[credit provider=”ABC News ” url=”http://abcnews.go.com/blogs/headlines/2012/04/family-flees-haunted-house-sues-landlord/#.T4nrF_5Sez4.newsvine”] Josue Chinchilla and his fiancee Michele Callan are suing their landlord for their $2,250 deposit, claiming their Toms River home is haunted and that it’s forcing them to move out, Ashbury Park Press reports. The couple even hired ghostbusters (the Shore Paranormal Research Society) to determine […]
[credit provider=”Flickr via waltimo” url=”http://www.flickr.com/photos/waltimo/3816059877/in/photostream/”] With mortgage rates at record lows and a rental market flooded by previous homeowners, most experts agree now’s the time to transition from renter to buyer.That’s easier said than done.
[credit provider=”Courtesy Sotheby’s International Real Estate” url=”http://www.sothebysrealty.com/eng/rentals/detail/180-l-1174-0036319/east-hampton-estate-cottage-east-hampton-ny-11937″] That time of year when everyone flocks for the Hamptons is almost upon us.Fortunately for procrastinators, there are still some stunning homes available on the rental market.
[credit provider=”M. Woodruff/Business Insider”] The romantic view of big cities like New York is that you can show up with a few pennies in your pocket and make yourself into something fierce and successful and, eventually, rich as hell.Here’s what’s usually left out: it takes a while to earn enough […]
[credit provider=”Jon Miller” url=”http://www.flickr.com/photos/jonsview/4666250491/”] The head of Zipcar told CNBC Wednesday an expanded partnership with Honda will give its members new hybrid and electric models to drive and maybe even put a dent in the auto industry.”We see our competition [as] car ownership” rather than rental car companies such as Hertz [HTZ], Scott Griffith […]
[credit provider=”Flickr / David W Oliver” url=”http://www.flickr.com/photos/davidwoliver/4828524230/in/photostream/”] Excessive fees and a decline in value are pushing timeshare homeowners to list their properties for as little as a dollar, reports SmartMoney’s Anna Maria Andriotis.Sites like Timeshare Resale Vacations and SellMyTimeShareNow are pushing the trend, featuring bargain listings in destinations as near as Florida and as exotic […]
[credit provider=”Flickr via suckamc” url=”http://www.flickr.com/photos/suckamc/3620141192/sizes/z/in/photostream/”] Q. I rent a top-floor apartment in a three-family home, and my landlord is going to replace the roof. He says I will have to vacate the apartment and take all of my belongings while the roof is being replaced.What are my rights? Who pays […]
A lifetime of living in tight quarters led Hong Kong architect Gary Chang to transform the 360-square apartment his family has owned for years into a space-saving, futuristic living room.
[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Learjet_31A.JPG”] Private jet companies have started offering services apart from the traditional model of fractional ownership in order to entice customers, David Kesmodel reports for The Wall Street Journal.In recent years, the fractional ownership model, which requires travellers to own stakes in the planes they use, has suffered […]
[credit provider=”Flickr / drewbeck ” url=”http://www.flickr.com/photos/nonemoreradical/2695300838/in/photostream/”] Believe it or not, I’ve found all of my apartments on Craigslist.And I’ve never paid a broker’s fee once.
[credit provider=”Flickr / deepinswim” url=”http://www.flickr.com/photos/j3zz/2323184776/”] A new app could make apartment hunting in the Big Apple a lot less hellish. RentHackr uses crowd sourcing to bypass landlords and brokers to show exactly what tenants are paying for any given pad.
[credit provider=”creepyhalloweenimagers via Flickr” url=”http://www.flickr.com/photos/halloweenstock/4937044004/”] Every downturn creates desperation among those hardest hit, and people in trouble are targets for fraud.The foreclosure crisis has converted many homeowners to tenants, causing higher demand and rising rents.
[credit provider=”Flickr / mikething” url=”http://www.flickr.com/photos/mikething/2936041692/”] Sure, New York City owners (and even renters) will pay a premium to live in a doorman building. But it’s not enough just to have one.They want a doorman who’s actually good.
We grilled some NYC brokers about what makes a doorman great in the eyes […]
[credit provider=”Flickr via pepperlime” url=”http://www.flickr.com/photos/pepperlime/3227201193/”] Renting an apartment with bad credit may not be easy. Many large apartment complexes owned by corporations now require credit checks and will refuse applicants who do not meet their standards. Even if you have the income to pay for the apartment, you may still be […]
With the beginning of Bank of America’s trial “Mortgage to Lease” program, analysts, critics, and homeowners alike are all wondering if the program will actually work.
[credit provider=”FlipKey” url=”http://www.flipkey.com/los-angeles-villa-rentals/p316018/”] We’re heading toward the Summer months and now is the perfect time to plan a vacation getaway. And if you’re a movie or television fan, we found some houses with fun pop culture history on the vacation rental site, FlipKey.
[credit provider=”hownowdesign” url=”http://www.flickr.com/photos/hownowdesign/5039141016/sizes/m/in/photostream/”] NEW YORK (AP) — Bank of America says it has begun a pilot program offering some of its mortgage customers who are facing foreclosure a chance to stay in their homes by becoming renters instead of owners.The “Mortgage to Lease” program, which was launched this week, will […]
As rent prices soar and housing prices decline, it’s beginning to look a lot like a homebuyer’s market. Trulia’s latest study finds renting to be a better deal than buying in 98 of the 100 top metro areas.
[credit provider=”Flickr / Chris Shifflett” url=”http://www.flickr.com/photos/shiflett/2305109815/sizes/m/in/photostream/”] The homeownership rate dropped to 66% of all households in the fourth quarter of 2011 — the lowest rate in over a decade.Since the recession began, growth of renter households has consistently outpaced growth of owner households.
[credit provider=”Mad Men Promo Screengrab”] With this month’s long-awaited return of “Mad Men,” it’s fun to ponder where chain-smoking ad exec Donald Draper might live.Nowadays, Draper might be out of luck, as a growing number of Manhattan co-ops and condos ban smoking inside apartments, including the buildings we highlighted yesterday.
[credit provider=”Trulia.com ” url=”http://www.trulia.com/property/photos/3071066349-7474-N-Catalina-Ridge-Dr-Tucson-AZ-85718″] Irritated that so many apartments are advertised with stock photos?You’re not alone.
[credit provider=”Flickr via gradin” url=”http://www.flickr.com/photos/gradin/3954990686/sizes/z/in/photostream/”] A Phoenix, Az. landlord shelled out $15,000 to settle claims he discriminated openly against families with children.In the land of renter’s rights, that’s a big no-no, right up there with turning away prospective tenants based on race, gender or ethnicity.
[credit provider=”Flickr / confusedbee” url=”http://www.flickr.com/photos/latteart/4524364495/sizes/m/in/photostream/”] For many working Americans across the U.S., the rent is still too damned high, reports the National Low Income Housing Coalition in Out of Reach 2012. This isn’t surprising. We reported that holiday retail workers could barely lock in a mortgage on a decent-priced home, and low-income […]
You can always count on a New Yorker to kvetch about astronomical rents in the city.
[credit provider=”HerryLawford via Flicker ” url=”http://www.flickr.com/photos/herry/114351029/sizes/z/in/photostream/”] The cost of renting a luxury apartment in Hong Kong increased 15 per cent this year compared to last—giving Hong Kong the not-so-coveted title of being the most expensive in the world to rent high-end residential property.Renting an unfurnished three-bedroom apartment in Hong Kong […]
[credit provider=”Image courtesy of Robert Gonzalez”] Say you’re an ambitious, creative type who’s struggling to make ends meet in America’s costliest place to live, New York City. You’re trapped in the renter’s cycle, but view homeownership as an investment you should only make once you’ve “arrived.”
[credit provider=”Flickr / tibchris” url=”http://www.flickr.com/photos/arcticpuppy/4785359192/in/photostream/”] Want to live alone? You’ll be paying for it in more ways than one.In one of the more entertaining New York Times trend pieces we’ve read, the author sheds light on all the ways going solo can turn you crazy.
[credit provider=”Universal Pictures” url=”http://www.bridesmaidsmovie.com/index.php”] Ask any fashionista on a budget and chances are she can rattle off at least a half dozen ways to rent designer duds at a fraction of the retail value. Typical runway-ready dress rentals range anywhere from $50 to $100 on most websites and are shipped directly […]
[credit provider=”Flickr/ann-dabney” url=”http://www.flickr.com/photos/ann-dabney/5218277923/sizes/z/in/photostream/”] A few years ago, I moved to another state carrying only what I could fit in my car: a few boxes of clothes, a stack of books, and a coffee mug. Since moving is expensive – even when you don’t actually move anything – I had to […]
Dozens of Atlanta, Ga. tenants were in for a rude awakening last week when police officials showed up at their apartment building to herd them off the property.
[credit provider=”Courtesy of Sotheby’s Realty” url=”http://www.sothebyshomes.com/hamptons/rental/0055250#”] Here’s a summer vacation rental that costs more than many homes.The Linden Estate in Southampton, which is on sale for a whopping $49 million, can be yours to stay in this summer for $850,000, according to Curbed. It’s the most expensive Hamptons rental we’ve […]
Flickr / gharness
[credit provider=”Courtesy Zillow” url=”http://www.zillow.com/homedetails/%28undisclosed-Address%29-Sag-Harbor-NY-11963/2136836074_zpid/#1″] The unseasonably warm winter weather should be a good reminder that summer is right around the corner.And if you want to rent the best real estate in the Hamptons, it’s best to snatch up your spot now.
[credit provider=”the bridge via Flickr” url=”http://www.flickr.com/photos/[email protected]
/6362206223/sizes/l/in/photostream/”] As a contractor working in New York City, I get to see a lot of extravagant homes and furnishings where price is not a concern. Below is a list of some eye-popping projects I have worked on, and some more cost effective options for us […]
[credit provider=”Flickr/cosmic_bandita” url=”http://www.flickr.com/photos/cosmic_bandita/2912740253/sizes/l/in/photostream/”] There’s no doubt more 20-somethings are carving dents in their parents’ sofas these days than ever before, but that’s not exactly the end of the story. The rate of singles under 30 who are living on their own is more than 10 times higher than it was just 60 […]
[credit provider=”Flickr/robhannay” url=”http://www.flickr.com/photos/robhannay/5586428696/sizes/m/in/photostream/”] Unfortunately, during this real estate downturn, many people have found themselves in places they never expected to end up — sometimes even being evicted from their home. Evictions can be the result of job loss, which leads to foreclosure or other some misfortune that has added to the statistics of […]
[credit provider=”Flickr / joshbousel” url=”http://www.flickr.com/photos/joshbousel/73288988/sizes/m/in/photostream/”] “I want to vanish,” I said to my friend Christine, who was crashing on my couch for the week. “Why? Because you hooked up with your neighbour? Big deal. Doesn’t everyone in New York do that in their twenties and thirties?” She was right […]
[credit provider=”AP Images” url=”http://www.apimages.com/Search.aspx?st=k&remem=x&kw=morgue%2C+united+states&intv=None&shgroup=-10&sh=10″] When your neighbour kicks the bucket, how long should you wait before reaching out to the dearly departed’s family about buying the apartment? Over on UrbanBaby, a variety of opinions have emerged.Some commenters urge pouncing fast, despite the circumstances: “I waited to make a business propostion 2 […]
[credit provider=”Flickr/LShave” url=”http://www.flickr.com/photos/lshave/3753118184/sizes/m/in/photostream/”] Dear Real Estate Adviser,
My term is up on my lease-to-own home. Unfortunately, the property won’t appraise for the price agreed to under the original terms of the deal. Do I lose my $10,000 down? The lease expired in November, and I’m now on a month-to-month arrangement […]
[credit provider=”Flickr/Link 576″ url=”http://www.flickr.com/photos/[email protected]
/4426057668/sizes/m/in/photostream/”] I have a love hate relationship with insurance. It’s one of those things that you hate to have but love when you actually need it. Still you hope that you never have to use it which creates this love – hate relationship which leaves you feeling […]
[credit provider=”Capt. Tim ” url=”http://www.flickr.com/photos/captaintim/2589382630/sizes/m/in/photostream/”] Finding a really good roommate is just about as stressful as finding the actual apartment itself.Much like selecting an apartment, you should choose a roommate carefully – as a hasty choice is one you could seriously regret later.
[credit provider=”bestofthecityguide.com”] In a city of single-digit vacancy rates, there are some compelling reasons to pay a good real estate agent to find you a rental: You’re new in town, you’re busy, you can’t find what you want on your own, and/or you plan to stay put for a couple […]
From 2010 to 2011, Redbox’s percentage of the physical-disc rental market increased from 25% to 37%, according to market research firm NPD Group. (via Deadline)
[credit provider=”jewdini” url=”http://www.flickr.com/photos/de-rigueur/6304871760/sizes/m/in/photostream/”] Two roommates on the hunt for a dream apartment to rent in Manhattan are at the centre of Joyce Cohen’s saga, “Off-Campus, With Elbow Room.” One guy wants a big living room. Another wants to save. The third needs to be close to school.
[credit provider=”thewind. via flickr” url=”http://www.flickr.com/photos/thewind/2681880907/”] Moving in together as a couple is more than deciding who gets the “good side” of the bed and finding the best spot to stash the PlayStation. Not only will you be sharing household bills and probably setting up joint bank account, but you’ll also get […]
[credit provider=”CSLP” url=”http://www.flickr.com/photos/[email protected]
/”] Do you like fixing toilets? You have a lot to consider before investing in rental property, and plumbing is just the beginning. Investors are taking a closer look at the rental housing market. After all, rental property is another way to diversify your investments. However, owning rental property is […]
[credit provider=”WreckedExotics.com”] Imagine this: You open up your mail one day and find a huge bill for minor damage to a car you rented weeks or even months ago.But you don’t recall anything ever happening to that car, and nothing unusual was discovered when you returned it. Nevertheless, you’re being […]
[credit provider=”coolshots” url=”http://www.flickr.com/photos/coolshots/”] File this one under “Sad but true.” The old American Dream of prancing down the wedding aisle and straight into your dream home has quickly become a thing of the past.
[credit provider=”Missy S. / Flickr” url=”http://www.flickr.com/photos/listenmissy/4840262155/”] The rent for my 225-square foot, one-bedroom apartment in a Murray Hill non-doorman building is $1,525 a month. When I travel, I offset my costs by renting out my apartment by the night (three-night minimum) throughAirBnB.com. Yes, I let total strangers stay in my place—42 […]
[credit provider=”mollyali” url=”http://www.flickr.com/photos/mollyali/”] It seems like a great idea at first.Your home value has tanked and since selling isn’t an option in this anemic housing market, you slather a new coat of paint in the basement and stick a Room For Rent sign in the front window.
[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Fishermans_Wharf_aerial_view.jpg”] It still looks to be a buyer’s market rather than a rental one, according to the latest data released by HotPads.com. The rental price for 2-bedroom units jumped 3.75% in 2011, compared to a 1.83% fall in sale prices across the top-20 most populated metros in […]
[credit provider=”newoldage.blogs.nytimes.com” url=”http://newoldage.blogs.nytimes.com/2010/05/17/more-help-for-hoarding/”] Q. I have a tenant that has been occupying one of my apartments for about five years now. She always pays the rent on time and I have not had any complaints about her until recently.Last month, a neighbour informed me that she appears to be a […]
[credit provider=”By greenasian on Flickr” url=”http://www.flickr.com/photos/photos_by_chrystal/2809604871/sizes/o/in/photostream/”] Most back-to-school news usually comes pouring in around August and September, but there’s no denying January is just as huge for college students getting ready to jump into a new semester or quarter.Spring classes means generally one thing: Time to pony up the cash […]
[credit provider=”Salem Eames / Flickr” url=”http://www.flickr.com/photos/great_sea/160988171/”] Call it the Big Selloff—America is headed toward a future in which fewer people own the spaces they call home.The effective homeownership rate, which excludes borrowers whose homes are underwater, stands at 62 per cent, down from 69 per cent in 2006, according to […]
Most people see buying a home as a part of the “American Dream”, well for most it’s become a nightmare.
[credit provider=”Duke Geren” url=”http://www.flickr.com/photos/duke_geren/756799032/sizes/m/in/photostream/”] Being a renter can make you feel like a renter.After a while, the cheap flooring and outdated kitchen can start to get to you, and you might find yourself wishing you just owned the place so you could fix it up.
[credit provider=”Flickr” url=”http://www.flickr.com/photos/[email protected]
/5033483073/”] Despite what some media outlets are reporting, we seriously hope you didn’t throw your old Blockbuster gift cards in the shredder after the company went bankrupt last year.Turns out you can still cash them in for movie rentals, according to its new gift card policy.
[credit provider=”Sean Greenberg via flickr” url=”http://www.flickr.com/photos/seangreenberg/2513414034/”] If you’re looking for a fresh start following a layoff, a divorce or other life-changing event, experts suggest that you go Midwest, young man — or young woman, middle-aged man, etc. “Things are really booming in parts of the Midwest right now,” says Bert […]
[credit provider=”Flickr Zervas” url=”http://www.flickr.com/photos/zervas/310830960/”] America’s retail workers had better put in overtime if they want to afford a decent home.According to Laura Williams and Maya Brennan, authors of the the centre for Housing Policy paper, “Can holiday retail season workers afford housing?“, the answer is a big, fat NO.
New York’s rental market is a meat grinder, and finding a new place, lock, stock and barrel can be incredibly hard and expensive.Especially when you only have 10 days to do it, like I did.
[credit provider=”Brittany Bush via Flickr” url=”http://www.flickr.com/photos/tzofia/270800047/0″] If a quiet apartment is a top priority for you, then put down your earplugs and listen up to these tactics for finding peace and quietude on your next apartment hunt. Get smart about neighbourhood noise Common outside-noise culprits include hospitals, police and fire […]
[credit provider=”Mandi Woodruff”] If you’ve rented out your apartment to backpackers, flipped your furniture on Craigslist, ditched your car for the city bus and still could use some extra cash, consider this: Spinlister just hit the peer-to-peer rental market, offering consumers the chance to rent out their bicycles to just about […]
[credit provider=”AP Images”] According to police estimates, at least half of New York City renters don’t have renter’s insurance.If that includes you, maybe you’re betting that nothing’s going to happen.
[credit provider=”Jess and Colin” url=”http://www.flickr.com/photos/jessandcolin/2362586545/sizes/m/in/photostream/”] If you’re young and living it up in a metropolitan hotspot like New York, you’re probably beginning to wonder where the hell you’ll be living next year.My lease is up in January and recently my landlord and I had it out over when I’d sign, […]
[credit provider=”Flickr” url=”http://www.flickr.com/photos/mwichary/2465055734/”] We know landlords, like car dealers, will do almost anything to get you to sign on the dotted line.Now Matt Hudgins reports in the Times that they’ve been using “powerful software tools” to jack their rents even higher on new and renewing leases.
[credit provider=”irina slutsky” url=”http://www.flickr.com/photos/irinaslutsky/2449911467/sizes/m/in/photostream/”] It’s never too soon to start preparing for the year-end work that needs to be done as a landlord and property manager. After all, big-box stores across the nation had started putting out their holiday stuff in the middle of October!Something you should watch for when […]
Marie Frost’s subletting nightmare started about five months after she and her two sublessees all moved into the same spacious, three-bedroom home in Orange, Calif. “They were drunks and one was so stoned all the time his method of communication was near that of a penguin,” said Frost of her […]
After I wrote my story about living like a semi-homeless champ in New York City, a girl from college sent me a Facebook message offering a great sublet.
With the real estate market wallowing in its anemic state, if there were ever a time to buy, it seems it would be now.
Everyone knows New York City has some of the most exorbitant rents in the world.
[credit provider=”Surat Lozowick” url=”http://www.flickr.com/photos/suratlozowick/4448156031/sizes/m/in/photostream/”] In the past year, I’ve spent most of my working hours helping people and businesses that want to earn more money. Regardless of whether it’s an individual or a group, they want to be more financially productive during the work day.Based on this work, I’ve discovered […]
For some, November evokes images of pumpkin pie and apple cider—but we like to think of it as the perfect time to begin researching summer rentals. We’ll be highlighting a few of the pricier options this week—starting in Southampton and making our way to Montauk by Friday. Today, we’re taking […]
[credit provider=”hownowdesign” url=”http://www.flickr.com/photos/hownowdesign/5039141016/sizes/m/in/photostream/”] Looking to bring in some extra cash this holiday season? With peer-to-peer housesharing sites like Airbnb, HomeAway, and Roomarama growing in popularity, renting out that spare bedroom or second home could be an attractive option.According to Collaborative Consumption, the average New Yorker makes $21,000 per year renting […]
[credit provider=”mtsofan / Flickr” url=”http://www.flickr.com/photos/mtsofan/4750680354/”] It’s a standard scenario. I’m at an open house, meeting potential buyers and homeowners. In walks a couple just off an aeroplane from across the country.They’ve taken a great new job and plan to transfer to the area.
[credit provider=”Zillow.com”] Imagine this: You come home excited to check the mail––and BAM!— you find a letter from your landlord. UGH. Who wants mail from their landlord? No one, but your lease is up for renewal in a couple months and your worst fears have been confirmed: Rent hike!
[credit provider=”By Arturo Avila on flickr” url=”http://www.flickr.com/photos/arturoav/562970017/sizes/z/in/photostream/”] No matter where in the world you decide to relaunch your life, I recommend that you rent first, rather than buying a new home of your own. Renting for at least six to twelve months keeps you mobile and flexible. It allows you […]
[credit provider=”Flickr/Jonathan Brodsky” url=”http://www.flickr.com/photos/jonbro/1189995100/”] Hotwire.com released its October 2011 Travel Savings Indicator this week, which features the top five cities in North America where car, air, and hotel rental rates have decreased the most.Rental car companies experienced the largest price reductions of all three categories. Honolulu, Hawaii took first place […]
Netflix is having an absolutely brutal month, and its competitor Redbox is primed to strike.
zoetnet / flickr
[credit provider=”Several seconds / Flickr” url=”http://www.flickr.com/photos/severalseconds/5348328946/”] I grew up in the land of driveways, dens, backyards and air conditioning.So when I rented my first New York City apartment —a 2-bedroom on the top floor of a two-story Astoria walk-up—I wasn’t fully prepared for my abrupt conversion from suburban to vertical […]
(Written by Rebecca Lipman. List compiled by Eben Esterhuizen, CFA. Institutional data from Fidelity.)
[credit provider=”irina slutsky” url=”http://www.flickr.com/photos/irinaslutsky/2449911467/sizes/m/in/photostream/”] A property manager’s job is not easy. None of the tasks are extremely hard, but the devil is in the details, as they say.
For the past two months, I’ve been dealing with a stereotypical New York conundrum: Should I live the dream and get my own place, or keep doing the frugal thing and continue living with strangers?
[credit provider=”ellamarie via flickr” url=”http://www.flickr.com/photos/ella_marie/4449426430/sizes/z/in/photostream/”] It might seem counterintuitive, but increasing rental activity might be the medicine the ailing U.S. housing market needs to get back on its feet.Virtually every corner of the industry has been languishing since the 2008 financial meltdown, and experts say even if the U.S. manages […]
[credit provider=”Courtesy of trulia” url=”http://www.trulia.com/rental/3050536348-9312-Nightingale-Dr-Los-Angeles-CA-90069″] Renters beware: you’ve got to have a pretty fat checkbook to live in these luxurious pads.With prices ranging from $65,000 to $150,000 per month, finding an apartment has become as expensive as getting a mortgage, if not more so.
[credit provider=”Charleston’s TheDigitel” url=”http://www.flickr.com/photos/[email protected]
/5396894948/”] A 2.2% inflation-adjusted slump in household incomes is putting the clampdown on renters, who squander 30% or more of their paycheck on housing costs, USA Today reports. This amount is way past the government’s threshold for what determines affordable housing.Based on 2010 Census data released yesterday, […]
[credit provider=”sothebyshomes.com”] Win-win sounds so cliché these days, but in my mind there is no better way to describe rent to own. The simple truth is that when properly designed and executed, rent to own programs present a winning scenario for both the tenant-buyer and the investor. Of course, rent […]
Even though the housing recovery is sputtering, there are plenty of luxe landlords shooting for the stars when it comes to their trophy houses and apartments. In the markets that attract the deepest pockets, the rents can reach into the triple digits.
[credit provider=”Zillow” url=”http://www.zillow.com/blog/2011-08-26/standoff-5-figure-rental-vs-5-figure-mortgage/”] One of the most frequent questions in today’s housing market is “should I buy or should I rent?” Such a question is subject to the condition of the housing market you’re shopping in, unemployment, foreclosure environment, mortgage rates and so much more. But, believe it or not, […]