Tag: Rent

Is Renting Still the Better Deal?

“Renting is the cheaper way to go!” Is this widely believed “fact” still true?  According to the latest research, renters spend 5% more on housing than home owners.  To find out why it’s more logical to just buy a home, rather than rent, and how the times have changed, visit Renters Outspend Owners on Housing.

This is what the West End needs..

to prevent the break-in’s and vandalism  on our vacant homes..

Company Offers Rent-a-Residents

A company called Showhomes Management LLC is taking staging one step further by hiring resident managers to occupy vacant high-end homes, furnish them, and keep them spotless until they sell.

There are about 2.2 million vacant homes for sale, according to census data. And that means the Nashville-based company, which has business operations is 34 states, is doing fabulously.

“I hate to be the one positive person in the real estate market,” he said. “We’re really excited about the bust because there are so many vacant homes. We can be really selective — almost picky,” says Thom Scott, vice president of operations.

Home managers actually pay Showhomes to do the job – about $1,200 a month to live in the houses, which are often multi-million dollar mansions. In return for the bargain rent, they are expected to fill the homes with nice furniture and keep the properties open house ready. The deal lasts until the home sells – usually five or six months.

Scott says finding managers isn’t hard. Often people who have just sold their own expensive home sign on. Newly transferred executives are also likely candidates.

Source: Chicago Tribune, Mary Umberger

Historic West End Victorian!(Sale, Lease, Lease Purchase)

Buy, Lease or Lease Purchase this beautiful 3bed/2.5 bath home (with bonus room) in the heart of the Historic West End on Oglethorpe! This home is loaded with many original details and character- ready and waiting for your touch!The seller will add a new HVAC, Furnace and Plumbing to help you get started.

Lease terms $1200 per month/ 1000 deposit, 12mths lease. For purchase or lease purchase- let’s talk. 404-414-3289

 

Make Some Money With Your House

For owners of vacation homes or properties in tourist-friendly areas, here’s a money-making tip.
If there’s a major sporting event or arts festival in their town, make some extra money by renting your primary or vacation home to tourists and moving elsewhere for a couple of weeks.
If you rent your home for 14 days or less in a given year, you don’t have to pay any tax on the rental income, says Bob Scharin, senior tax analyst for Thomson Reuters. You don’t even have to report the income to the IRS, he says.
If you rent your vacation home for more than 14 days, you’ll have to report the income on Schedule E when you file your tax return. That’s not as bad as it sounds, because you’ll also be permitted to deduct expenses, such as insurance, utilities, property management fees, and depreciation.
Source: USA Today, Sandra Block