Renting !
Tue, 09/28/2010 - 21:21
by iswim2011Why is it that when you want to rent a place you have all on to find any where at all.
You spend time asking friends and family if you have any or anyone for that matter.
Friends of mine had been looking for somewhere to rent in there area due to there needs changing and hell could they find any where and right at the last minute they found some where and got a good place.
What totally amazes me is even when your not on the look out for places to rent for friends you see loads of stuff advertised weather it be in a local paper, an estate agents window or on some board in the supermarket.
My friends even told me that they have seen no end of places come up for rent its like they seem to come out of the wood work al of a sudden.
Dose anyone else notice this pattern going off or may be am I just really board or going board
I thought I would put this up for just general interest really.
Marcus
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Renting????????
Help! Me and my sister where thinking of getting a mortgage and moving out together and into the same flat although we arent sure if moving into together with a mortgage is wise!
Would i not be throwing away money if we were to rent? help!
renting will give you the experience and skills you vitally need to buy a permanent place. I'm guessing your still young and see this as an adventure.buying a property should only be a necessity or an investment,buying property with someone who in the long run will go their separate way isn't 100% wise. rent for 6-12 months and enjoy the freedom of being able to move on, also with a mortgage you have to keep up wth the repairs and maintenance,with renting your landlord does all that for you.good luck in whatever you decide.What is the tax on money earned from renting a room during the Olympics?
I am considering renting a room in my house during the Olympics and Paraolympics.
That will be a total of 29 days.
This year, without any money from renting, I will earn just slightly above the personal allowance.
Apply for exemption using HMRC's "Rent a room" scheme. You should pay no tax unless you have found someone willing to pay £1000 a week!!!!How much money can i make by renting fruit machines to pubs and clubs?
I am thinking of buying and renting fruit machines to pubs and clubs and spliting the profit made from each machine with them?
I would like to know how much money can be made from doing this?
Thanks for any advice in advanced!
If the pubs go for it, you can make some money. It depends on how busy the pubs are and how many people play the machines. Most machines are set for about a 3% to 5% payoff for the owner.Is renting a motor home in the Republic of Ireland advisable?
I am very interested in renting a motorhome and seeing ireland, there are also festivals to attend but have heard that the roads are quite difficult in ireland, especially for a big vehicle. anyone has any experience with this?
Im all for a camper van but am worried as to where to park, can i jsut park anywhere? Anyone has any suggestions as to rental companies? Im looking for campervans with automatic transmission if possible! thanks!
Many of the rural roads are single track and very narrow with grass growing in the middle lol. Most of the roads where I live are like that. Some roads like the Healey pass and Connor pass near the coast in Kerry you would not want to go up in a motor home but generally in the villages and towns you'd be fine I'm sure.What will happen to us if our renting agency goes into administration?
We rent the house we live in house through an agency and have just been told that they are calling in the administrators. What will happen to us? And what does it even mean? We have a deposit on our place that we were hoping to get back when we move, will we still get that back? I'm a bit worried as we have 2 young children and need to know we are safe, or at least be prepared for what may happen. We have no way of contacting the landlord directly as it all goes through the renting agency. Can anybody help please?
a couple of things will happen but your tenancy remains valid. The agreement is not between you and the agency, it is between you and the landlord, the agent may be listed as agents of the landlord to act in a Property Management role but beyond that nothing more will be different. You have the right to the contact details for your landlord regardless of where they are in the world, if you are uncertain about the management and maintenance of the property after the agency folds it would be a good idea to request these now, by law the agency has to supply these. I would imagine though that as part of the close down process you will be notified, especially if you pay your rent to the agent as this will need to be amended to the landlord and you will need to authorise your bank to make the change.
The Deposit should also be protected and secure, check your agreement but if you have been in the property less than 18 months the deposit will be registered in a Tenancy Deposit Scheme, which grants you a certain level of protection. One of the bonus' to this if the agent hold it is that the funds must be kept in a separate account from the normal everyday business account. This means that no matter what happens to the agent your money should be protected. The agent or the Receiver will likely contact you to advise where those funds are going, the deposit does not form part of the assets of the agency so is not able to be used to cover the companies debts. All agents to my knowledge registered all deposits held before the change over in the law to their TDS any way.Im renting a flat that with last rainy days its roof is stained from roof leaks.What should i do?
Im renting a flat that with last rainy days its roof is stained from roof leaks.What should i do?
You contact the landlord.What are the most important things I should think about when renting a house with a friend?
I'm looking at renting a house with a friend, I've never rented before.
I want to make sure I am making the right decision, in all aspects.
You'll start out friends but I guarantee it won't stay that way ...
The most important thing you should consider is a convenient get-out-clause.What are my rights when renting a house?
I am a student and am renting my second house for september. I feel like if I ask the company to do something they talk down to be and twist things around. Does anyone know my rights I have when renting a house?
its going to depend on where you live. You can talk to the local housing authority and they should be able to provide you with a copy of your state's landlord tenant laws.I will soon be renting out my house I have arranged viewings but need documents, best insurance etc?
I will be renting out our private home unfurnished, what tests/checks do I have to do. Does anyone have any good documents that I could use as part of the vetting process. Any recomendations for insurance companies or credit check agents?
I rent my single family house down in South Carolina and use a Property Manager to find yearly renters and to make sure everything is taken care of for me for 15% of the rent. It is well worth it...
There are rental documents of the internet to but which you should do if you are acting as Manager...
Get background check, personal references, etc....
It is a great business, but remember the renters do not care out the house becasue they do not own it and will cause damage... You just need your regular insurance, and I have extra insurance that covers if they do not pay the rent....
They have to get proprty insurance to cover there stuff..
Good luckWhat is your experience of renting your house?
Thoughts have arisen of renting my house in South Shropshire. I believe £440 would be the possible rental per month (on a current mortgage of £362) and an agency to be used to rent it but what are the most important things to consider?
I am not familiar with all of your laws there but here the biggest things you need to think about are 1- liability issues and 2- monetary issues. It looks like you would have a positive cash flow which is a good start but that positive cash flow will mean nothing if the tenants dont pay the rent or worse they tear the place up AND dont pay rent and trust me it happens. You also need to think about the liability aspect of it (again without being familiar with your laws/insurance) but your normal homeowners will not cover you in a situation where you are renting your house here so thats something to check into. If they got hurt could you be sued? If the house burned to the ground would the insurance pay to have it rebuilt since it was someone else living there? All things to think about. Best way to be as sure as you can be which will never be 100% is to check credit, verify employment, and check previous rental/mortgage history as well as references and then base you decision off of how high of a risk they are likely to be.
An interesting post. Funny you should write about the above topic as I myself have had a similar or well several similar situations myself.
I once rented and the tenancy came to an end but hell could I find any where when I was looking. I looked all over the place. I went in every estate agent possible that did lettings to see if they had anything, I contacted various estates in the area, looked in supermarkets, shop windows while I wore the glass out from looking at the different adverts.
Then at the last minuet I found a good spot then I was sorted but a little while after I had phone calls from estate agents offering me places, friends telephoning me up then I was seeing stuff for rent as well.
Oh I tell you it drove me mad in the end. As soon as your not looking for any where loads seem to crop up. It is the same as when someone is looking for a job. They can not find one and when they have got one there are loads that come up. Strange world hey.
Jamie
Ha, ha. I know what you mean.
I also was once in the situation where I needed a new place to rent as one place tenantcy was coming to the end and it was getting very close to the expiry date and myself and her in doors was saying at this rate we will be on the street.
We thought it was going to get to that stage and right at the last minute we found a nice place to rent. I can tell you that was much welcomed when we did find it.
And yes of course once we had found some where and had been looking all over the place like others have there was loads of stuff coming up for rent.
We have had friends who have said exactly the same you know so yes it is an interesting topic for a bit of idle chit, chat when you tell the Mrs you are doing research on the internet and checking property information out on here.
Marc