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Are property owners better off than renters in the current economic climate?
Wiki User
∙ 11y ago
Property owners often feel that they have made a better choice than those who rent. Renters are paying money to another while owners have an investment. Renters have to follow the rules of the landlord, while owner are free to follow their own rules. Owner are able to have any type of pet they desire, while renters may not be able to have any pets. Property owners have many freedoms that renters do not have.
Wiki User
∙ 11y ago
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How do interest rates affect businesses?
Interst rates remove some of the profits that are made in businsses that make loans to opperate. Interest rates also make less money available to people that are paying of houses resulting in their not purchacing as much from businesses. this also flows on to renters of homes. the higher the rates the lower the economic activity.
Is this the right time to invest in real estate buying properties to rent out?
Depends where you are! The old saying is what are the three factors for the value of real estate? Location, location, and location. If you are in an area where rental housing is needed, then yes. If not, no. You need to see what the demand is for rental property. In some neighborhoods that are desirable, rentals may be in demand even if the economy overall is not strong. And the second factor is what can you buy the property for that when rented will result in an "NOI" or net operating income that equates to a percentage of the investment that does better than just putting your money in an interest bearing bank account or into some securities. And if you have "money to burn" today in some places you can buy property at prices that are less than what it cost to buy the land, improve the land, and build the place in the first place. Eventually these properties should appreciate in value, but it may take time, you may not have steady renters, and you will have to keep them up to some extent. Then, down the line, you may be able to freshen them up and either sell them or rent them. But the analysis of time value of money is important.
What is 1000 una mie lei worth in US Dollars?
I don't want to trade this money, I'm pissed that I have it! It was given to me in the 90's by my renters from that country, and I've had a situation where i've been incarcerated since 1999. That's alot of money I want! How can they just say that those bills are no good anymore??
What is the average cost of an appartment?
I found this ebook online that will show you everything you need to know about apartment rentals. Also gives tips for people with criminal backgrounds on how to get approved for an apartment. And there's a link with a website of home listings inside. Look In The Related Links Its Called " Free Renters Guide"
How much money does a hair salon owner earn?
Anywhere between 30,000 and 80,000 dollars depending on size and location(s). As a salon owner, I think it is fair to say that the amount of income a salon owner makes a year depends on the prices being charged at the salon and the total amount of the overhead (rent, electrical, water, supplies, etc.) And, of course, how busy the salon is, and how many stylists are working there (and whether or not the stylists are employees, or subcontractors (renters)). Many aspects must be taken into account to determine if the salon owner is making what may be assumed to be a large amount of money. While it is commonly suggested to not tip a salon owner, it is the salon owner who is working more hours to keep the salon running, and running well. To keep up with the hair industry, there are always new tools, training, products, etc. to implement. Owning and operating your own business is never as glamorous as it may appear to be. What is most important is whether or not the salon owner loves what he or she does. And that love has no value. Creating beauty is more rewarding than income. But, without income, beauty cannot be delivered because the bills do need to be paid.
Do renters have to pay property taxes?
No, renters do not pay property taxes. Property taxes are paid by the owners of the property. They may pass that cost down to you through rent, but it will likely be spread out over months.
Will renters insurance cover sewage pipe backup damage to personal property?
If your renters policy covers Sewer Backup then it will cover damage to personal property.
Will renters insurance pay if a car is hit on property?
No, Renters insurance is coverage specific to household property or contents owned by the named insured. It does not cover the property of others and it does not cover automobiles. Neither Renters insurance nor Homeowners insurance will cover damage to an automobile. That's what auto Insurance is for.
Does renters insurance cover damage to others property?
No. "Renters Insurance" is property coverge for a tenant. It will cover the property of the named insured Tenant or Renter that is located within the rented dwelling. It will not cover property of someone who is not a named insured on the policy.
What does no replacement cost in your renters policy mean?
If your policy indicates that there is no replacement coverage then that means you will be compensated (paid) based on the current depreciated value of your property in the event of a claim.
Your renter started a fire and has renters insurance how much will it cover?
most renters policies only cover the personal property of the renter. The property owner typically carries insurance for the Hazard of Fire.
What is renters insurance and why it is needed?
Renters insurance is for a person who is renting the place where they live. It protects your property if something happens to that place, such as a fire, flood or theft. Without it, only the owner of the property is covered.
Can you rental insurance with a pool on property?
Yes, you should have no issue getting renters insurance with a pool on the property.
Does homeowner insurance cover renters fall?
No, the property owners coverage does not provide coverage for a tenants property or liability.
Do renters insurance cover broken windows?
In general, no. Renter's insurance covers the property of the renter, not the property of the landlord.
What does home renters insurance cover?
Your home renters insurance will cover you for loss or damage to the property which you own and which is kept within your rental property. Any damage to the actual structure of the building would be covered by the landlord's insurance.
Can you carry renters insurance over to a new home?
Renters Insurance doe snot cover "Real Property". If you have purchased a home then you need a Homeowners Insurance Policy.
