The real estate bubble created a huge condo boom in areas like Miami. Now, builders are turning them into rentals and rent to owns. From Realtor.org
Of the 635 pre-construction sales recorded in 2005, only 200 ultimately closed, and only 33 percent of the available rentals have been taken so far.
Condo Vultures say Miami-Dade County’s Multiple Listing Service has 10,800 condos available for rent; and the number leased rose above 2,000 (more…)
There has been an up tick in people offering their homes for rent for the inauguration in January. For the most part, the hotels in the area are booked for the week. Now, if you look on Craiglist.org, you see a large amount of people offering their home for rent with some ridiculous weekly rents! (more…)
Step 1: Renting vs Selling - Analyze Your Situation
So you’re at the point where you are not sure what to do with your house. You are in a scenario where you either cannot afford the monthly mortgage payment or where you have to move, but your house is now worth less than your mortgage balance. What do you do? Let’s take a look to see if renting out your property would be a smart move. (more…)
Introduction - Economic Overview
This article is aimed at anyone who has bought a house in the past few years.
If you thought the 2007 real estate market was bad, what do you think of 2008? Forget about just the real estate market, what about the whole 2008 economy! Even Alan Greenspan admits that there were errors1 on the Fed’s part in regards to the current housing downturn and credit crisis. If we had just paid a little bit more attention to what Warren Buffet and Charlie Munger2 said in 2005, “he and Munger issued stern new warnings about the residential real estate ‘bubble’” and “the destabilizing effect of hedge funds on the financial markets.” (more…)
When times are tough, you have to do what can do to survive. And that is exactly what Toll Brothers is doing. The luxury homebuilder “has mounted rent-to-own programs in New York City; Singer Island, Florida; and Scottsdale, Arizona, under which tenants have time to rent while they consider buying.”
5. Whaley House
In 1852, Yankee Jim was convicted of grand larceny and sentenced to death by hanging. The hangman set the noose improperly, allowing Jim’s feet to graze the ground, prolonging the hanging process. In 1856, Thomas Whaley bought the land where Yankee Jim had been killed and built a house for his own family. According to the youngest Whaley daughter, she could hear the sound of boots clomping through the house (more…)
Yes and no. The following explains how a lease could link your roommate’s credit report and your credit report.
First off, when you apply to rent a property, the landlord or property manager will usually pull both your credit reports. The landlord or property is prescreening his perspective tenants to make sure they have a steady history of paying their bills, and paying them on time. Pulling your roommate’s credit report and your credit report will not link both credit reports. (more…)
Update: You can probably sleep sound tonight knowing that the granite countertops in your home will probably not give you cancer.
According to an article at Realtytimes.com,
the Marble Institute of America says such comments are “ludicrous” because, while granite is known to contain uranium (which can produce radon) and other radioactive materials like thorium and potassium, the amounts in countertops are not enough to pose a health threat.
The “E” word…EVICTION. This is what happens when a tenant stops making their rent payments. The landlord proceeds to file a formal court order to get the tenant out! So what is a constructive eviction?
A constructive eviction is quite the opposite of a regular eviction. It is the landlord’s fault, not the tenants! If a landlord maintains a rental property in an uninhabitable condition, he or she has constructively evicted the tenant from the property. (more…)
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