Personal Finance and Money Stack Exchange
Personal Finance and Money Stack Exchange

Questions tagged [rental-property]

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

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

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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 that it would be leased out and let the rent…
user1543042
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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 (say) SF or NY or Paris. You can get a perfectly…
Fattie
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Wait for the perfect tenant or lower the price?

I bought a two-family investment property. Each apartment has four large bedrooms and contains more than 2000 square feet. That makes it about twice as large (in terms of number of bedrooms as well as square footage) as the typical rental in my…
painter48179
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Single vs. multi-family investment properties

I own a few rental properties in my town and am looking to purchase more. All of my current rentals are two- or three-family detached houses. The cost of multi-family houses locally has shot up recently, however, and single-family homes are now…
painter48179
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what is the best way to legally rent out a parking spot?

I recently purchased a condo. Since I do not have a car, I would like to rent out the parking spot. Now, i can simply put an ad in the notice board and make a deal with some one willing to rent it. But since the cond corp does not offer any…
Victor123
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How common is it to purchase property where total monthly costs is less than or equal rental income?

I always hear about people purchasing rental properties, but most of the time it seems like the rental income is only about half the total cost (mortgage interest + HOA + taxes + repairs etc). How common is it to purchase rental property where this…
JobHunter69
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Diagnostic Questions to Determine if Renter intends to pay

CONTEXT As a landlord, what are the proper diagnostic questions to ask a renter that is behind on rent and does not deliver on promises? The context is Florida and the renter is my sister's responsibility to vet and manage. It becomes old when a…
gatorback
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Why do people talk about "buying versus renting"? Why can't people do both?

I have heard of people having to choose between buying a property versus renting a property. Yet that seems like a weird dichotomy for me. Couldn't you do both? Buy a property and rent it out to someone else. Use the rental income to pay for your…
Left SE On 10_6_19
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Company Paying Rent for Tenant

I have a rental home in AZ. An individual wants to have the company he works for pay the rent. Is this risky for me the landlord? What would his company require from me tax-wise? Are they going to issue me a 1099? This is new territory for me and I…
Linda
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How to treat disposal of rental property appliance

I disposed of a broken washing machine in a rental property and purchased a new one. My question is how to handle the disposal of the old one. Should it show up on form 4797 in Part I or Part III or somewhere else? If on 4797 should it have $0 sale…
Rentalnovice
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How do new apartments affect rental rates in a city?

I live in a small city of about 25,000 people in the United States. Much of the existing housing stock in the urban core/downtown area is old (100 years or older) and in average condition. Recently, the city approved plans by a few developers to…
painter48179
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Should I sell my rental property or keep it if it has mold growth problems?

I bought a foreclosed home all cash for $165,000 (no mortgage) so that I could use it as a rental property. It had some mold growth in the basement and I thought it was something I could fix by ripping down the wall, applying anti-microbial formula…
user1068636
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Rental Property - have someone look for you

My issue is that I live in a city where good rental properties are gone within the first couple hours of being posted... and I'm working all the time. Can I pay someone to check everywhere, check out the place in person and quickly get an…
Kellen Stuart
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How to properly split the rent/utilities

I'm confused on the order I'm supposed to calculate all of these values between me and my roommate. Rent agreement: We split the rent, utilities and internet but I pay $30 extra for the bigger room and $50 for the storage…
Jared Dunham
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Broken Lease agreement need guidance

I need some guidance. I will list the specifics. I have tenants that have rented from me for 2 years and 9 months presently they have chose to not communicate with me and are moving out with three months left on the lease. I sent the lease to them…
Tim Bailey
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