Apartments and Home Rentals

Renting is a more flexible living situation than buying a house, allowing tenants to pay a monthly fee (rent) in exchange for a place to live. People can rent houses, apartments, even rooms. Ask questions about renting here.

6,202 Questions
Apartments and Home Rentals

What is 9x8?

If a room is 9 feet by 8 feet, that would mean that there are 72 square feet of living space within the room.

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Debt and Bankruptcy
Apartments and Home Rentals
Improving Your Credit Rating
Money Management
Credit

When in bankruptcy is it hard to rent an apartment or house due to the bad credit rating?

It can be but I have found that if you have good rental history you should be able to rent. My husband and I filed bankruptcy about a year ago. He then left and I lost everything, now trying to start over with a recent bankruptcy is challenging. I have found no one that will rent to me and I have good rental history.There should be a law, I do not believe that credit should reflect on the rental of a house. Good luck to all that are trying. After filing bankruptcy it is very hard to obtain housing in an upscale area. Some places will not rent to you until seven years post bankruptcy. I have learned that if you maintain a good rental history and aren't deliquent on any of your accounts, then you may be able to rent a house/apartment through a lowerscale or private owner. * i would agree that it is hard but i also think that you can get help and try to get some money back

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Apartments and Home Rentals
Mice and Rats
Landlord-Tenant Issues

Is the landlord responsible for the mice infestation?

in some states it may be considered a housekeeping issue if the tenant does not keep the place tidy, leaves food and garbage around, landlord would not be liable

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Apartments and Home Rentals
Landlord-Tenant Issues

How do you make my home section 8 ready?

Basically, making the home section 8 ready means making it meet the federal housing quality standards, in essence, making sure that everything works and that everything is up to par. You also want to make sure that the rent is reasonable -- that is, that it is within the fair market rent value in your area. If you have any questions, call your local Housing Authority, which can help.

You, the landlord, have to be willing to accept section 8 vouchers. This means that you will abide by the rules under the federal guidelines that apply. In return you are guaranteed to be paid the housing assistance payments , on behalf of the tenant , like clockwork. For example, if the Housing Authority fails to pay you their portion of the rent you may not be able to go after the tenant for the same. and, if you own several pieces of property, you must charge the same amount of rent that you would charge anyone who would not have voucher assistance.

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Apartments and Home Rentals
State Laws
Landlord-Tenant Issues

Can a landlord kick you out without lease?

Yes. However, in most jurisdictions the landlord must give the renter a thirty day notice. You can check the rule in your state by calling a local landlord-tenant agency.

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Apartments and Home Rentals
Buildings
Height

Height of residential mailbox post?

  • As quoted from the USPS website: "You should install the mailbox with the bottom of the box at a vertical height of between 41-45 inches from the road surface."
  • Your house number should be clearly marked on the mailbox with painted numbers or stickers no less than 1" high. The numbers should be placed on the side of the box visible to the carrier's regular approach. The mailbox may also have the owner's name.
  • The box should be on the right-hand side of the road as traveled by the mail carrier.
  • It should be located approximately 2' from the side of the road to ensure the carrier can get off the road enough to clear traffic.
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Apartments and Home Rentals

What should you ask when you are renting out an apartment?

Questions to Ask Prospective TenantsHere is some advice on questions to ask before renting our your property:
  • Always ask if they have rented before. You do not need people who have never taken care of their own place. I say this from 31 years of renting property. Conversely, new college grads can make fine tenants.
  • Ask why they want to rent your property, how long they have lived at their current residences, and why they are leaving their current residences.
  • Who will be living in the unit? Asking who will be living in the unit can be discriminatory. Always ask how many instead.
  • Definitely ask for references. They can give you insights about the applicant's character and performance, as well as the applicant's history in rent payment and care of property. (Of course, current landlords are sometimes not the most reliable sources of information. They may be give a good reference because they want to get rid of a bad tenant.) The tenants prior (not current) landlord is the best reference.
  • Get a background check that looks for police reports or any criminal background, as well as evictions ands other court activity. AMSties has been helpful in screening tenants, but there arew numerous such services. Accept tenants whose FICO score is better than 650.
  • Ask about their employment, i.e. their employer and length of time on the job. It's not just income you want to know about. Frequent job changes may indicate an unstable income source.
  • Be sure the size of the family falls within occupancy guidelines.
  • Be sure to interview each prospective tenant from the same list of prepared questions and write their answers along with personal impressions. Let them know if they meet your minimum standards, without promising the place to them.
  • Tell them upfront exactly the move-in money you expect. Tell them the rules you expect them to live by (no drugs, wild parties, illegal activities, unauthorized roommates, etc.) so they can walk away.
  • Sit down with them and go over the lease point-by-point to be sure they understand each clause.
  • Be sure to have an official Move-In Inspection Report to certify the condition of the apartment.

Questions to ask when renting out an apartment

1. What is their previous rental history?

2. Why they need to move in to your apartment

3. What is their most complaints on their previous place?

4. How often they pay late on their landlord?

5. Are they open to have roommates or not?

These questions will give you more hints on how your future tenant will be with you once choose to live on your apartment.

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Apartments and Home Rentals
Food & Cooking
Salary and Pay Rates
Section 8 Housing

Free section 8 housing application?

Yes.

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Apartments and Home Rentals
Math and Arithmetic

What is 8x9?

8x9=72

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Apartments and Home Rentals
Insurance
Homeowner's Insurance
Renters Insurance
Fleas

Does renters insurance cover fleas?

Depends on the policy and company. But most exclude animals, insects, and varmints.

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Apartments and Home Rentals

Can you get a wind generator for your apartment?

There is a wind generator on the market small enough for an apartment. It is called the Greenerator. The only problem is it would need to be installed on the roof of the building which could cause problems for strata.

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Apartments and Home Rentals
Michigan
Welfare

How does one qualify for low income housing?

Find out how to apply for Public Housing or Housing Choice (Section 8) Vouchers by visiting the US Dept. of Housing and Urban Development website.

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Apartments and Home Rentals

Is it possible to refinance a home that you are renting out?

Yes, my understanding is that it will be treated as investment property, so the rate will be 1 - 2% higher than if you were living in the house.

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Apartments and Home Rentals

Do you have efficiency's for rent?

look on rent.com & realtor.com

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Apartments and Home Rentals

How does rent to own work?

Renters pay a particular amount of money for usually around 3 years. At the end of that period of time, the renter has the option to decide whether or not they want to purchase the house. The rent until that time goes toward the potential down payment.

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Apartments and Home Rentals
Insurance
Renters Insurance

Where can you get renters insurance quotes?

Renters InsuranceOnline quoting services can be useful if you know everything you need to know about balancing risk and premium. However, the cheapest policy may not be providing you the protection you need or want.
  • I always recommend you check with a local independent agent who represents multiple companies. Also, one common mistake made when buying renters insurance is accurately valuing your personal property. A great (and FREE) tool is provided by the Insurance Information Institute. It is free downloadable software to help you figure out exactly what the replacement value of your belongings should be.
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Law & Legal Issues
Apartments and Home Rentals
Credit Reports
Landlord-Tenant Issues

Can a landlord who sent you a termination notice in May make you pay lease payments until the end of November if you vacate the apartment in September?

If the lease/rental agreement you signed continued into the month of November, then yes you have to pay the charges. TIMING and rental agreement is the key here. Let's suppose that my landlord sends me a termination letter in May to take effect 60 days from the receipt of the letter, then that means that I have up until June 30th to vacate the premises. You will not have to pay the rent for the remainder of the lease because by sending you a termination letter, he is terminating the rental agreement. Keep in mind that laws vary from state to state, so I would check with the local authorities. I am pretty sure that you can log onto your county's website and search under the tenant rights section. Make sure you read through your original rental agreement, there you might find a clause that specifies the circumstances under which the tenent or landlord may terminate such agreement. good luck,

Landlords can be very greedy and one-sided so you must protect yourself. you did not specify how much notice he gave you, but usually tenants get 30 days notice to vacate. Once you get this you are free to leave and not pay any rent beyond the 30 days.

(assuming he had the right to terminate)

BUT, if you remained in the premises you must pay.

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Apartments and Home Rentals
Section 8 Housing

Free section 8 applications?

yes

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Apartments and Home Rentals

Does renting an apartment affect your credit?

Not adversely if you pay on time

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Apartments and Home Rentals
Property Law
The Difference Between

What is the difference between renting and leasing?

Meaning of Leasing vs. RentingThey basically mean the same thing.

The difference is the length of time a property is being rented.

A lease implies a longer term such as a year.

[This is from the library at Findlaw.com]

If you're leasing, you've usually signed something saying you're committed to staying in that place for a certain length of time and will pay $xxx amount of rent every month for the term of that lease.

Another important difference is the value of the underlying good. If you rent something the value of the good is not meant to change, whereas if you lease something your are actually amortizing the good and have the option to buy it at the end of the least for its residual value in most countries.

To me, when you lease something, you normally have to sign a contract. However, when you rent something, a contract is not always necessary. A lease and rent are similar in some ways.

Their is no difference between renting and leasing a property. When you rent an apartment you are basically being leased a space. Unless you are the individual leasing the property, such as the landlord, renting an apartment and leasing one is the same thing.

  • Compare with "Let" or "Sub-let"

1. Both the landlord/lessor and/or the tenant/lessee can lease the property.

If the landlord/lessor leases the property, this means that he rents it out to the tenant/lessee:

2. Only the landlord/lessor can "let" the property, meaning to rent it out to the tenant/lessee:

3. Rent is simply paying someone for the use of something Renting is an agreement where a payment is made for the temporary use of a good or property owned by another person or company. (property, land, car) Pre determined and terms can be changed - Oral/Written

4. Lease is a contract renting land, buildings, etc., to another; a contract or instrument conveying property to another for a specified period, Pre determined and cannot be broken without breaking the lease - Written

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Apartments and Home Rentals

What resources are available for convicted felons to find an apartment to rent?

Visit Urban Housing Solutions on the web. They place felons into apartments, and some are even based on your income.

You can also contact your local Housing and Urban Development (HUD) department and inquire about housing that is available to convicted felons.

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Auto Loans and Financing
Apartments and Home Rentals
Co-signing
Improving Your Credit Rating

Does terminating an apartment lease early damage your credit?

Please allow me to confirm that it CAN effect your credit. The apartment community typically, but not always, turns the accounts over to a debt collection agency. Once the agency has the account, they start sending letters, calling etc. The account is typically reported to the bureaus between 90-120 days after placement. The reporting is the first piece of leverage to get a debtor to pay. The goal is to get the money, not to prevent you from opening up an account at Best Buy. If you pay the collection agency quickly, you won't have a mark on your credit at all. You might even be able to pay a settlement rather than a full amount. Evictions however are reported independently through the county. Evictions by the way, don't drop off after 7 years, depending on the state, they can last a lot longer depending on the state. The FCRA (fair credit reporting act) says that an item on your credit can stay for 7 years from the date the debt was incurred OR the last payment date.

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Apartments and Home Rentals
Landlord-Tenant Issues
Homographs Homonyms and Homophones

What is the homophone for smallest in amount and rent under written agreement?

Rent

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Apartments and Home Rentals
Taxes and Tax Preparation
Income Taxes
Property Taxes

If you have a co-op unit in Manhattan you want to rent out or sell what sort of taxes would you have to pay?

[From Publication 527 at the IRS' website] If you have a cooperative apartment that you rent to others, you can usually deduct, as a rental expense, all the maintenance fees you pay to the cooperative housing corporation. However, you cannot deduct a payment earmarked for a capital asset or improvement, or otherwise charged to the corporation's capital account.

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Apartments and Home Rentals
Insurance
Renters Insurance

Can you share renters insurance with your roommates?

Renters insurance is definitely worth getting. Most agents or brokers from whom homeowners insurance can be purchased can also write renters insurance.

As for renters insurance being shared... since you are renting the premises, renters insurance covers contents only (not the structure of the building). The policy that you buy will specify the meetes and bounds of what is covered. It is important that you list on the application or other document tendered by the agent, the items that you wish to insure. The value of the items will determine the amount of coverage that you buy.

If you are buying the insurance with your roomate, be sure that both of you are shown to be insureds on the policy. Keep in mind, though, that if you part ways, the policy may have to be altered for the person who moved because the risk has changed (the property insured will be relocated to a new location).

Get receipts, photos, and descriptions ready for each of the items, especially the expensive items, and tell your renters insurance company that you want to add additional items to your renters insurance policy.

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