Q. I'm thinking about renting a houseboat for a vacation this summer or next. It would be for my and two kids (14 & 10) and we thought we'd take another couple to split the costs and their two kids (16 & 10). What do I want to be looking for when I rent a houseboat? Any special amenities? Do most rental companies let you tow a fishing boat or jet-skis with the boat? Any help would be appreciated. Thanks!
A. I love to be the captain so for me when I rented a houseboat it had to have a helm station up top and outside.
just a thought
just a thought
Renting a room in a home going through foreclosure in Orlando, what to do?
Q. I'm a student in Orlando, Florida, renting a room in a house within a gated community. Apparently the house is going through foreclosure. I dont have all the details because the "owner" wont give them to me. How can I find more information on the situation? What are my rights? I keep reading something about "cash for keys" in which the bank will give me time and money to move out? Can someone help, thanks!
A. This is a very messy situation. Technically if the property is in foreclosure, the true
owner, the lender has exercised their rights under the Mortgage to take possession of the property as the owner is not paying the mortgage. Technically, you Can also be evicted as you should be paying the lender. If this were a 2 family home, the lender could contact you and request payment be made directly to them. Since this is not the case, and this is a room you are renting, they probably do not know about you. If i were in your situation I would simply move out and save myself the headache. The other options is to contact the true owner directly and explain your situation to them and offer to pay them the rent directly. This could create an uncomfortable situation with the co-tenants though. You may be able to obtain the name of the lender through public tax records.....good luck.
owner, the lender has exercised their rights under the Mortgage to take possession of the property as the owner is not paying the mortgage. Technically, you Can also be evicted as you should be paying the lender. If this were a 2 family home, the lender could contact you and request payment be made directly to them. Since this is not the case, and this is a room you are renting, they probably do not know about you. If i were in your situation I would simply move out and save myself the headache. The other options is to contact the true owner directly and explain your situation to them and offer to pay them the rent directly. This could create an uncomfortable situation with the co-tenants though. You may be able to obtain the name of the lender through public tax records.....good luck.
What is the best way to purchase the home we are renting from my parents?
Q. We are currently renting a house from my parents. Their tax basis is roughly 1/10 of its current value. We would like to buy 60% of the house initially, and pay off the rest to my parent's over time. What would the tax consequences be and what would the best way to do this - or should we just continue to rent and buy another investment property?
A. Buy it on a land contract. You dont want to continue to throw money away by renting. Good luck!
What are the pros and cons for renting a house as opposed to an apartment?
Q. My wife and I are sure we do not want to buy a home yet but we feel we have outgrown renting an apartment. We prefer a bigger space with less neighbors who complain about the slightest noise. We have thought about renting a house and I was wondering if anyone out there can tell me their experience in renting a house. Is it better or worse?
A. A serious drawback to renting a house especially in today's real estate climate is not knowing when the owner might decide to put the place up for sale.
Advantages to renting a house?
-far more space to enjoy than you would find in an apartment
-no common walls, ceiling or floors to hear noisy neighbors or who might complain about you. However, be aware that you could also have noisy neighbors next door as well- even renting a house.
- no disturbances with tradesmen constantly "upgrading" the building
- no elevators breaking down
- better chance to have a pet if you want one
- a yard to lounge around in
- most likely will come with washer/dryer, ensuite bathroom, fireplace etc etc.
- maintenance of the place is done by the owner, not by you.
Disadvantages:
-owner could suddenly decide to sell
- heat and hot water usually not included and because the place is significantly larger your monthly utility bill [which could include heat, hot water, electricity, garbage pick up and water] will be much higher
- depending on the age of the house the owner may be doing regular repairs and upgrades which will be interruptions to you
- risk of chronic barking dogs just outside your bedroom window from the neighbor's yard next door could be a problem
- less secure than an apartment setting
- expect to pay significantly higher rent because you are getting so much more.
- Though maintenance [grass cutting etc] is done by the owner you might get an owner who is not all that interested and doesn't do all that much even though he should.
- insurance will be higher
Given your comment, "We prefer a bigger space with less neighbors who complain about the slightest noise," I would say those far out weigh any of the disadvantages to renting a house. I'd go for it!
Advantages to renting a house?
-far more space to enjoy than you would find in an apartment
-no common walls, ceiling or floors to hear noisy neighbors or who might complain about you. However, be aware that you could also have noisy neighbors next door as well- even renting a house.
- no disturbances with tradesmen constantly "upgrading" the building
- no elevators breaking down
- better chance to have a pet if you want one
- a yard to lounge around in
- most likely will come with washer/dryer, ensuite bathroom, fireplace etc etc.
- maintenance of the place is done by the owner, not by you.
Disadvantages:
-owner could suddenly decide to sell
- heat and hot water usually not included and because the place is significantly larger your monthly utility bill [which could include heat, hot water, electricity, garbage pick up and water] will be much higher
- depending on the age of the house the owner may be doing regular repairs and upgrades which will be interruptions to you
- risk of chronic barking dogs just outside your bedroom window from the neighbor's yard next door could be a problem
- less secure than an apartment setting
- expect to pay significantly higher rent because you are getting so much more.
- Though maintenance [grass cutting etc] is done by the owner you might get an owner who is not all that interested and doesn't do all that much even though he should.
- insurance will be higher
Given your comment, "We prefer a bigger space with less neighbors who complain about the slightest noise," I would say those far out weigh any of the disadvantages to renting a house. I'd go for it!
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