Gross Rental Puns

For example, If your FI number/budget is 80k/yr, and you have a rental that brings in 20k/yr, would you consider yourself FI when you can withdraw 60k from other investments(using 4% rule for ease)? So you would lower your FI investment number by 500k for every 20k in rental. Consider you calculated it in your FI number. If 80k is what you could FI off based on your current budget, and the mortgage is in your current budget, I would consider you only needed another 60. Plus, after 30 years it’s paid off

Problem: I’m trying to move out of this hell hole basement apartment where the landlords seemed nice but in retrospect we’re terrible and either hid things against the lease (Ie., said free laundry but I was actually paying for the whole triplex building laundry on my hydro for 3 years). Anyways when I moved in they didn’t even clean the place it was gross, the oven was mucked with grease inside, dust and dirty floors I cleaned toilets you name it. Anyways, after 3 years I finally moved out. However, the person above me moved out a month or two prior and apparently she left it a mess and they sort of asked if I could clean it. Out of kindness I did but this meant lots of garbage bags (3 more than usual) partially because throwing out old stuff.

Anyways raccoons have been breaking into our bins and he requested I don’t bring any more garbage out. Is this unreasonable considering I’m doing him a big favour of cleaning it spotless despite him giving me it looking like a trap house? Should I just put one more out and say fuck it his problem?

Background of type of landlord: Basically, I rent this place where the landlord lied to me about free laundry as it turns out I was actually paying the hydro for all the apartments laundry for 3 years, also managed to flood my basement walls due to his neglect by leaving the water valve on outside where the water pooled at my basement window and somehow seeped into the ground and into the walls leading to one wall becoming soft. Also, in my last month of tenancy I told him a few months ago there was a problem with the vanity bathroom sink leaking terribly and said they wouldn’t fix it in my last month making me wash my face brush teeth in the kitchen for a month. Also, had massive bug problems that he didn’t fix millions of ants on the spring Sumer transition and always gross bugs all over my apartment. I don’t leave food out so not food related. For an example one day I killed 10 mini flying bugs (not fruit flies) and 8 spiders in one nightmare my ceiling of my bedroom. This was a normal occurrence despite telling him.

Just found out my insurance only covers the rental of one breast pump per pregnancy.

Are they going to send me a previously rented breast pump? When I send mine back, are they going to send it to someone else?

I’m sure there’s some level of cleaning involved if this is the case, but it all still feels skeevy to me?

Thankfully we can afford to buy a new one if it comes down to it, but I still feel grossed out and disappointed.

Am I overreacting here? Lol

What is a realistic gross rental yield (=annual rent/property price) for Belgian real estate? A quick google search showed a 4,5% gross rental yield to be the average for Belgium, but that seems really high. For example, 4,5% gross rental yield would imply that you could ask a monthly rent of € 1.125 for a € 300.000 property.

What is, in your experience, a normal gross rental yield for Belgian real estate?

Sources:

• Global Property Guide
• Numbeo
• Expactica
• Market Screener

I will use non-employment income for a rented property in my name to partly meet a spouse visa financial requirement for my wife along with some savings.

Regarding the calculation in Appendix FM SE it states:

"The amount of rental income from property received before any management fee was deducted may be counted."

My rental gross monthly income before managing agent commission fees is 765 GBP, after they take their cut I usually receive 673 GBP in my bank account.

Can I use 765 GBP for the calculation to help meet the financial requirement?

Alway confirm if the price listed is ‘gross rent’ (the actual amount you will pay every month), or if it is net effective, an average of your monthly rent FOR THE FIRST YEAR ONLY. (ex. If the LL is offering 1 month free rent on a 12 month lease of a $2000 unit, then the free month is deducted from the yearly rent, and divided by the 12 mo., giving you the ‘average’ monthly rent after savings.

Ex. $2000 apartment with 1 mo. free on 12 mo. lease: $2000 x 11 = $22,000 / 12 = $1,833.33 This is why you’ll see lots of ‘bargains’ in your searches.

The ad should indicate at least in the body what the gross rent will be, but from experience, many don’t, so just ask.

If I make 100k a year at my job and my rental income is 50k for the year and let’s say I have 60k in rental income deductions does that reduce gross taxable income to 90k or does that only reduce the gross rental income which would result in on 50k deduction?

We just moved into a new place, and it's cheap but shitty, plus with the pandemic, maintenance is only doing emergency repairs.

I've been trying to deep clean the place, and the kitchen cabinets are extra gross. I was able to line all the drawers, but there are a LOT of cabinets and they're very dirty. Here is a pic of one after I Scrubbed it.

The cabinets are all particle board/falling apart. They're very old. The paint is coming up and there are dead bugs everywhere. I really don't feel comfortable putting things away in their current state.

Any advice on what to do? A cleaner that would work? Should I just put shelf liners in and forget about it? Any advice would be appreciated.

Hello all! My LDR girlfriend is looking to move in with me soon. She currently has a nice house in a great location that's really booming. I feel like it's going to appreciate a lot over the next 10 years and would like her to keep it as a rental property. We're weighing the options, and 1 piece of info is unclear to me: will she the net rental income or gross rental income be taxed on top of her regular income? It's clear to me that depreciation, mortgage interest, insurance, etc. is deductible, but I'm having a hard time determining if this means it's separately deductible from the standard deductible. For example, let's say the gross rental income is $1k / mo and the expenses are $500 / mo. The total deductions for the year would be $6k - well below the standard deduction. Does this mean she would have to report an additional $12k on her income at the end of the year while still opting for the standard deduction or would she report the net +$6k to be taxed off the top? TIA!

An English friend of mine says that this is “quite low”, compared to what he’s experienced back in the UK, Everywhere I look online here seems to indicate that about 5.5% gross is a pretty good deal.

I realise that the market you’re operating (I.e. the city) has an impact. For reference, we were discussing Canberra and Adelaide.

Real estate investors of Australia, what do you think?

Hey, we (4 19/20-year-olds, Minnesota) moved into a house this fall and it was pretty disgusting. Obviously we didn't renew the lease and while looking for a new house, we looked more into the company, house, and our rights as tenants.

The longer we're in this house, the more I wonder if we have a case against the landlords for handing us a house unfit to live in. Here's what we moved into:

• Everything leans away from the middle of the house. Pencils literally roll on the floor, and the porch is a good 1.5 inches lower on one side

• One of the windows was shattered on our move-in day. Glass all over the floor.

• My roommate's egress window was completely overrun with vines, her dad had to come in with those bush clippers and a rake to clear her window.

• There was both a wasp problem in the attic above the upstairs bathroom window and a mouse problem throughout the house. They sprayed the wasps once and the mouse problem was FINALLY professionally delt with about 2.5 weeks ago.

• There was vomit all over the upstairs bathroom door as if someone didn't quite make it to the toilet in time.

• There was hair and dirt in the shower/bath

• Our dryer wasn't hooked up properly (had the wrong fittings according to the guy that "fixed" it) so it would pump out hot damp air into the basement. Instead of getting proper fittings, he just used metal tape to tape the exhaust pipe to the dryer. I've had to do this twice since then

Lastly and most importantly, when we got the dryer "fixed" we complained of a sort of gas smell, which the maintenance guy told me was the exhaust from the dryer that's been blowing into the basement. It didn't go away and a visiting parent finally made us call CenterPoint energy.

We had been living in a house that has 3 small gas leaks for nearly 4 months.

• They became another company without warning us of the takeover. The initial email actually said it was a name change, but two days later they're like "sorry for the confusion, we were actually bought out by _____, don't worry, your leases are still the same"

• They enter without giving warning ALL THE TIME. Including just walking into the house while my roommate was showering to take the heaters that they gave us for our frozen pipes (also our pipes froze). They also had an unmarked guy (no company identification) coming around and testing keys on the door. Got the email for that event 2 days later.

• They haven't upheld part of their lease. They were supposed to paint the dow

?

For instance, if you got a duplex of say two, two bedroom apartments. I'm just curious how people calculate what would be affordable.

TLDR: Disgustingly unclean room, fire hazards, managers ignored us for 4-5 days, only had excuses to offer, and broke the law.

WARNING: GROSS PICTURES HERE

We unfortunately rented a room in Water House unit 6204 in Breckenridge managed by Summit Mountain Mountain Retreats and it was the most disgusting room we've ever stayed in. It was so bad we've already contacted the local health department.

The Director of Operations should also be aware of the Consumer Review Fairness Act passed in 2016 which makes her telling my friend, "We'll waive the cleaning fee if you don't post a negative review" illegal and it has been reported to the Colorado State Attorney General and the Better Business Bureau. AirBnB even told my friend this was extortion by management, also illegal.

For starters, THEY DO NOT CLEAN OR MAINTENANCE THE ROOMS! Here is our list and accompanied by some pictures attached:

1. There are boogers wiped on the wall by the toilet AND on the nightstand in the second room which were ABSOLUTELY DISGUSTING!!!
2. Used paper towel and popcorn under the dinning table.
3. Comforter has red, yellow, and brown human waste looking stains on it.
4. Dirt was sticking to our feet throughout the kitchen and bathrooms.
5. Long black hairs all over the 2nd bathroom floor in front of the sink.
6. Several lights burned out in the kitchen and bathroom.
7. Lamps missing dial knobs to turn them on.
8. Woman's hair pins on the nightstand.
9. Dirty dish rags on the kitchen counter stained every different color.
10. Layer of dust on the oven hood and every other surface above 4 feet.

Literally the only thing they did was put out towels. They obviously did not vacuum, sweep, wipe down, dust, or wash anything else. We ended up sleeping with all our cloths on and the cleanest looking blanket from the top bunk in the next room.

Yes, we did call the company but only their 1st level staff answered and even though they assured us a manager would follow up, they didn't until 4-5 days after. We called every day, sometimes several times a day, we have phone records to prove this. Her staff outed her by telling us she was in the office and would call us back, never did so we followed up several hours later, and they said she just left completely ignoring us. How unprofessional. When we finally did hear from the Director of Operations she offered nothing but poor excuses. It was not only pathetic, but down right insulting, telling us it was uncle

Denial was due to this open case for a non violent, non forgery crime. I had a DWI gross misdemeanor in 2005. Nothing in between. No felonies. Their policy for criminal background check is just that. It doesn't get in to specifics. When I did the walk through she said the background check is for felonies. I was denied. Are landlords able to pick the renters they want no matter what or are there some laws about this. I was denied for a case where no one found me guilty.

I got a dataset for my local area that has the following data.

• Suburb
• Property Type (house, apt)
• Bedrooms
• Bond (number of rentals)
• Median Rent
• Median predicted value
• Gross Yield
• Annual Rent Change
• Annual predicted value change

How big a grain of salt should i do the analysis with?

What issues should I look out for?

What kind of ranges should I target?

I don't think I'm in a position to invest yet, so I'm looking at this more as a paper exercise to train myself how to look for target markets.