrow amount changes? What if the tenant breaks the lease, how soon would I know about the status of the payment?This is not advisable. The tenant should pay the rent; the landlord should pay their bills.
Im renting and the landlord hasn't been making the motgage payments because the house is going thru forclosure?
You have the right to 30 days notice before you have to move. That's it. You just pay your rent, the mortgage isn't your business.
My new landlord insists on me paying rent by cash. Should I be worried?
Though there is nothing inherently wrong with requesting (or tendering) rent in cash, it certainly could be cause for concern:If the landlord is having financial difficulty and has a mortgage, they may be pocketing the money and not paying the mortgage. Eventually, the lender would begin foreclosure proceedings and the tenant could suffer.If the “landlord” in this case is a property manager, they could be skimming and under-reporting the income to the landlord. “Embezzlement” wouldn’t be a word nor a crime if it never happened.Some people request cash to hide income in order to avoid income tax. I pay my taxes and don’t like people who cheat; it undermines the system and means that those of us who do pay, have to pay more to make up the shortfall.The tenant has no proof of payment. An honest landlord could lose/misplace the cash and think the tenant didn’t pay. A devious landlord could take the cash and claim they didn’t pay. Now, the tenant has a problem.If the amount of rent is substantial, it places one at risk for being robbed when showing up to pay. Maybe not likely where you live, or maybe it is.Some other answers noted the experience of landlords accepting a check only to discover that the check was bad (insufficient funds). Worse, if the tenant doesn’t make good on the payment and has to be evicted, it’s an expensive and time-consuming process. That’s why we professional landlords always collect the first month’s rent and security deposit by cashier’s check, money order, or funds wire, or similar.I specifically do not allow payments in cash because I don’t want me or my staff to have the liability of safeguarding thousands of dollars in cash, to be robbed, etc.
If our landlord was deported, who do we pay rent to?
In most cases you continue to follow the directions for payment that are listed and agreed to in your lease. If there is a certain bank account or address you’re supposed to be depositing your rent to then you should continue doing so. I would also make sure you document each time you do submit payment. If there is no account number, address, or person that you normally give the rent to (or it is not outlined in the lease where to deposit rent) then in many states you can also pay your rent directly to the courthouse. This way you are keeping up with your part of the lease (paying) and the courthouse can figure out how/who to give the funds to.Mo HashemProperty Management
I can't pay my rent and my landlord gave me 2 days to get out, is that legal?
I paid last months rent, and this month I just can't do it. I lost my job 2 months ago, and I explained that to my landlord. I was trying to work with her by paying a portion of the rent and the rest late. I had done that for the month of October. I told her that I didn't have the full months rent again for this month, and that I just couldn't make the payments anymore. So today she comes and tells me that I have 2 days to move out. I have 2 small children and I told her that it was an impossible request, and she said that its too bad. I told her that I would move as long as she provided me with my deposit and the portion of rent that I paid and she said NO... Is this even legal? Do I really have to get out in 2 days and can she keep my money and not give me any kind of paperwork stating what happened? Someone please help me, I am about to be out on the street with my 2 children if I don't figure something out quick!
My landlord hasn't paid her mortgage?
My landlord didnt pay her mortgage what are my options? I have rented a house from my landlord for almost 3 years now. I've paid on time and in full every month. Now yesterday she tells me she hasent paid the mortgage in months and her options are to foreclose on the house or short sale. She said she wasn't supposed to have renters here in the first place. I want to know my options, what can I do as a renter what are my rights I live in Michigan She told the bank that she was living in the house that I'm renting. We had a lease the first year but she is a "friend" of the family so we never signed another lease.
Is it legal to rent out a house to pay the mortgage?
As others have mentioned here, it depends when the house becomes a rental. If you buy a house strictly to rent it out, then you MUST inform the mortgage lender, and they will charge you a higher rate. Also, they may not take the proposed rental income as qualifying income if you have been a landlord for less than 2 years.Now, if you buy a house and live in it as your primary residence for a while, and then decided to rent it out, it's a bit easier. You should inform your mortgage lender and they may charge you a fee but probably won't raise your rate or deny you.One small wrinkle. If you are still living in the house but decide to rent out a room or two while you are still living there, this is OK (though you should get some extra landlord's insurance), but should you wish to refi the mortgage you cannot use rental income from your primary home to qualify. You can use the rental income to pay the mortgage, but it can't be counted as qualifying income for a new loan on that house.
If my tenant pays the rent directly to my mortgage company, am I responsbile to pay taxes on that money?
He currently give me a check each month and I understand that taxes are owed on that money, but if I never receive the money, do I still have to pay taxes on it?