Questions tagged [rental-property]

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

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69 votes
11 answers
20k views

Why does it seem the best way to make a living is to invest in real estate?

I can't get past the idea that, if you work well in your job, you may get laid off or fired, and companies do not like to hire you when you get past the age 45 or 50. But if you invest in some houses ...
nonopolarity's user avatar
  • 1,593
54 votes
8 answers
27k views

Why is rent going up in an apartment complex with multiple units sitting unrented?

I'm moving to a new city at the end of the month and am looking for an apartment. I found a property that I like, but the rent was a little more than I wanted to pay. So I decided I would take a risk ...
user1543042's user avatar
50 votes
17 answers
24k views

Tenant wants to pay rent with EFT

I live in Kentucky, USA. I rent out a house in Alabama, USA. My tenant wants to pay rent using electronic funds transfer rather than by mailing a check. This makes it easier for him to get my payment ...
Engineer Toast's user avatar
48 votes
6 answers
8k views

Unexpected large rent payments, by moneygram, for my apartment, not by me

I'm used to scams where they ask you for moneygrams, but not the other way around. I applied for an apartment Oct 7th, and moved in Nov 13th. When I tried to pay December's rent, I saw that my ...
HammerN'Songs's user avatar
47 votes
12 answers
43k 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 ...
Wayne Werner's user avatar
  • 1,159
46 votes
7 answers
6k 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 ...
user avatar
42 votes
6 answers
10k views

Why invest in becoming a landlord?

One of the most recommended ways to invest one's money still is real estate. Sure there are different ways to invest in real estate, but why does it make sense financially to buy property and become a ...
sigy's user avatar
  • 533
35 votes
8 answers
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. ...
chx's user avatar
  • 656
30 votes
7 answers
7k views

Long Distance Landlording

I hate for this question to be overly general, but I think the problem is that I don't know what I don't know. My wife and I are thinking about becoming a long distance landlord/landlady, but having ...
ceiltechbladhm's user avatar
29 votes
5 answers
12k views

Should tenants pay for repairs if it's their fault?

Say a tenant accidentally flushed a hard object down the toilet, is it better for the tenant to take care of the plumber bill or call the landlord? Would this be good grounds for a rental raise in ...
Lightsout's user avatar
  • 2,043
29 votes
5 answers
4k views

Why are residential investment properties owned by non-professional investors and not large corporations?

This question is relevant for Australia but I would think that it would apply to other countries too. I've noticed that nearly all residential investment properties are owned by non professional ...
Joe.E's user avatar
  • 6,070
28 votes
2 answers
7k views

Charging the company I work for to rent from myself

I have a Vacation Rental By Owner (VRBO) rental in a city that the company I work for (large company - W2) requires I travel to regularly. I am authorized to use either hotels or VRBO/AirB&B ...
maplemale's user avatar
  • 1,541
28 votes
3 answers
10k views

My tenant wants to pay rent through their company: Should this raise a red flag?

I have a tenant in a residential rental property who wants to pay rent through their company. They are asking for my SSN because they say their CPA needs it. Should this raise any red flags?
Nathan's user avatar
  • 381
26 votes
16 answers
11k 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 ...
user1880405's user avatar
25 votes
4 answers
5k views

Letting Agent proposes relative to rent my house

We live abroad and rent out our family home in the UK. It is managed by a firm of Letting Agents with whom we have a good relationship. The current tenant is apparently about to give notice that they ...
user432's user avatar
  • 569
25 votes
3 answers
6k views

Better to rent condo to daughter or put her on title?

We're contemplating purchasing a small condo in MI for our daughter to live in while she goes to law school. This would be an all cash purchase, so no mortgage. If daughter is listed as a co-owner, ...
Barbara's user avatar
  • 259
23 votes
6 answers
6k views

Is this rental property worth keeping, or should I sell?

I became an accidental landlord, when I bought a house 3 years ago, and did not sell the house I had lived in for 10 years. Here are the facts: House purchased: $200,000 House Mortgage remaining: $...
Derek's user avatar
  • 865
22 votes
10 answers
13k views

Should I sell a 2nd home, or rent it out?

I have recently purchased a home which will presumably be my long-term residence. I have not yet sold my original home, and I am trying to decide whether I should rent it out, or sell it. The 1st ...
Derek's user avatar
  • 865
21 votes
7 answers
32k 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, ...
Joe.E's user avatar
  • 6,070
19 votes
3 answers
4k views

Is it possible to sell a rental property WHILE tenants are living there?

I am thinking about selling my rental property, but currently there are tenants living there. Is it possible to "hand over" the current leases to a buyer/landlord or do I have to wait for all the ...
user1068636's user avatar
17 votes
2 answers
3k views

As a private landlord, how can I choose a good tenant?

I have 2 rental houses and I'm sick of real estate agents who provide bad service. I have changed real estate brokers 3 times over the past 5 years and I have come to the conclusion that I am the best ...
user avatar
15 votes
5 answers
5k views

Why would my tenant want me, landlord, to buy his leasehold interest in my own property? [closed]

My lessee asked if I'm interested in buying his leasehold interest. He wants to sell his lease to the landlord, me. He's renting my detached house in Toronto until Jun 1 2024. He pays $9 000/month. I'...
user avatar
15 votes
7 answers
3k views

Is there any instance where less leverage will get you a better return on a rental property?

The larger a mortgage I have on a property the less money I have to put up front so my initial cash flow is worse but my cap rate and overall return is better. However the larger my down payment the ...
LCIII's user avatar
  • 591
15 votes
4 answers
2k views

How much should I, as a landlord, save up for property renovations?

I co-own a set of rental properties in California with a family member. Rent control is set at 5%, though there are exceptions in our location if you improve a unit -- under those circumstances, you ...
fox's user avatar
  • 429
15 votes
1 answer
431 views

At what point did my former primary residence become an income property?

Last year we bought another house (and moved into it as our primary residence). Rather than sell our previous house, we opted to keep it and rent it out. Since the tax treatment for rentals is ...
mbhunter's user avatar
  • 24.7k
15 votes
3 answers
1k views

If a tenant makes a capital improvement to a leased property, is that income to the landlord?

If a tenant makes a capital improvement to a leased property, is that income to the landlord? For example, let's say I am renting a house to a family and at their own expense they build an addition ...
Five Bagger's user avatar
  • 9,785
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
14 votes
5 answers
4k views

What are the pros and cons of buying a house just to rent it out?

My situation is that I'm 23 and have about $4k a month of spare income after everything. I'm considering buying a house in the area I come from, a relatively cheap area where I have friends who bought ...
temporary_user_name's user avatar
14 votes
3 answers
1k views

My landlord is being foreclosed on. Should I confront him?

I just found out that my landlord is being foreclosed on. My lease agreement runs out at the end of this month, but I had, through email, agreed to stay for another year (no new contract was signed). ...
John's user avatar
  • 141
13 votes
8 answers
7k views

How much income am I getting by renting my house?

I am moving from Portland, OR to SF Bay area and therefore contemplating whether to sell or rent the house. I am not planning to move back to this house. Property details: Bought for : $267,000 Paid ...
user1200373's user avatar
13 votes
3 answers
4k views

Do I owe a finders fee to my tenant's broker if they didn't bring me the referral?

I am currently using a broker to help me find new tenants for my rental home. Currently, she has only advertised the home on Craig's list. However, at an open house that she was hosting for another ...
Terry's user avatar
  • 131
13 votes
5 answers
2k views

Avoid Capital Gains on Rental

I bought my first house in May 2012. I moved into my second (current) house in November 2014. After I moved out of my first house, I began doing repairs on it, and started renting it out around May of ...
Hoopdady's user avatar
  • 231
12 votes
2 answers
27k 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
  • 385
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
11 votes
7 answers
6k views

As a landlord, should I refuse a rental reference for a tenant who damaged the unit? (Fixing the damage was covered by the deposit.) [closed]

For reference: I had a tenant for 2 years in my 1 bedroom apartment with her cat. Her lease is expiring and I will not renew it because my son needs a place for college. However, the cat absolutely ...
Joseph Simmons's user avatar
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
4 answers
5k views

Should I sell my apartment for 112% of buying cost or rent it out for 8% annually?

I currently own the following apartment: Cost when I bought it: 40K Mortgage left: 30K Annual Interest: 2% (fixed) Current estimated value: 45K (I believe I can sell it ...
Adam's user avatar
  • 221
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
  • 6,070
11 votes
4 answers
1k 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, ...
Patches's user avatar
  • 3,501
10 votes
9 answers
5k views

23 Years Old, With No Debt. Invest into Rental Properties or 401K?

I am 23 years old and selling my Sports Car/Winter Car to gain economic freedom faster (Don't really need to do this, but I want to). Currently I make around 65K a year and bought a very cheap trailer ...
Aszula's user avatar
  • 597
10 votes
2 answers
3k views

How likely is it that a rental property can have a better ROI than stock market if I have to use a property management company?

I'm in the USA and have a good amount of money available to me and I'm willing to accept high risk when investing, as long as the ROI justifies it. I've toyed with buying a rental property, but I'm ...
dsollen's user avatar
  • 1,196
10 votes
4 answers
3k views

Will we have trouble getting a mortgage for our second home if we keep our first to rent out?

My wife and I are currently saving for a home. We currently own a small condo, which we would like to keep as a rental unit once we purchase the second home. Currently our home costs are under 12% ...
Scott's user avatar
  • 854
10 votes
2 answers
890 views

Short-sell, or try to rent out?

I'm currently considering taking a job in another state, and I currently own a home that's up-side down in it's mortgage. I'm trying to figure out what I would do with my home in the event that I move....
PearsonArtPhoto's user avatar
10 votes
1 answer
172 views

Can I take a deduction for expenses associated with an investment property I didn't buy?

I own a couple of rental homes that are very cash flow positive, so I was looking to buy another investment property. I found a duplex and put a contract on it, but based on the inspector's report I ...
JohnFx's user avatar
  • 53k
10 votes
3 answers
542 views

Will it be financially advantageous to rent out my condo on AirBnb?

I'm considering renting out my furnished 2BR/2BA condo as a daily rental. It is close to hospitals and is in Little Rock, Arkansas. I don't expect to make enough money to pay all the expenses ...
Toni P's user avatar
  • 101
9 votes
7 answers
4k views

Does it make sense to get a second mortgage on a second property for Buy to Let

I am a UK resident and home-owner with a mortgage that is 2.5 times my pretax annual salary. Having investigated the price of my home now since I bought it, I was pleasantly surprised by the return on ...
Leonhard Euler's user avatar
9 votes
6 answers
7k views

Should I move out from my current apartment before the contract ends to save more money?

I'm renting a room at $800 per month. I've lived here 2 months and I have a contract of 12 months. So, I have 10 more months before the contract ends. I have deposited $1300 as a security deposit. ...
Aqee's user avatar
  • 117
9 votes
5 answers
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 ...
Steve Clay's user avatar
9 votes
2 answers
4k views

Can I put my rental in a trust and have the trust sell it?

I probably am not the first to think of this and the IRS most likely has this covered but if one wanted to put their rental into a trust and then have the trust sell it, would they save on taxes since ...
Mr Monee's user avatar
  • 462
9 votes
5 answers
22k 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 ...
Patches's user avatar
  • 3,501

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