The rent tag has no wiki summary.
5
votes
2answers
63 views
Interest on security deposits paid to landlords, in Michigan?
Does the state of Michigan require landlords to put security deposits in interest bearing financial institutions?
9
votes
4answers
254 views
Buying a house for a shorter term
I've lived under the impression that it is never wise to buy a house (as your home) unless you are planning to live there "at least five years" (or something like that). But is this necessarily ...
1
vote
3answers
287 views
Why could rental costs for apartments/houses rise while buying prices can go up and down?
In this U.S. city, I have the impression that the rents of apartments and houses always go up, say, about a 5% per year, while the prices of buying them fluctuates throughout the same years. If my ...
1
vote
2answers
114 views
Switching apartments & the correct way to exercise notice period with current landlord?
I'm in the process of signing the contract with another apartment, but the owner of the apartment I currently live in is not responding.
I've sent the current owner an email on 6th November and there ...
3
votes
2answers
150 views
Whom do I pay the rent to?
I live in a house owned 50/50 by a brother and sister. The sister has moved out so it's just myself and her brother and she has asked me to pay rent just to her and her brother to receive nothing as ...
3
votes
3answers
159 views
Can my rent to own equity be used as a downpayment?
Here is my scenario.
Homeowner wants $296,000
Will give me letter stating that I have 20% down payment as a result of rent payments being applied toward purchase price.
My question is...does the ...
1
vote
1answer
106 views
What needs to be considered when taking over a 2Br alone and living with a roommate
My housing experience has been me and my roommates signing leases with our landlord together. I am going to move soon, and am interested in a 2br apartment with $850 rent. The landlord of that ...
2
votes
1answer
81 views
Where can I find the current price to rent ratio of the locality of my interest?
After reading an article about where to buy homes, I'm trying to do research on renting versus purchasing a home.
I'd like to figure out what the price to rent ratio is as one factor of my research.
...
8
votes
3answers
510 views
Buying a house, Bank or rent to own?
We currently rent a house. Our credit is ok, but we're working on it (paying things off, disputing things, etc). We are first time buyers. We have a good relationship with the owners. We are thinking ...
5
votes
4answers
321 views
Better to rent with or without utilities?
By the end of the year, I will be renting a small apartment with one other person and we will be splitting the costs. I am a college student so I've only lived either at home or in dorms.
In general, ...
4
votes
1answer
70 views
Renter starts next year, but advance checks received this year. How to report the income for tax purposes?
I have a renter who will start occupying my second home in January. He will provide checks for the first and last month in December.
The IRS states that income should be reported in the year that I ...
13
votes
7answers
594 views
How can a person with really bad credit history rent decent housing?
My ex got evicted out of her apartment for non-payment of rent. This didn't entirely take me by surprise, as she is financially pretty clueless.
She attemped to rent another place but given her ...
5
votes
1answer
81 views
Declaring income from rent
Currently I am renting out my flat to my Sister in law. My mortgage is ~£580 a month and here rent is £600. I am not doing this to make money just to cover the mortgage cost. Do I need to declare the ...
1
vote
3answers
575 views
How do we share vacation costs between families for lodging and food?
If you are taking a vacation with several other families, some with kids and some without, how do share the costs for lodging and food?
In my situation we are renting a house were we will all stay. ...
5
votes
1answer
206 views
How do I track 'bartered' rent?
My brother and his wife are renting part of my house from me (in Kansas). Due to financial hardship on their part, I've agreed to let him do some house repairs in lieu of paying rent for a few ...
8
votes
3answers
398 views
Pros & cons of renting out personal condo during my work hours?
I work 9 - 5 and during the daytime on weekdays, my expensive condo is rather empty. What are some good ideas that I can rent the space out to some artist/yoga teacher during the day and make a ...
7
votes
3answers
205 views
What can cause rent prices to fall?
In the 2007 Global Finanical Crisis many places like the US, Ireland and Europe, experienced a popping of their housing bubble and as a result, house prices dropped quite a lot.
However, as most ...
2
votes
2answers
319 views
How to pay rent using a credit card?
I am currently paying rent using personal cheques. Is there a way to route the payments through my credit card so that I get the travel points associated with the credit card?
I will pay off the ...
10
votes
5answers
829 views
How to determine how much to charge your business for rent (in your house)?
I started a business this year and have a dedicated room in my home for this business. How do I determine the rate at which I will charge the business rent for the space?
4
votes
2answers
496 views
What if only one of two tenants signs a lease?
The title is a little misleading. Lease agreements tend to have multiple forms that need to be signed. In my case there was the actual lease agreement (with checkmarks next to many things that needed ...
9
votes
2answers
337 views
What's the maximum amount I should spend on rent?
Is there a general rule or percentage based on gross/net income?
I'm 26 work in as a Software Engineer and do not own a car as my vision does not permit me to drive.
UPDATE:
To explain my situation ...
7
votes
3answers
157 views
What are the usual terms of a “rent with an option to buy” situation?
What are the usual terms of a "rent with an option to buy" situation? Is the selling price negotiated ahead of time? What does the renter potentially sacrifice except losing the equity of the rent?
...
1
vote
6answers
402 views
Is Cost of Living overstated?
Cost of living is a major factor in people's decisions: where to live, how much salary is needed for comparable lifestyles, and so on. But I was thinking the other day, that CoL might be ...
3
votes
2answers
192 views
Can buying REIT's be compared to investing in Real Estate?
I am currently renting an apartment, and investing a portion of my income in stocks and bonds (90/10). Part of my stock allocation contains REIT's.
I have been saving to purchase a home (I have ...
8
votes
4answers
1k views
Tax implications of living rent-free
Suppose Adam owns a house and rents a room to Bill for $300 a month, and pays Bill $300 a month to mow the lawn, clean the rooms and do other maintenance. Assume U.S. law in a no-income-tax state ...
1
vote
2answers
80 views
Have house price growth exceeded rent yield in Australia in the last five years (2005 onwards)?
I started renting possibly about five years ago. I'm not sure if the rent price has gone up or down. I'm actually paying more then than I was now, but the place I am living in now is in the suburbs ...
14
votes
5answers
335 views
When is it better to rent and when is better buy in a certain property market?
I've been told the average rent for a house should be the house price, minus 3 zero's and that should be how much it should be a week, which I think works out to be about 5% of the house price per ...
3
votes
1answer
52 views
Source for information about Australia and U.S. real estate market rent-to-price ratios?
Would like to make a comparison between the two markets, in particular during the global financial crisis.
18
votes
5answers
876 views
How does one effectively negotiate rent?
I'm going to rent an apartment in a major urban area in the next few months. When I drive around the area where I want to rent I see numerous "For Rent" signs. Also when I look online there are ...
9
votes
4answers
265 views
I am co-renting with others who do not pay rent reliably. Is there a way I can stay without harming my credit rating?
I rent with other adults in a rental property and my name is on the rental agreement with them. I would like to know if I have to move out, or is there a way I can remain and still pay just my fair ...
