5 MOST Landlord Friendly States | Buying Rental Property Out Of State

Подписаться 12 тыс.

Просмотров 33 тыс.

50% 1

5 MOST Landlord Friendly States | Buying Rental Property Out Of State
When purchasing rental properties out of state, you want to target landlord friendly states. In this video, I break down the best states when it comes to landlord friendly real estate laws. Having these laws in your favor in some cases can make or break your investment so it's definitely an area of real estate you'll want to know about.
Instagram: theoutofstateinvestor
Tiktok: www.tiktok.com/@TheOutOfStateInvestor
For any one on one coaching or other business inquiries email me at: TheOutOfStateInvestor@gmail.com
A few things you want to target when looking for landlord friendly states are what the state legislature says regarding evictions, rent control, and what rights the tenants have. The top states that are landlord friendly have good policies covering all of those categories.
* Please note that this video does not take into account any laws or moratoriums put into place during the 2020 pandemic.
#RealEstateInvesting #Landlord #BuyingRentalProperty

Опубликовано:

2 авг 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 105

@jamesallenrealestate 3 года назад

🛑 ► SUBSCRIBE for more real estate and personal finance videos like this one. tiny.cc/uc5wmz

@devorasavinon4191 3 года назад

Lanlord friendly states 5 Arizona 4. Louisiana 3. Alabama 2 Arkansas 1. Texas

@six6goddess214 3 года назад

GA is very good. Been renting over 15 years. Tenants pay because the Marshall will put you out 4-8 weeks top. Usually less than 6 weeks.

@vgman94 3 года назад

Out of those, I’d definitely buy property in AZ, AK and TX.

@Balibaliadashi 3 года назад

@@vgman94 Alaska huh lol

@nicklouis7497 Год назад

@@six6goddess214 do u Kno a private landlord I can contact in Georgia

@ServiceStarRealtyPhoenix 3 года назад

Great video! Very informative and helpful

@jamesallenrealestate 3 года назад

Thanks, glad you enjoyed it!

@darnelllewis5984 3 года назад

Great video. Thanks for the information

@jamesallenrealestate 3 года назад

Thanks, I'm glad you liked it!

@passiveincomewithapartment2828 3 года назад

Love to be able to invest in my backyard. #2 on the list!

@realtorforlouisiana 7 месяцев назад

I just helped a Cali investor buy in Baton Rouge and I have spots for sale in Westwego, the Gentilly and Treme neighborhoods of New Orleans. What kind of properties are you most interested in?

@sawaugust 2 года назад

I own property in Alabama. This is great to know!:)

@susanmartin7467 3 года назад

More comparisons of each state's TL laws please!

@michealjohnson5634 3 года назад

I have been scammed many times by fake hackers not until my friends told me about this legit man called Hackerzhiyong on telegram I got paid daily through his best bitcoin software

@jakea6837 3 года назад

Wow great video! I subscribed and will check out your other vids. Thanks!!

@jamesallenrealestate 3 года назад

Awesome, welcome to the channel!

@sihlemasondo2898 5 месяцев назад

Thank u gud content

@tomtownsend7273 Год назад

Great video

@goldenlebel1493 2 года назад

great information

@jamesallenrealestate 2 года назад

Thank you!

@sonjabuffington645 3 года назад

I'm curious about your thoughts on Florida rental laws.

@jamesallenrealestate 3 года назад

Florida is a great state to be a landlord in. The law is definitely more on the landlords side.

@user-gh5nf3zv9j 2 года назад

@@jamesallenrealestate hello.over a year is there any update in florida? I'm going to see the house. Thanks for your advice.

@reptilewizz Год назад

What about doing section 8 in West Virginia?

@bhp000 3 года назад

Not surprised about numbers 2-4! 😂

@christinehsu7 Год назад

Good 👍 useful 👍

@Eager2BFit Год назад

What about the eviction process. How long until they get removed from the property? Do the judges give tenants extensions of stay like in NY

@realtorforlouisiana 7 месяцев назад

I can only speak to Louisiana's laws. Judges give anywhere from 24 hours to 2 weeks to vacate. It is based on the details of the situation. For example, we had a nuisance tenant to get rid of. This person was deplorable and my client could not convince the man to leave. So we filed and even during the pandemic, we had a court date in 2 weeks and the tenant was given only 24 hours to vacate the premises. In a different situation, a tenant was simply having a hard time locating a new place and the property had just been sold. The judge ruled that this tenant was not a nuisance and just needed time to relocate. That person was given 2 weeks. Hope this helps. Let me know if you are interested in shopping in Louisiana!

@joflores2267 Год назад

Do you need a license in order to flip in California ? Do you need license to invest in Arizona

@AAA-cc4pg 3 года назад

I’m considering Nevada ? 🤔

@losttravelingbackpacker3757 2 года назад

What are the costs of evection in each one of theses cases there in ea state as Washington is say 6000 Seattle rest of state 3000 evections even a three day evect is 3000 so all that adds up cost to evect

@realtorforlouisiana 7 месяцев назад

Great question! In Louisiana, there's a small court fee if you have to get a court date but it's no more than $300 if I recall correctly. A couple of my clients had to file evictions. Fortunately, most tenants know the risks and do not want an eviction on their record so just posting a notice is often good enough.

@Mrshiva0929 2 года назад

What about Connecticut

@LauryDepp 2 года назад

What about Florida ?

@deanc2000 3 года назад

North Carolina? I'm planning on using a property manager.

@slerickson01 3 года назад

@@michealjohnson5634 Liar. Telegram is filled with scammers like yourself.

@PA-yy8vu 3 года назад

Should I buy multi family in Dallas ? I own a 3 unit in nyc, but nyc is going down the drain. I’m nervous because I hear Dallas gets natural disasters. What do you think?

@jamesallenrealestate 3 года назад

Dallas is a strong market and if I were to choose between the two markets, I would choose Dallas. More landlord friendly, better cash flow, still good long term appreciation.

@davisholman6518 3 года назад

The only negative with Texas is their property tax is high - just sayin’...

@Blah-blah-sure 2 года назад

NYC & it’s supporting socialist states, NJ & CT has an even worse natural disaster. Politicians that make laws that protect the criminals, and pay them to stay in your property & making laws basically eliminating evictions ex. A housing bill in CT has in it that criminals would be a protected class. On par with the elderly, blind or disabled person. And there’s the no look back bill/ law: in which past criminal records are blocked! So imagine a landlord not being able to screen for a child molester Insane! That’s why I wouldn’t buy another rental in these garbage states.

@realtorforlouisiana 7 месяцев назад

Shreveport LA is another great option if you're interested in Dallas. Louisiana has lower tax rates and as you see, we are in the list of landlord friendly states. Also, Shreveport has a booming and growing film industry and most times the studios pay for housing for their film crews. Let me know if you would like to learn more.

@curiousheathen2421 3 года назад

starts @1:50

@PcGamerify 2 года назад

But what about Florida?

@jovanyreef7891 2 года назад

Any information on the state of Delaware and Florida?

@charlesg7926 2 года назад

Learn to read before commenting. Somebody asked about Florida 11 months ago. It’s a top comment. The asker said that Florida is a great state and has landlord-friendly rental laws

@rapolasmarkevicius 2 года назад

What states work best for cash flow?

@filesestalaj-jupin997 2 года назад

New Jersey.... Google eviction laws in New Jersey...

@ziv2liv 2 года назад

As an owner of two rental property in Texas, that state perhaps has a landlord-friendly laws, but VERY unfriendly property tax rate. The good news is, that there is a cottage industry of lawyers that all they do is property tax protest... :)

@lifeisgreat1718 2 года назад

Oh stop crying LOL. I have 3 rentals in jersey. It’s not landlord friendly and property taxes are insane.

@ziv2liv 2 года назад

@@lifeisgreat1718 I'll tell you what's the problem, you are limited in raising the rent, not because of the law, but because the market cannot bare it. I have five properties in Georgia, I get the same amount of rent, the taxes are lower and the laws are as landlord friendly... LOL!

@lifeisgreat1718 2 года назад

@@ziv2liv yes, the landlord laws in jersey suck! Lol. All in all, I’ve done well over the last 6 years and can’t complain.

@moelana Год назад

Property tax Isn't tax deductible for landlords?

@six6goddess214 2 года назад

Georgia is very landlord friendly till Covid19.

@michaelbyers8130 Год назад

I have multiple properties in ontario and well its far from makimg thos list, its absolutely pathetic

@jayplays1581 3 года назад

what state are you from ?

@jamesallenrealestate 3 года назад

Hey John, I'm from Arizona

@currypablo 2 года назад

Aside from TX & AZ those other landlord friendly states are horrible places. Will definitely be following you on IG. Is Florida landlord friendly?

@nikkione9901 2 года назад

Yes it is

@PORTMIAMIMIKE 2 года назад

Why do video only on 5 states?

@victorscarpulla2478 5 месяцев назад

Great video. Gotta not invest in NY

@ponzianomanning3071 3 года назад

What about PA laws?

@filesestalaj-jupin997 2 года назад

New Jersey has great eviction laws for the landlord Google eviction laws in New Jersey!?!? You'll be happily surprised and the prices for two three family are still very attainable!

@filesestalaj-jupin997 2 года назад

Sussex county New Jersey all of New Jersey is landlord friendly but Sussex county is a well-kept secret desirable homes multi-units close to PA and the Poconos and New York upstate Delaware River runs right through Sussex county and it's gorgeous Airbnb rentals everything is beautiful in the last frontier in New Jersey well kept secret anyway got my piece of the pie and had to do an eviction didn't pay for 30 days their rent was due on the 1st I literally went to the court steps on the 3rd got a date a week and a half later they were evicted when they showed up non-payment was no excuse the judge said I love that state I'm a New Yorker well I was

@lorascelsi8102 Год назад

How many states are landlords friendly to tenants? Why so many working class families without housing?

@realtorforlouisiana 7 месяцев назад

The issue here is wages. Most states do not have living wage laws. The cost of everything has increased, but wages for working class families have not. Instead of blaming landlords for trying to earn income from their investments, we need to ban together and demand better wages.

@slerickson01 3 года назад

Communist Portland Oregon, I even have to pay 4500 to my tenents if I terminate the lease such as wanting to sell the property. And they get 90 days from the date sale closes to move. If you own more than 5 properties it gets even worse.

@Axel-uw5py 3 года назад

You are gay.

@gunnarlindenmusic 3 года назад

@@Axel-uw5py get a job

@Axel-uw5py 3 года назад

@@gunnarlindenmusic you're gay bro

@charlesg7926 2 года назад

That sucks but the real question is why would you ever want to own property in that state? and second question is, if you DID already own property in that state (from the past) and then you saw them getting very liberal and communist, why did you not sell the property before it got bad? You should’ve gotten rid of it at the first sign of leftism

@jmart5302 Год назад

My god.

@filesestalaj-jupin997 2 года назад

I'm very surprised you don't have New Jersey there on your list of the great places for investors to buy property there's no cap or rent control as you put it and the eviction process is if you don't pay the rent on the 1st let's say that day the next day you could be in the court steps for eviction it's great there's no excuse for not paying the rent!!! That said, New York is one of the worst places I should know I was a victim of that State siding with the deadbeat tenant who I would take to court and the court would allow the tenant nonsense excuses to get away with it and they still do there in New York it's all for the tenant who doesn't pay....! New Jersey on the other hand is fair you don't pay you have to Move!!!!

@EricPrescott Год назад

Property taxes here, tho...

@gavnonadoroge3092 3 года назад

why would people rent in texas if they can be kicked out with 1 day notice?

@slerickson01 3 года назад

because they can't buy and it's where they live.

@blah-blah-blah-blah38 2 года назад

I’m watching this to figure out where NOT to live :)

@cameronmcnulty8732 3 года назад

Justin Bieber

@lorrilewis2178 3 года назад

There are not many people who would be able to move with one day's notice. smh

@confusedcynic9073 2 года назад

Why? Are they glued to the floor?

@lorrilewis2178 2 года назад

@@confusedcynic9073 Why are you so in the dark about what moving entails?

@confusedcynic9073 2 года назад

@@lorrilewis2178 Not in the dark at all on what it takes to properly move. It would take me months to pack up and move. However these people are in rent arrears, they don't have the luxury to do things right. These tenants have had more than one day, to prepare for getting tossed out.

@lorrilewis2178 2 года назад

@@confusedcynic9073 If they can't afford to pay their current rent, how can they afford to pay first month/last month/security deposit for a new place? If they had that kind of money, they'd be paying their current rent in the first place. That they just sat in the rental all this time is not surprising if they are too strapped for cash to move.

@confusedcynic9073 2 года назад

@@lorrilewis2178 They can't, I agree. But they have no choice, they have to get out. Where they go is there problem. You don't get to live free somewhere, because you have no money.

@freshmoistfrog8417 2 года назад

The best place to be a landlord is in hell!

@BobSmith-iu3hx 3 года назад

I would say probably one of the lest friendly jurisdictions for landlords anywhere in North America is the Province of Ontario. The laws are slanted in favor of the tenants and the landlords have no rights because the pinko/socialist politicians made sure of this.

@carowilson9218 3 года назад

I would advise you Invest in the most secure platform with Marvin kemp. He comes highly recommended and those that have reached out have great testimonies even myself. Marvin is best to handle you tradings. He works on a professional level with 99% winning accuracy..

@carowilson9218 3 года назад

Start making your weekly income

@carowilson9218 3 года назад

He is available on Telegram always on standby to attend to you. @ marvinkempofficial.

@wandagreer9144 3 года назад

Thanks for the warning. Anyone who takes advantage of families like this is downright evil, IMO. I would never buy nor rent any property in either of these states. I want my afterlife to be in Heaven. Kindness is a much better way to handle things. You know... the Do Unto Other's rule?

@LohTek 2 года назад

So providing a family with a decent home to raise their children in when they don't have the credit &/or financial means to pay upwards of 200k for a 2BR house in today's market is evil? Do unto others indeed, you are providing a family a means to live and prosper; how is that exploitative unless you are overcharging in your rents?

@missdesireindependance5194 2 года назад

Many tenants take advantage of the landlord by not paying their rent on time.

@LohTek 2 года назад

@@missdesireindependance5194 That's a complicated subject, I have found that it's better to give them a little bit of time, I made rent due on the 1st of the month, but don't consider payment late until the 5th. This has helped a lot with tenant relationships because it offers some wiggle room with their payment. At the same time you need to treat it like a business however and be serious about collecting payment. If rent is not paid by the 20th I start eviction processes; that usually convinces them to pay up.

@user-gh5nf3zv9j 2 года назад

You better have money to buy houses and rent for those people for free. You are "God" who should belong to heaven. God dont have any bill to pay but landlord doesn't! My chinese friend told me. America is a perfect country to rise and feed the lazy people become a evil monster. Especially CA. They are destroying the USA, we can see after 10years from now. USA maybe doesn't exist anymore because there's too many blood sucker.

@LohTek 2 года назад

@@user-gh5nf3zv9j Well, you're not wrong. We have a lot of social and moral problems in this country that may end up leading to our destruction, but China is definitely in more trouble than we are.