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Questions tagged [rent]

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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122 votes
12 answers
38k views

Tenant claims they paid rent in cash and that it was stolen from a mailbox. What should I do?

I own a duplex, live in half, and rent out the other half to college students. I have just made a mistake that cost me $750. One of my tenants was late paying her rent. I'd thought it was still late, ...
Anonymous's user avatar
  • 1,885
87 votes
6 answers
32k views

I co-signed on an apartment for a now ex-boyfriend who refuses to pay. What can I do?

I co-signed on an apartment with my ex-boyfriend when I was 18 and he was 21. We broke up. I am now 26 and it has been in collections for years. He refuses to help pay the debt. I am now stuck with ...
Kodi Canty's user avatar
74 votes
6 answers
39k views

Currently sole owner of a property. My girlfriend is looking to move in with me and is offering to pay 'rent'. Am I at risk here?

I currently own a flat (UK) and have a mortgage for said flat. My girlfriend is looking for a place to stay and it would seem mutually beneficial that she stays with me. She has offered to pay 'rent' ...
Smeato's user avatar
  • 733
64 votes
8 answers
21k views

Should I deplete my saving and buy a house with cash, or should I rent?

My wife and I are very frugal. We've been living abroad for several years and saved a decent amount of our salaries. We've decided to move back to the US this year. We've found a modest home that ...
krayziesensei's user avatar
50 votes
15 answers
13k views

Is there any reason to not buy if mortgage is comparable to rent?

I'm curious: Say if you could buy a property or choose to rent and the mortgage per month on the property is similar to (or even lower) than the rent in your area, is there any reason to not buy? ...
Lightsout's user avatar
  • 2,041
49 votes
11 answers
9k views

In the US, is it normal to not include an electronic way to pay rent?

A property manager requires rent to be paid using check. Is it normal that rent cannot be paid using electronic methods such as a credit/debit card, or a bank transfer, or Paypal, or anything ...
det's user avatar
  • 607
41 votes
3 answers
9k views

Tax implications of BTC for rent

I'm considering doing a trial run with my tenants and let them pay some or all of their rent in BTC. My motivations: BTC isn't considered a currency so it's taxed as an asset under capital gains tax. ...
DotNetRussell's user avatar
40 votes
7 answers
5k views

Friends come with hat in hand, but I don't think it will help

I have two friends, a married couple with a ~1yr child. Shortly before they had the child, they moved in with his grandparents. The grandparents are apparently unwilling or unable to care to the child,...
Brian S's user avatar
  • 503
38 votes
8 answers
11k views

Infrequent car rental vs. lease/buy

I live in a large city and do not currently own a car. I use public transportation, ZipCar, Uber, and a bike to get everywhere I need within the city. For bigger trips outside the city, I have been ...
Nuclear Hoagie's user avatar
36 votes
6 answers
11k views

Buy home and leverage roommates, or split rent?

Currently, I live in a 3 bedroom apartment with 4 other people (5 total), and we are looking to switch apartments because we don't like the place anymore. I started looking around for new places, and ...
Andrew Diamond's user avatar
36 votes
6 answers
18k views

Holding rent money for my friend which amounts to over $10k?

My close friend has just moved into an apartment with me and due to some circumstances he would like to pay me the rent money for a year upfront. The total amount will be about $11k total, and we as ...
Asleepace's user avatar
  • 1,993
33 votes
4 answers
23k views

I've been scammed, but have the scammer's bank information

I was scammed by a person who 'rented' us a home that was listed for sale that he didn't own. There were a lot of red flags along the way, and I noticed them, but didn't act as we were desperate to ...
SomePerson's user avatar
33 votes
5 answers
6k 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 ...
SoftwareSavant's user avatar
32 votes
8 answers
16k views

Math Behind Buying a House

Is following calculation correct? I spend $1500/month on average on rent. If I rent for the next 3 years, I would be spending $54,000. I can buy a house for $220,000 today and spend the same amount ...
picmate's user avatar
  • 429
32 votes
6 answers
32k views

How to show a landlord what we have in savings?

My wife and I will be moving to a new, major US city soon, and will be renting an apartment. For the first 18 months, we will both be in graduate programs and our income will be rather low, about 2-2....
Azor Ahai -him-'s user avatar
31 votes
8 answers
17k views

My landlord claims I didn't pay rent even though I can prove I did - What can I do? [closed]

I got a letter from my landlord saying I missed 3 month rent. The letter said if I do not pay those 3 month rent in cash, she will take me to the court and evict me. I paid rent every month and never ...
Risa Busing's user avatar
30 votes
5 answers
9k views

Asked for a Western Union postal deposit receipt before visiting a rental property: is this a scam?

I recently responded to an apartment rental ad in Paris that the owner is managing. Flat is attractive but a smidge on the expensive side, not usually scam territory. However, the following email ...
ConferenceGoer's user avatar
30 votes
5 answers
7k views

Paying for a flat renovation to reduce rent payments in the future

A friend of mine owns an old house which requires renovation. They proposed me to pay for the renovation, and in exchange, I could live in the house and pay a smaller rent (or perhaps no rent for a ...
user109730's user avatar
30 votes
7 answers
53k views

Tax consequences of paying "rent" to romantic partner that owns the house

I moved in with my romantic partner nine months ago. My partner owns 100% of the property and pay about $1000 per month to the mortgage (minimum is something like $300). Partner had no intention of ...
Klaycon's user avatar
  • 423
27 votes
7 answers
34k views

How much of a discount should I seek when prepaying a whole year's rent?

I'm currently looking for a new apartment. I am prepared to pay a whole year's rent up front in exchange for a discount. How much of a discount should I seek? It adds risk for me and I lose some ...
dcacat's user avatar
  • 409
26 votes
8 answers
17k views

Is the apartment I want to rent a scam?

I am currently looking for an apartment in the near city. Yesterday I found an entry on an online-platform where people rent apartments to students, all in all a serious platform which I have used ...
Féileacán's user avatar
26 votes
6 answers
26k views

Potential debt collection scam from National Credit Systems?

Yesterday I received a letter in the mail from an organization called National Credit Systems. In the letter, they say that I owe them $230 to the apartment manager that I rented from 3 years ago. I ...
bf109k4's user avatar
  • 381
25 votes
7 answers
5k 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 attempted to rent another place but given her ...
NeedAdvice's user avatar
  • 3,817
22 votes
5 answers
4k 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 ...
MrDatabase's user avatar
22 votes
5 answers
767 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 ...
Joe.E's user avatar
  • 6,080
21 votes
6 answers
20k views

Is rent considered a debt?

I am taking a financial assessment. It asks me: What is your total monthly debt payment (e.g. student loans, vehicles, credit cards, personal loans, etc.)? Then the next questions are about ...
Jossie Calderon's user avatar
21 votes
6 answers
8k views

Landlord making up charges

We recently moved out of an apartment. Our lease term was completed with no dues on utilities etc. I was never late on paying rent etc. The lease was ending on Feb-27th, but we returned keys on Feb-...
NRJ's user avatar
  • 491
19 votes
8 answers
7k views

How to split rent/utilities fairly

I'm in the process of getting an apartment with my girlfriend and a friend. We plan on all sharing rent and utilities but there is a large gap in earnings between the three of us, mostly that I out-...
Ranma344's user avatar
  • 1,594
17 votes
3 answers
6k views

How do I go about asking landlord to prorate when I can't move in yet?

I am renting an apartment. Move in date was August 1st. The apartment is slightly dirty with cobwebs and the walls definitely need to be painted. Landlord says that she will paint very soon but until ...
LampPost's user avatar
  • 273
17 votes
3 answers
2k 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, ...
Kint Kant's user avatar
  • 709
16 votes
4 answers
3k 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 ...
ILovePaperTowels's user avatar
14 votes
3 answers
6k views

Current renter wants me to mail application and check to them instead of landlord — is this legitimate?

I responded to an ad on Facebook Marketplace for an apartment. The ad said that they weren't the landlord, but were looking to move out before their lease was up. When I contacted them for a showing ...
D M's user avatar
  • 250
14 votes
5 answers
5k views

When leasing/renting out an owned property, is there a standard ratio between monthly rent and the mortgage? [duplicate]

I'm leaving the country for work for roughly a year, and would like to sublease my home to a friend of mine living in the area. I have no experience as a landlord, and I've had a tough time figuring ...
NotaLL's user avatar
  • 149
13 votes
4 answers
8k views

Joint owned property 50% each. Can 50% rent be charged?

My sister has lived in a property that was passed to us both in our parents' will. She has never offered to pay any rent in a mortgage-free house with her and her three children. This has been going ...
user122157's user avatar
13 votes
2 answers
3k views

Am I supposed to buy insurance when renting apartments in the US?

Are tenants supposed to have some kind of rented property damage insurance? What are the customs in the US? In other words: should I find an insurance company that covers expenses if I damage anything ...
stkvtflw's user avatar
  • 251
13 votes
7 answers
10k 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 ...
SNag's user avatar
  • 233
12 votes
2 answers
31k views

How to lower my rent when it is listed as less than what I am paying

I live in a large apartment complex that opened last year. I just moved in mid-July 2013 signing a 12-month lease. As of today, the apartment complex is about 30% occupied. There are many units ...
wwwuser's user avatar
  • 395
12 votes
4 answers
58k 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 ...
cecilgraham's user avatar
12 votes
3 answers
5k views

How to negotiate rent renewal when house prices are decreasing?

My rental contract is due for renewal in a few months. Currently, in the UK, house prices are decreasing, so it seems fair to ask for a slight decrease in rent to represent market rates. Ideally, I'...
renter_throwaway_76's user avatar
12 votes
4 answers
24k views

How much can I negotiate asking price on London rentals?

I'm moving to London soon and I'm trying to figure out how much higher, roughly are rent listings than the final rent landlords are expecting. Let's take as an example a 1-bed flat in East London ...
Vale's user avatar
  • 123
12 votes
4 answers
8k 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. (...
Andrew Cheong's user avatar
12 votes
3 answers
6k 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)...
Eric Seastrand's user avatar
12 votes
6 answers
16k 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?
Brian David Berman's user avatar
12 votes
3 answers
4k views

Tips for negotiating a rent increase (as a renter)

My landlord asked me today (via email) whether we plan to stay in the apartment and sign another lease in September. He mentioned there may be a small rent increase. He did not tell me what "...
Jeremy's user avatar
  • 1,033
11 votes
8 answers
16k 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 ...
ending4533's user avatar
11 votes
3 answers
5k views

Do I have to pay rent to my father when the home is owned by a family LLC I partially own? [closed]

I am inquiring about an LLC-owned property that I am renting. I, along with my three brothers, are owners of the LLC. My parents bought the house originally but then the LLC bought the property and ...
L.Schroeder's user avatar
11 votes
4 answers
8k views

Given this phrasing in the lease, when should I pay my rent?

It's the first time I have to pay the apartment rent myself and I have some doubts about when should I pay it. The lease states: ... at the latest of the 5th working day after the commencement of ...
wrong_path's user avatar
11 votes
3 answers
2k 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 ...
Chad Moran's user avatar
11 votes
4 answers
669 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 ...
Chelonian's user avatar
  • 2,197
11 votes
4 answers
7k 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 ...
Joe.E's user avatar
  • 6,080

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