Trixy,Seems unreasonable to me. I would imagine that the amount of the expense would be minimal so I am surprised that your Landlord would even consider including this as an expense to deduct from your security deposit.
I pulled up your home on the MLS. It shows that the home was listed by you with a local real estate agent in Huntley. You should contact that specific real estate agent who will be able to help contact Zillow and take the necessary actions to remedy the fraudulent action someone took by listing your home without authorization.
Harlan,There are plenty of good lenders in the Chicago area that could answer your specific financing questions. Our office has great connections with some of the best in the area. Non-owner occupied mortgage do exist but will require you to use at least 10% of the 20% down payment money you have available to use.You may only use your VA on owner occupied properties. VA is only available for the Veteran or Veteran and Spouse. FHA is also only for owner occupied properties.Family members may help. We just closed a property in the suburbs where the family member helped by providing a documented amount of money as a gift. This was worked out with the Buyer's Lender and qualified for their conventional loan program.Find a great lender in the area and let them analyze your specific situation to come up with the best solution.
Move on... There are some really great agents out there who would love the opportunity to work with you. That said, if you truly had a good experience with the agent you contacted, and your calls just aren't recently being returned, try to contact another agent in the office or the Managing Broker. Could be a reasonable reason why the agent hasn't returned your calls. But if that doesn't work ... MOVE ON!
Monique,Background checks will reveal a previous eviction as a Landlord considers whether or not to rent to a future tenant. Put yourself in the shoes of the Landlord. You have a property to rent, review a rental application of a prospective tenant and discover that a previous eviction occurred. What would you do? Would you rent to that applicant?Many Landlords choose to keep reviewing other applicants until they find one they determine will be most likely to fulfill the terms of the lease. Others will give a person a 2nd chance, but that 2nd chance usually comes at a price.Primarily a Landlord is interested in two things. 1) The rent will be paid every month, preferably on time. 2) The Tenant will take care of the property as if it was their own.You will need to make a great case to a future Landlord as to why they should rent to you. I recommend that you write a detailed 'Letter of Explanation' that accompanies your rental application. That letter should explain your circumstances surrounding what occurred. If you are in a better financial position, you could also offer to 'pre-pay' a few months, or even a years worth, of rental payments. That would address one of the primary things a Landlord is interested in.Try to find a local real estate broker who can help you through the process. Best to you as you work through the issues and locate another place to live.
Leases are negotiable. However, not all Landlords will negotiate. You may find short term rentals (typically anything less than a year long lease) by contacting a local real estate broker. He/she will have a conversation with you to assess your short term and long term housing needs. Once they have a better understanding of your needs they should be able to send you a list of properties in your area of interest.
A good rule of thumb is that if you receive income, you should report it and pay the tax due. Always check with a good accountant who will review your specific scenario to ensure you are getting the proper deductions/credits to save you the most amount of money when you complete your tax return.If you do want to sell your home there are ways to sell even if you are underwater. Be sure to check with a real estate broker who may give you an analysis of the value of your home. Demand for homes has been strong in many areas throughout Chicago and the Suburbs. That has resulted in a lot of homes no longer being 'underwater'.
Denise,My suggestion would be to contact a real estate broker in your area that works with rental property. A quality broker should be able to determine the amount of rent you should be able to charge in your situation.With regards to the 'Income Tax' question, a good rule of thumb is that if you collect income, tax is due. Your CPA/Accountant/Tax Professional should be able to verify the amount of your tax liability.
[self promotion deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]"
[triplicate self promotion deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]