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Thank you for visiting our rental site. We have compiled a list of house rental resouces along with information on how to rent an apartment, the best way to find houses for rent, and articles on rental real estate, house rental investments, and tips on when to sell your house and when to rent your house. Please visit our home rental resources and let us know if there are any other great house rental sites out there that we may have missed.
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RentalPad.org
Here is a list of popular rental searches:
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equity apartments com
furnished house rentals
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weekly house rentals
www homerent ca
LETTER: Benefits of low-rent housing
Mrs J. D. Kent
From Mrs J. D. Kent
Sir: Nicholas Timmins's article today ("One in four families on means- tested benefits", 19 August) fails to mention what is surely a major cause of the increase in reliance on means-tested benefits, namely the decrease in the availability of low rent (council) housing since 1979 as the result of the sale of council housing and other Conservative housing policies.
Current government housing policy has the following results:
1. Many householders who would have previously paid full rent on council accommodation now have to seek housing benefit to enable them to pay much higher "market" rent on private rented accommodation.
2. Couples who might have obtained council accommodation 20 years ago now stretch themselves financially to buy - there is no practical choice. When one of them becomes unemployed, one income is insufficient for them to live on, whereas, 20 years ago, it would have sufficed to pay a modest council rent. In the absence of a mortgage benefit, the other has to give up work too, to get help to pay the mortgage.
It is very, very difficult for those with modest earnings or earning capacity and high housing costs to lose dependence on benefits.
Money ought to be found to provide low-rent housing for those who need it - this would encourage self-reliance in a way the current system does not, and surely the cost could not be more than the current housing benefit system, which allows some private landlords to charge excessive rents.
Yours faithfully,
J. D. Kent
Oxford
19 August
Copyright 1995 Newspaper Publishing PLC
Provided by ProQuest Information and Learning Company. All rights Reserved.
Don't Sell Your House--Ever!
Keeping your existing house when you buy a new one could be THE most profitable financial decision you could make. Consider the following:
1. Second stream of income: When you move to another place and keep your current house as a rental, this gives you an extra stream of income.
2. Pay less tax: Your rental property produces business income. When you have a business, you are entitled to tax write-offs. This could save you a lot of money that you would normally pay to CCRA (Revenue Canada).
3. Fast wealth: Tenants will pay off your mortgage in a rental property. Your net-worth will grow without you having to save out of your own income. When you have one or more tenants there is a team effort in building your wealth, fast!
4. Bargain priced: You will never again be able to buy the same type of property for the amount you paid for it originally. The value of all the other houses have gone up along with yours. You already own what an investor would consider a bargain in the current market.
5. High rate of return: The rent you can charge for your house is based on the current market. Rents have gone up but the cost of your house is still what you originally paid for it. You are getting a higher return on investment. In the current market you would have to spend a lot more to get the same rental income.
6. Guaranteed income: If you are willing to make some small changes to your house so it meets the standards required for disabled people, you will have a long list of potential tenants waiting for you. In many cases, some government agency will be paying their rent. You will get a good, stable, low-maintenance tenant. You will also be helping someone in need. If you need money for the renovations, you can re-finance as much as 90% to 100% of the market value of your house. Government grants may also be available.
7. Increased tax write-offs: In most cases, you can write off the interest paid on the mortgage of a rental property. If you keep the mortgage as high as possible, you maximize the tax write-offs.
8. Pay off your own home faster: Keep the mortgage on the rental property as high as possible by re-financing to the max as the value goes up. Use that equity to pay off the home you live in, faster.
9. Tax-free retirement income: After your house is paid off quickly by using the equity in the rental property, you may be able to use the refinanced cash as a tax-free retirement income. Borrowed money may or may not be taxable. Check with your accountant.
10. Gain freedom from the slavery of a J.O.B.: It takes far less time to maintain rental properties than the amount of time you would spend in a job. If you build up your portfolio of rental properties to 5 or 10 and pay them off (or keep refinancing), you will have as much or more income than your present job. You can be your own boss, work only a few hours, spend time with your family, and really enjoy your life.
These strategies will not work for everyone. Before you implement your plans, check with an accountant, lawyer, mortgage broker or other professional. You may need to work with someone. Use your children, parents, brothers, sisters, good friends as a co-signer or co-investor. Grow wealthy together, with the people you love.
To qualify for the lowest mortgage rate in Canada, go to http://www.mortgage-rate-canada.com and click on Canadian "Mortgage Calculators". Check out the "Pre-Approvals" and "Credit Problems" pages to get the banker's perspective on your credit profile.
For ideas on how to set up a reliable monthly income from rental properties when you have very little time or money go to: http://www.netman-ecommerce-guru.com/rental-strategies
Warm Regards,
Neeraj Varma
Short note about the author
Get the inside scoop on what it takes to qualify for the lowest mortgage rates in Canada - (http://www.mortgage-rate-canada.com). For personal service apply online.
People frequently want to know if there is a BEST TIME OF YEAR to rent an apartment to SAVE MONEY. Before I got into what I do now, I used to think that was a silly question...isn't it basically "whenever you need it is the best time to rent?" In other words, if school is about to start in August, go in July to rent!
After spending some time in the profession, I discovered that there typically IS a better time to rent, if you have some patience and diligence to follow it. This is not a sure fire formula for getting exactly what you want, but if you follow these suggestions, you will get closer to the apartment you want and for LESS! I have seen this work for premium apartments, as well as for medium cost apartments.
First, SUMMER may seem like the time to rent. Apartments LOVE summer months, because it seems like nearly everyone is getting a new place during those months. Thus, apartments will often promote "SPECIALS" that seem pretty extraordinary during those times. However, what I have found is that the SPECIALS are based off of the MARKET RENT at the time. In the summer, the market rent is the HIGHEST of any time of the year. Thus, a 10% reduction during the summer could be the same as an 8% rent reduction in the fall.
Stated more bluntly, apartments typically raise rent prices in the summer, and then will give specials off of the higher price. Apartments need to be competitive, so they will appear to be giving huge specials, but it will again be based off of a higher market price.
Second, FALL/CHRISTMAS may seem to some like a great time to rent. This is more the truth. The season between September (the month with the lowest prices typically) and December are the lowest amount of activity with apartments. Thus, they will typically drop their market rents and then also have specials with those prices. Starting the first of the year, activity picks up, and this market rents can increase and specials can decrease.
Another factor to consider, which is not necessarily seasonal, is this: Is the property a new property? New properties are typically the best deals of all, no matter what time of year...because owners of the new properties need to generate instant income to start paying back all of the investment, so they will offer low prices to fill their buildings. I always make recommendations for clients to choose a new building because of this...not to mention the wonderful, new features and amenities typically found in new apartments!
Author:Grant Bynum - ApartmentSneakPeeks.com - Copyright 2007 grant@apartmentsneakpeeks.com or 214.492.9791 ApartmentSneakPeeks.com
Related Articles - apartment locating, apartment, urban apartment, loft apartment,
When renting out house is unethical
--------------------------------------------------------------------------------
http://www.inman.com/inmaninf/storyxml/news/40638
Thursday, March 27, 2008
Homeowner facing foreclosure hopes to keep bad news secret
Ilyce Glink
Inman News
Q: Do I have the right to rent out a property that is subject to foreclosure without telling the new tenant about the foreclosure but stipulating a notice period of one month to vacate the property? Does a Realtor marketing the property need to be made aware of the foreclosure lawsuit?
A: You may have the right to rent out your property that is subject to the foreclosure, but if I were the tenant moving in to your home, I sure would want to know that I might have to move out in a short period of time.
Nothing is worse than having a landlord tell you one thing, then paying for movers and other expenses to move into a new home, only to find out that you have to move out in a month or two.
Although you didn't say so in your letter, I'm guessing that you're losing the property to foreclosure and have likely stopped paying your lender each month. Now you want to rent the property to someone who has no interest in becoming involved in the foreclosure. He or she wants only a place to live.
Are you planning to use the rental money to pay the lender? If not, it seems highly unethical to rent the home, pocket the money from the tenant and then have the tenant forced out when the lender takes over the property in short order. Would you want to be treated like that?
Your Realtor should know about the foreclosure. It's quite likely that he will work hard trying to find a tenant for the property, may even find one, and then the deal will fall apart when the sheriff arrives at the home to clear it out and give it to the lender.
If you're upfront with the Realtor and the tenant, and the tenant decides to use the home for a short-term rental, that's fine. But it's up to the tenant to make that choice.
Your job is to be honest when marketing the home.
Q: We bought a timeshare through a company in Minnesota. After buying it, my husband had a neck injury and is now disabled. He was unable to work and we got behind on our maintenance payments. I made arrangements to get the fees caught up but just found out through the paper that the timeshare company filed for bankruptcy. They notified us that this transpired but they are closed for business.
Are we obligated to continue making these payments? If we don't make the payments, what would happen to our timeshare? We'd like to sell but have not been successful in doing so because of the bankruptcy.
A: The turbulent real estate market doesn't just affect home buyers and sellers. As you, and many others, have discovered, it can affect ancillary businesses as well, such as your timeshare management company.
Nonetheless, you own an interest in a timeshare development. With that ownership interest comes certain responsibilities. One of those responsibilities is to pay your monthly maintenance expenses, real estate taxes and other fees associated with the timeshare.
While the timeshare developer or the timeshare operator might have filed for bankruptcy protection, your financial obligations will continue. If the timeshare developer is in financial trouble, you may experience problems with the overall experience of owning your timeshare. If you purchased your unit early on, and there are many units left to be sold, you may be in a precarious position.
If the building is not completed and there are units left to be finished and sold, the timeshare developer may never be able to finish the development. That would be terrible for you, unless some other timeshare developer comes in to finish the project.
But, if during bankruptcy, a new developer comes in and sells out the remaining units at a fraction of what you paid, you may never get your money out of this purchase.
If the development is substantially finished, the impact of the timeshare developer's filing for bankruptcy protection may be limited. There could be a cloud hanging over your development, but that may not last long as people use the development and see that it is a good place to go and stay.
If your timeshare management company has filed for bankruptcy protection, you want to make sure that the building and its amenities are maintained and the upkeep of the building is good. You and other owners need to make sure you follow up with the management company and the bankruptcy court to ensure that the standards for your building are being kept. If they're not, you might have to band together to hire another timeshare management company to come in and take over the management of your building.
The trustee in the bankruptcy proceedings may try to have a replacement company buy the assets of the company now in bankruptcy and find a company willing to manage your building.
You will need to obtain more information about the bankruptcy proceedings and make sure that money owners paid for the operations and maintenance of the building will be applied to the needs of the building. You should also make sure someone is representing the interests of the owners in court.
Finally, unless there are quite unusual circumstances, the bankruptcy court should not end your ownership interest in the timeshare, but you will have to continue to pay the monthly or annual expenses that you owe.
If, for some reason, your purchase of the timeshare interest was not papered properly or your interest is junior to other creditors, you could lose your interest in the timeshare.
Please talk to an attorney for more details.
To get even more valuable advice from Ilyce, visit her Personal Finance and Real Estate Center.
***
What's your opinion? Leave your comments below or send a letter to the editor. To contact the writer, click the byline at the top of the story.
Copyright 2008 Ilyce R. Glink
Thanks,
RentalPad.org
Here is a list of popular rental searches:
apartment for rental
apartments rent furnished
arizona homes for rent
atlanta homes for rent
az homes for rent
bc apartment rentals
beach house rentals
bounce house rental
calgary apartments rent
condos to rent
equity apartments com
furnished house rentals
georgia homes for rent
georgia rental homes
guest house for rent
guest houses for rent
home rent
home rental
home rental agencies
home rental properties
home rentals
homerent ca
homerent calgary
homes for rent
homes for rent by owner
homes for rent in calgary
house for rent in
house for rent section 8
house home rent
house rental
house rental agreement
house rentals
house to rent
houserentals
houserentals ca
houses for rent
houses for rent calgary
lake house rentals
las vegas homes for rent
lowincome apartments com
michigan homes for rent
mikes apartments com
mobile home rental
mobile homes for rent
nc homes for rent
new home for rent
new jersey rent
ohio homes for rent
pet friendly condos
pet friendly rent
pet friendly rentals
private house rentals
real estate rentals
rent condos
rent homes
rent in house
rental homes
rental homes com
rental homes in atlanta
rental houses com
rental properties
san diego rentals
section 8 for rent
section 8 rent
short term rent
texas homes for rent
toronto condo rent
townhouse for rent
townhouse rentals
utah homes for rent
weekend house rentals
weekly apartment rentals
weekly house rentals
www homerent ca
LETTER: Benefits of low-rent housing
Mrs J. D. Kent
From Mrs J. D. Kent
Sir: Nicholas Timmins's article today ("One in four families on means- tested benefits", 19 August) fails to mention what is surely a major cause of the increase in reliance on means-tested benefits, namely the decrease in the availability of low rent (council) housing since 1979 as the result of the sale of council housing and other Conservative housing policies.
Current government housing policy has the following results:
1. Many householders who would have previously paid full rent on council accommodation now have to seek housing benefit to enable them to pay much higher "market" rent on private rented accommodation.
2. Couples who might have obtained council accommodation 20 years ago now stretch themselves financially to buy - there is no practical choice. When one of them becomes unemployed, one income is insufficient for them to live on, whereas, 20 years ago, it would have sufficed to pay a modest council rent. In the absence of a mortgage benefit, the other has to give up work too, to get help to pay the mortgage.
It is very, very difficult for those with modest earnings or earning capacity and high housing costs to lose dependence on benefits.
Money ought to be found to provide low-rent housing for those who need it - this would encourage self-reliance in a way the current system does not, and surely the cost could not be more than the current housing benefit system, which allows some private landlords to charge excessive rents.
Yours faithfully,
J. D. Kent
Oxford
19 August
Copyright 1995 Newspaper Publishing PLC
Provided by ProQuest Information and Learning Company. All rights Reserved.
Don't Sell Your House--Ever!
Keeping your existing house when you buy a new one could be THE most profitable financial decision you could make. Consider the following:
1. Second stream of income: When you move to another place and keep your current house as a rental, this gives you an extra stream of income.
2. Pay less tax: Your rental property produces business income. When you have a business, you are entitled to tax write-offs. This could save you a lot of money that you would normally pay to CCRA (Revenue Canada).
3. Fast wealth: Tenants will pay off your mortgage in a rental property. Your net-worth will grow without you having to save out of your own income. When you have one or more tenants there is a team effort in building your wealth, fast!
4. Bargain priced: You will never again be able to buy the same type of property for the amount you paid for it originally. The value of all the other houses have gone up along with yours. You already own what an investor would consider a bargain in the current market.
5. High rate of return: The rent you can charge for your house is based on the current market. Rents have gone up but the cost of your house is still what you originally paid for it. You are getting a higher return on investment. In the current market you would have to spend a lot more to get the same rental income.
6. Guaranteed income: If you are willing to make some small changes to your house so it meets the standards required for disabled people, you will have a long list of potential tenants waiting for you. In many cases, some government agency will be paying their rent. You will get a good, stable, low-maintenance tenant. You will also be helping someone in need. If you need money for the renovations, you can re-finance as much as 90% to 100% of the market value of your house. Government grants may also be available.
7. Increased tax write-offs: In most cases, you can write off the interest paid on the mortgage of a rental property. If you keep the mortgage as high as possible, you maximize the tax write-offs.
8. Pay off your own home faster: Keep the mortgage on the rental property as high as possible by re-financing to the max as the value goes up. Use that equity to pay off the home you live in, faster.
9. Tax-free retirement income: After your house is paid off quickly by using the equity in the rental property, you may be able to use the refinanced cash as a tax-free retirement income. Borrowed money may or may not be taxable. Check with your accountant.
10. Gain freedom from the slavery of a J.O.B.: It takes far less time to maintain rental properties than the amount of time you would spend in a job. If you build up your portfolio of rental properties to 5 or 10 and pay them off (or keep refinancing), you will have as much or more income than your present job. You can be your own boss, work only a few hours, spend time with your family, and really enjoy your life.
These strategies will not work for everyone. Before you implement your plans, check with an accountant, lawyer, mortgage broker or other professional. You may need to work with someone. Use your children, parents, brothers, sisters, good friends as a co-signer or co-investor. Grow wealthy together, with the people you love.
To qualify for the lowest mortgage rate in Canada, go to http://www.mortgage-rate-canada.com and click on Canadian "Mortgage Calculators". Check out the "Pre-Approvals" and "Credit Problems" pages to get the banker's perspective on your credit profile.
For ideas on how to set up a reliable monthly income from rental properties when you have very little time or money go to: http://www.netman-ecommerce-guru.com/rental-strategies
Warm Regards,
Neeraj Varma
Short note about the author
Get the inside scoop on what it takes to qualify for the lowest mortgage rates in Canada - (http://www.mortgage-rate-canada.com). For personal service apply online.
People frequently want to know if there is a BEST TIME OF YEAR to rent an apartment to SAVE MONEY. Before I got into what I do now, I used to think that was a silly question...isn't it basically "whenever you need it is the best time to rent?" In other words, if school is about to start in August, go in July to rent!
After spending some time in the profession, I discovered that there typically IS a better time to rent, if you have some patience and diligence to follow it. This is not a sure fire formula for getting exactly what you want, but if you follow these suggestions, you will get closer to the apartment you want and for LESS! I have seen this work for premium apartments, as well as for medium cost apartments.
First, SUMMER may seem like the time to rent. Apartments LOVE summer months, because it seems like nearly everyone is getting a new place during those months. Thus, apartments will often promote "SPECIALS" that seem pretty extraordinary during those times. However, what I have found is that the SPECIALS are based off of the MARKET RENT at the time. In the summer, the market rent is the HIGHEST of any time of the year. Thus, a 10% reduction during the summer could be the same as an 8% rent reduction in the fall.
Stated more bluntly, apartments typically raise rent prices in the summer, and then will give specials off of the higher price. Apartments need to be competitive, so they will appear to be giving huge specials, but it will again be based off of a higher market price.
Second, FALL/CHRISTMAS may seem to some like a great time to rent. This is more the truth. The season between September (the month with the lowest prices typically) and December are the lowest amount of activity with apartments. Thus, they will typically drop their market rents and then also have specials with those prices. Starting the first of the year, activity picks up, and this market rents can increase and specials can decrease.
Another factor to consider, which is not necessarily seasonal, is this: Is the property a new property? New properties are typically the best deals of all, no matter what time of year...because owners of the new properties need to generate instant income to start paying back all of the investment, so they will offer low prices to fill their buildings. I always make recommendations for clients to choose a new building because of this...not to mention the wonderful, new features and amenities typically found in new apartments!
Author:Grant Bynum - ApartmentSneakPeeks.com - Copyright 2007 grant@apartmentsneakpeeks.com or 214.492.9791 ApartmentSneakPeeks.com
Related Articles - apartment locating, apartment, urban apartment, loft apartment,
When renting out house is unethical
--------------------------------------------------------------------------------
http://www.inman.com/inmaninf/storyxml/news/40638
Thursday, March 27, 2008
Homeowner facing foreclosure hopes to keep bad news secret
Ilyce Glink
Inman News
Q: Do I have the right to rent out a property that is subject to foreclosure without telling the new tenant about the foreclosure but stipulating a notice period of one month to vacate the property? Does a Realtor marketing the property need to be made aware of the foreclosure lawsuit?
A: You may have the right to rent out your property that is subject to the foreclosure, but if I were the tenant moving in to your home, I sure would want to know that I might have to move out in a short period of time.
Nothing is worse than having a landlord tell you one thing, then paying for movers and other expenses to move into a new home, only to find out that you have to move out in a month or two.
Although you didn't say so in your letter, I'm guessing that you're losing the property to foreclosure and have likely stopped paying your lender each month. Now you want to rent the property to someone who has no interest in becoming involved in the foreclosure. He or she wants only a place to live.
Are you planning to use the rental money to pay the lender? If not, it seems highly unethical to rent the home, pocket the money from the tenant and then have the tenant forced out when the lender takes over the property in short order. Would you want to be treated like that?
Your Realtor should know about the foreclosure. It's quite likely that he will work hard trying to find a tenant for the property, may even find one, and then the deal will fall apart when the sheriff arrives at the home to clear it out and give it to the lender.
If you're upfront with the Realtor and the tenant, and the tenant decides to use the home for a short-term rental, that's fine. But it's up to the tenant to make that choice.
Your job is to be honest when marketing the home.
Q: We bought a timeshare through a company in Minnesota. After buying it, my husband had a neck injury and is now disabled. He was unable to work and we got behind on our maintenance payments. I made arrangements to get the fees caught up but just found out through the paper that the timeshare company filed for bankruptcy. They notified us that this transpired but they are closed for business.
Are we obligated to continue making these payments? If we don't make the payments, what would happen to our timeshare? We'd like to sell but have not been successful in doing so because of the bankruptcy.
A: The turbulent real estate market doesn't just affect home buyers and sellers. As you, and many others, have discovered, it can affect ancillary businesses as well, such as your timeshare management company.
Nonetheless, you own an interest in a timeshare development. With that ownership interest comes certain responsibilities. One of those responsibilities is to pay your monthly maintenance expenses, real estate taxes and other fees associated with the timeshare.
While the timeshare developer or the timeshare operator might have filed for bankruptcy protection, your financial obligations will continue. If the timeshare developer is in financial trouble, you may experience problems with the overall experience of owning your timeshare. If you purchased your unit early on, and there are many units left to be sold, you may be in a precarious position.
If the building is not completed and there are units left to be finished and sold, the timeshare developer may never be able to finish the development. That would be terrible for you, unless some other timeshare developer comes in to finish the project.
But, if during bankruptcy, a new developer comes in and sells out the remaining units at a fraction of what you paid, you may never get your money out of this purchase.
If the development is substantially finished, the impact of the timeshare developer's filing for bankruptcy protection may be limited. There could be a cloud hanging over your development, but that may not last long as people use the development and see that it is a good place to go and stay.
If your timeshare management company has filed for bankruptcy protection, you want to make sure that the building and its amenities are maintained and the upkeep of the building is good. You and other owners need to make sure you follow up with the management company and the bankruptcy court to ensure that the standards for your building are being kept. If they're not, you might have to band together to hire another timeshare management company to come in and take over the management of your building.
The trustee in the bankruptcy proceedings may try to have a replacement company buy the assets of the company now in bankruptcy and find a company willing to manage your building.
You will need to obtain more information about the bankruptcy proceedings and make sure that money owners paid for the operations and maintenance of the building will be applied to the needs of the building. You should also make sure someone is representing the interests of the owners in court.
Finally, unless there are quite unusual circumstances, the bankruptcy court should not end your ownership interest in the timeshare, but you will have to continue to pay the monthly or annual expenses that you owe.
If, for some reason, your purchase of the timeshare interest was not papered properly or your interest is junior to other creditors, you could lose your interest in the timeshare.
Please talk to an attorney for more details.
To get even more valuable advice from Ilyce, visit her Personal Finance and Real Estate Center.
***
What's your opinion? Leave your comments below or send a letter to the editor. To contact the writer, click the byline at the top of the story.
Copyright 2008 Ilyce R. Glink