Questions tagged [rental-property]

Questions around the use of property that is rented to others.

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45
votes
7answers
5k views

In general, is it financially better to buy or to rent a house?

I know this differs from country to country, from person to person (depending on how much you already have saved), but I'm curious about the simplest example. Let's say I have little to no money. I ...
35
votes
8answers
5k views

What's the catch in investing in real estate for rent?

I can see a 2 bedroom, 2 bathroom $100k property on Zillow (est. mortgage $375/mo) next to a university so rent prospects are good. Rent estimate by Zillow, confirmed roughly by Craigslist: $972/mo. ...
46
votes
12answers
22k views

How much more than my mortgage should I charge for rent?

We're considering moving at some point in the future, and right now we have a mortgage on our home. So far we've been here about 3 years, and we're considering renting out our home. Obviously there ...
20
votes
7answers
31k views

What is a good rental yield?

If you are thinking of buying a property for investment purposes, what is a good gross yield? I've been told you should take 3 zero's off the price of the property, so if a property is worth 400,000, ...
15
votes
3answers
2k views

How to choose a good tenant as a private landlord?

I have 2 rental houses and am sick of the real estate agents providing such bad service. I have changed real estates 3 times over the past 5 years and I have come to the conclusion that I am the best ...
26
votes
16answers
10k views

How to best invest 90,000 EUR with zero knowledge in investing?

I have 90,000 EUR and difficulty figuring out what to do with it. This money is in a savings account with an interest rate of only 0.05%. Here in Netherlands, I pay around 600 EUR each year on this ...
10
votes
4answers
864 views

What to ask a tenant on a rental application to determine if their income is stable?

I have a residential rental unit standing empty now; the last tenant – the first I'd signed myself since buying the place – turned out bad. Thankfully, not in the tear-the-place-up sense, ...
12
votes
2answers
13k 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 ...
9
votes
5answers
21k views

Landlords: what's the maximum amount of time to allow a guest of tenant to stay in a rental?

As the title says, but with these details: I have a rental unit; this situation has come up with a potential tenant. This tenant has an adult daughter, who, the tenant volunteered, has an unstable ...
7
votes
6answers
670 views

Is it a good idea to buy a house with a low ARM monthly payment, then rent it out?

I'm looking around for houses in my college town to rent to others, and I've found a decent 4-bedroom house with an interest-only 5 year ARM monthly payment (of $1700). Assuming I have enough to ...
4
votes
3answers
2k views

Multiple people interested in an Apartment

I own a four family building which I am actively renting. Every time I go to rent it I raise the rent slightly and I check the comparables in the area to make sure I am still not pricing myself out ...
9
votes
5answers
2k views

Can one insure a home's AC unit?

My mother-in-law would like to insure her single family home AC unit while my wife and I are informally renting a room with her. Is this possible? Although the unit is 10 years old and runs fine, she ...
8
votes
3answers
488 views

Unusual real estate market with seemingly huge rental returns

Experts, we've lived all over the world for a year or two here and there. Presently I live in a central US urban region which leans to government-technology. Housing is tremendously cheaper here than ...
5
votes
1answer
2k views

US Citizen Buying Rental Property in Canada

I currently own a few rentals (town homes / condos) in the United States. I pay on average about 1% higher interest because it's not owner occupied. I have friends in Canada. I've been told there are ...
4
votes
1answer
86 views

Should you work out the yield on property or shares against the purchase price, or the current market price?

In What is a good rental yield?, there's some discussion about whether you should calculate yield by dividing the original purchase price, or the current market price. Which is the correct definition,...
4
votes
0answers
289 views

How does one calculate their AMT MAGI to determine their passive activity loss limitation?

The instructions for line 19 (passive activities) of Form 6251 (Alternative Minimum Tax) mention that you may need to do an AMT version of Form 8582 (Passive Activity Loss Limitations): Refigure ...
4
votes
3answers
1k views

Cash flow implications of converting primary mortgaged residence to rental

I'm considering the net monthly cost of moving from a mortgaged home to a rental, and converting my current primary residence to a rental property. (Note: the reason for renting instead of selling is ...
4
votes
1answer
351 views

How to protect yourself from a fake security deposit check?

I am subletting my place to someone on craigslist for the first time. The potential tenant and I have a dilemma. The tenant does not want to give me a check (with a security deposit and first months ...
3
votes
2answers
2k views

Minimize capital gains on sale of investment/rental property

I bought the property in 1979 for $40K. It was zoned R4 and was a duplex. Several years later, the city camein and did a blanket rezoning of the entire street to C-2. I shared the house/owner-occupied ...
2
votes
2answers
379 views

Is renting out a house still a lot of trouble if you rent through a real estate agency?

I often hear people speak about the difficulties of renting out a house, such as dealing with damage to the property, delinquent tenants, occupancy, etc. Where I live (the US), real estate companies ...
1
vote
1answer
141 views

Bookkeeping accounts for rent-to-own property

I own a house which I'm renting to tenants. We've entered a long-term rent-to-own contract, where the principle portion of each mortgage payment becomes potential equity for the tenant. How do I ...
1
vote
1answer
158 views

Should I rent out a home I own outright or one with a mortgage?

If I have two homes of equal value ($300K each) and one is paid off and other has a mortgage balance of $235K. I'd like to rent one of those out. Which one should give me the most advantages with ...
0
votes
2answers
274 views

How hard is it to rent an apartment with high assets, but little income?

Let's say someone has high assets (say, over a million), but currently has no salary, but do have passive (interest and dividends) income. How difficult would it be to rent an apartment? I've heard ...
-1
votes
4answers
590 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 ...