Questions around the idea of borrowing rather than owning an asset. Could apply to real estate as well as other assets as cars can be rented as well.

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0
votes
1answer
76 views

renting company houses room as director

I have limited company in UK, and I d like to buy a house on companies name and rent one room of three to my self(director). what are the complications about these kind of things, lets assume house ...
5
votes
3answers
120 views

Clarifying a phrase on a rent agreement

Consider the following sentence: "For the period from Tenant's move-in date, _________, through the end of the month, Tenant will pay to Landlord the prorated monthly rent of $1200." Does this mean ...
4
votes
1answer
78 views

Do I need to have a formal rental contract to get renters insurance?

My girlfriend is going to college for the next 4 years and her parents just bought her a condo to stay in while she is at school. I will be staying in it with her, and there is a room for her parents ...
1
vote
3answers
213 views

Rent at $1500/month in Toronto or Mortgage even with ≥ 5% interest?

Because my aunt had 1 Bankruptcy discharged in 2004 and 1 Consumer Proposal discharged in Jan. 2015, for her any mortgage interest rate probably ≥ 5%. Her credit score is 720, and she is renting now ...
14
votes
3answers
1k views

First time home buyer - Need suggestions and views on few things

We are a family of 3. Couple with one kid (2nd grade). We have been in states for 13 years. All these years we have been renting. So far I preferred to rent. But the rents are going up. Currently, ...
3
votes
2answers
105 views

Negotiating rent at lease renewal

I'm renting an apartment in Mountain View, CA. My lease will be up for renewal in about 7-8 weeks. My landlord has not sent me a renewal notice yet, and when I called asking about it I was told that ...
1
vote
1answer
56 views

Should I extend my property for more rent from tenants?

I have two houses in city, one in which I am presently living and the other house is rent out for 10,500 INR\month. I am planning to extend the other house for more rent from tenants. The extension ...
-1
votes
4answers
222 views

Renting or Buying an House

We are a young couple who are renting apartment near NYC. It has been almost 4 years that we have been renting and after every couple of years we had to move to a newer location and every time our ...
5
votes
2answers
77 views

Price to rent ratio outside of major cities

I'm interested in US price/rent ratios, such the list here: https://smartasset.com/mortgage/price-to-rent-ratio-in-us-cities However, it seems like such statistics are always compiled by major city. ...
4
votes
2answers
110 views

What are the most common additional fees (i.e. besides rent) landlords or property owners attempt to charge tenants? [closed]

I am trying to rent an apartment. Some of the apartments I have looked at clearly advertise a low rent to attract tenants, but then tack on additional fees, thus raising the cost. I want to know what ...
1
vote
1answer
37 views

What kind of expectations can I have for summer place rental in California and how can I save as much as possible? [closed]

I'm going to intern in Bay Are this summer, in Mountain View. As far as I can tell, everyone is talking about renting an apartment on airbnb.com, but most of my peers expect way cheaper prices than ...
3
votes
2answers
91 views

How to properly do background check for future tenant in my own house?

I'm renting out a bed room in my own 4-bedroom house. This is the first time I'm being a landlord. How do I do proper background check of new tenants and reduce my risk that the person is a criminal?
8
votes
3answers
354 views

How can I inform the collector that I have paid the landlord in full, to update my credit report? Will it help my credit score?

Unbeknownst to me, some apartment debt I paid had already been sold to a collections agency before I actually paid it. Now the collections agency still thinks I owe, (according to my TransUnion report)...
0
votes
1answer
95 views

How can I find an inexpensive studio or 1bdrm apartment in a safe, clean area?

I live in the Greater Seattle area and will be moving this summer. I am trying to cut expenses by moving to an inexpensive area but each time that I've found an inexpensive area and check Google ...
3
votes
1answer
77 views

How can I prove my ownership of government savings bonds?

I am in the process of moving to California from out of state, looking for an apartment to rent. I am currently unemployed and have no monthly income, but I have a decent amount of money in the bank ...
1
vote
3answers
226 views

Purchasing a condo vs renting when monthly payment is very similar

Basically my mother wants to move closer to us and rents range from $1900-$2000/month for a 2br place. Condo's similar size with mortgage, insurance, taxes, hoe, etc come out to be $2k-$2.2k/month. ...
1
vote
0answers
160 views

Deduct travel expenses for summer internship

I will be participating in a temporary (3-month) summer internship in a city that is quite far (over 300 miles) from where I study as a full-time student in graduate school. During the internship I ...
3
votes
1answer
627 views

Do I need to declare the Rental Income from property in India while filing US Federal Tax?

Say I own a couple of units in an apartment complex in India and they were purchased in part by using inheritance (property) and in part by cash (funds from US). If the units are currently rented ...
3
votes
2answers
184 views

Rent or buy with 0 down

In the area I currently live, we are experiencing massive population growth. Land and house prices haven't risen as fast as rent, to the point that renting is now at least 3-4x as expensive per ...
2
votes
3answers
544 views

Why do car rental companies prefer/require credit over debit cards?

Renting a car frequently requires a credit card. At best, renting a car is more of a hassle with a debit card. Sure, I'm using their stuff, but putting a £1000 hold on my Visa Debit should work just ...
1
vote
1answer
84 views

Can you lease a secondary residential apartment for a job in NYC, and declare it as expense in tax return?

Currently I commute over 2 hours to work in NYC. Thus I would like to rent a apartment close to where I work. Is there a way to have your rental payment declared as expense in your tax return? One ...
6
votes
3answers
318 views

Rent or buy a house in a poor country?

I have a very simple question - rent or buy a house in a poor country when you have a stable income? There are many articles on this topic but I cannot find the right solution for my specific case as ...
2
votes
1answer
242 views

£600 per month after rent: is this good?

After income tax, I will take home a pay of £1880 per month. After rent, this becomes around £600 per month. But I haven't included council tax in this, so it will be less than £600. Is this ...
4
votes
1answer
125 views

Claiming loss of income due to water damage in residence

I have been recently required to vacate my residence due to flooding. The ceilings, floors and fittings need to be removed from the bathroom, kitchen and hallway, rendering the property uninhabitable ...
2
votes
1answer
87 views

Should I have to pay income tax on contribution to home office rent from company?

My girlfriend and I work for the same company based in the UK, and are being moved to New York City, where we will work from home (aside from some time spent visiting clients, say 20% of the time or ...
3
votes
1answer
108 views

Is it possible to be subject to cash withdrawal even if you don't use ATM?

Some companies offer using credit card for paying rent for an extra fee, or some other big-charge transactions that you might traditionally be required to pay for through ACH, a personal check and/or ...
6
votes
1answer
410 views

Tax implications of roommate rent from unofficial apartment sublet

I'm currently renting a 2/2 apartment in the US that is managed by a REIT (NYSE:MAA). I set it up in which I am the sole responsible lease holder and have added a roommate to the lease as an occupant (...
7
votes
1answer
633 views

If I'm the only one on the mortgage, do I have to count my significant other's payments as rent for tax purposes?

Lets say I take out a mortgage to buy a house, and I'm the only borrower on the loan. My girlfriend's dad gifts me $125k to pay the down payment. She and her parents go on the title, along with me. ...
11
votes
7answers
3k views

How is monthly rent calculated for an odd term?

Is there a formula to calculate monthly rent for an odd number of days? Given that not every tenant checks in at the start of the month and checks out at the end of another month, the term of the ...
8
votes
3answers
1k views

Moving in together while both of us own an apartment

So I am planning on moving in with my girlfriend. We both own our apartments, and it makes the economic picture somewhat more complicated. Her monthly living expenses is 6861 for her flat. My monthly ...
2
votes
1answer
193 views

What is the best way to pay my American rent from Canada?

I need to pay rent to my landlord on or before the day I arrive in America. Right now I live in Canada, and I have the money to pay (in USD), I just do not know what the most efficient payment method ...
3
votes
2answers
3k views

Buying a condo to attend schools in another district [closed]

I live in a area with bad school district. I pay a lot in property tax and I'd like to avoid paying private school for my children when they start in 2 years. The option would be to move to a better ...
11
votes
7answers
9k views

Apartment lease renewal - is this rate increase normal?

It's time for me to renew my apartment lease and the landlords are suggesting an increase of 5.8% over the "current" rent price and ~15% over the "effective rental rate" (because I got a free month ...
1
vote
2answers
599 views

Buying a house 50/50

I'm thinking on buying a house with my Business Partner. I would be living on it. We are thinking on going 50/50 on the loan and down payment and hoa and repairs . Since I would be living there we ...
1
vote
0answers
193 views

Write off bedroom as office

Right now, I rent a 4/4 with 3 roommates. One of my roommates is leaving at the end of this rent period. The rent for us is $225/month/room. If I rent both my current room and a second room (the room ...
6
votes
5answers
1k views

How to divide up utilities when one tenant's rent includes utilities, but others' don't?

This is an extension of my question asked here. Four roommates are living together. Two are co-tenants, who hold the lease, and the other two sublet from the co-tenants and pay rent and utilities to ...
2
votes
0answers
177 views

How to divide up utilities amongst tenants? [duplicate]

Let's say I have two tenants who share my apartment with me. It is agreed that utilities shall be divided equally amongst us. However, one tenant has, as part of his lease, a stipulation that all ...
1
vote
0answers
382 views

Should I encourage my spouse to jointly sign our rental lease?

Looking for the advantages/disadvantages for us as a couple. We have been common-law for 9 years and are moving into a new place. My spouse recently lost her job so I will potentially taking most of ...
3
votes
3answers
231 views

Renting Out A Spare Room UK

I'm in the process of buying a two bed property and have a few friends interested in renting out the spare room. Looking into it, it seems this would be taxable income though there is the rent a room ...
6
votes
2answers
271 views

How is a relocation fee of more than 40k taxed?

I'm vacating a rent control apartment in California. The owner of the property is paying me more than 40k in early termination of the rent. How is this money going to be taxed? Will I end up paying ...
-1
votes
2answers
121 views

Am I ready to get an apartment? [closed]

Okay so here's the thing I just moved back to Saint Louis from this door-to-door company selling magazines... ( as the babysitter until the kids were gone) I am just returning home in August and got a ...
31
votes
5answers
5k views

What are the economic benefits of owning a home in the United States?

I am trying to figure out if owning a home is more economical then renting. According to all the tools, according to the rent I pay now (< $800) owning a home is not economical, even in the long ...
4
votes
1answer
233 views

Should my live-in significant other and I both have renter's insurance?

My significant other and I both have our names on the lease for our shared apartment. We are not married. She has a renter's insurance policy that she claims is enough to cover both her belongings and ...
11
votes
4answers
20k views

Moving out three months into my one year lease. What happens?

I recently moved out of my parents house into my own apartment. I moved in the apartment in May. I signed a one year lease but I'm having a really difficult time, financially speaking. I can pay the ...
5
votes
1answer
688 views

Tax deduction for rental repairs after tenant moves out?

I purchased a home last July and began living there, while renting out a second bedroom in the property to a friend. I am now getting married in August, so the friend has moved out to his own place. ...
11
votes
3answers
2k views

Is there a way to live with and contribute to someone else's mortgage payments without the money being considered taxable rent income?

If my business partner purchases a home and I move in with him, presumably the money I'd give him to help out with his mortgage would be considered rent, and so he'd have to pay taxes on rent income. (...
1
vote
1answer
168 views

Why do I need a credit card to rent a car or hotel room, but not to rent an apartment?

This post adequately explains why one needs a credit card for hotel room reservations, car rentals, and similar. But why do I not need a credit card to rent an apartment? Although I do pay a deposit,...
3
votes
2answers
191 views

Difference in rent listed on company's website and the lease they sent me

I'm trying to rent an apartment for next year. The rent listed on the company's website is $150 less than the rental amount contained in the lease they've emailed me. I haven't signed anything yet, ...
1
vote
4answers
174 views

How much will I pay in agent's fees or commissions to rent a house in Boston metro suburbs?

I am being relocated for work to the Boston metro area. As I'm starting the search for a home to rent, I have noticed that many properties are listed through brokers and/or agents. What is the ...
5
votes
1answer
504 views

Should I sell the home in 2014 or continue to rent it out?

The home was bought in Dec. 2010, and we lived there from Dec. 2010 to Jan. 2013. It's been a rental property since Feb. 2013, when we moved into a rental home to be closer to work (about 30 miles ...