Archive for the ‘Renting’ Category

Are you a landlord or a house owner who has let out a house on rent? If yes, then you might be running the risk of default on payment of rent. You can not predict when the tenant may miss out on paying the rent. As a landlord, you may be prone to suffer heavy losses when tenants default on making payments. If you were to find yourself in a similar situation, how would you cope up with the situation? The only way to deal with such a situation would be to get rent guarantee insurance.

With this kind of insurance cover, for a relatively small annual fee, landlords can protect against loss of rent. Landlord rent protection insurance is combined with Legal Assistance Insurance wherein the landlord’s legal costs of recovering rent and/or evicting a non-paying tenant are covered.

With help from rent guarantee insurance, a landlord can get the rent on time. He can be rest assured of getting the rent easily with its help. Herein, tenants are professionally credit checked before handing over the keys. This kind of insurance is very useful as it helps them keep their property protected without a letting agent, as the necessary checks involved actually tend to deter rogue tenants.

With rent protection insurance a landlord can protect his interests. Tenants who are likely to default on paying rent can keep themselves protected. Rent guarantee insurance is a type of insurance that keeps a landlord protected against any kind of proceedings to evict the tenant from the rented property where applicable. If you are protected against voids and non-payment of rent, including legal expenses and the cost of evicting tenants, you can make it happen through this kind of insurance. Rent guarantee protection service can help you keep protected.

By availing this kind of insurance, you can look forward to:

o Instant protection if your tenant fails to pay the rent
o Cover up to £2,500 a month in rent
o 6 or 12 month cover option
o Payment within 14 days of default, minus excess
o Expenses for legal action and tenant eviction
o Get Rent Guarantee insurance cover from less than £10 a month and protect against non-payment of rent in a short period

Rent Guarantee and Legal Protection can help you keep protected against all kinds of risks that you may be prone to against tenants. Now, without worrying about the tenants, you can lend your house or property safely.

Sadhna D, Expert Author

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Buy to Let Landlord Insurance:

Buy to Let Landlord Insurance

Author: Sadhna D
Article Source: EzineArticles.com
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Are you a landlord or a house owner who has let out a house on rent? If yes, then you might be running the risk of default on payment of rent. You can not predict when the tenant may miss out on paying the rent. As a landlord, you may be prone to suffer heavy losses when tenants default on making payments. If you were to find yourself in a similar situation, how would you cope up with the situation? The only way to deal with such a situation would be to get rent guarantee insurance.

With this kind of insurance cover, for a relatively small annual fee, landlords can protect against loss of rent. Landlord rent protection insurance is combined with Legal Assistance Insurance wherein the landlord’s legal costs of recovering rent and/or evicting a non-paying tenant are covered.

With help from rent guarantee insurance, a landlord can get the rent on time. He can be rest assured of getting the rent easily with its help. Herein, tenants are professionally credit checked before handing over the keys. This kind of insurance is very useful as it helps them keep their property protected without a letting agent, as the necessary checks involved actually tend to deter rogue tenants.

With rent protection insurance a landlord can protect his interests. Tenants who are likely to default on paying rent can keep themselves protected. Rent guarantee insurance is a type of insurance that keeps a landlord protected against any kind of proceedings to evict the tenant from the rented property where applicable. If you are protected against voids and non-payment of rent, including legal expenses and the cost of evicting tenants, you can make it happen through this kind of insurance. Rent guarantee protection service can help you keep protected.

By availing this kind of insurance, you can look forward to:

o Instant protection if your tenant fails to pay the rent
o Cover up to £2,500 a month in rent
o 6 or 12 month cover option
o Payment within 14 days of default, minus excess
o Expenses for legal action and tenant eviction
o Get Rent Guarantee insurance cover from less than £10 a month and protect against non-payment of rent in a short period

Rent Guarantee and Legal Protection can help you keep protected against all kinds of risks that you may be prone to against tenants. Now, without worrying about the tenants, you can lend your house or property safely.

Sadhna D, Expert Author

Building and Content Insurance:

Building and Content Insurance

Buy to Let Landlord Insurance:

Buy to Let Landlord Insurance

Author: Sadhna D
Article Source: EzineArticles.com
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Are you a landlord or a house owner who has let out a house on rent? If yes, then you might be running the risk of default on payment of rent. You can not predict when the tenant may miss out on paying the rent. As a landlord, you may be prone to suffer heavy losses when tenants default on making payments. If you were to find yourself in a similar situation, how would you cope up with the situation? The only way to deal with such a situation would be to get rent guarantee insurance.

With this kind of insurance cover, for a relatively small annual fee, landlords can protect against loss of rent. Landlord rent protection insurance is combined with Legal Assistance Insurance wherein the landlord’s legal costs of recovering rent and/or evicting a non-paying tenant are covered.

With help from rent guarantee insurance, a landlord can get the rent on time. He can be rest assured of getting the rent easily with its help. Herein, tenants are professionally credit checked before handing over the keys. This kind of insurance is very useful as it helps them keep their property protected without a letting agent, as the necessary checks involved actually tend to deter rogue tenants.

With rent protection insurance a landlord can protect his interests. Tenants who are likely to default on paying rent can keep themselves protected. Rent guarantee insurance is a type of insurance that keeps a landlord protected against any kind of proceedings to evict the tenant from the rented property where applicable. If you are protected against voids and non-payment of rent, including legal expenses and the cost of evicting tenants, you can make it happen through this kind of insurance. Rent guarantee protection service can help you keep protected.

By availing this kind of insurance, you can look forward to:

o Instant protection if your tenant fails to pay the rent
o Cover up to £2,500 a month in rent
o 6 or 12 month cover option
o Payment within 14 days of default, minus excess
o Expenses for legal action and tenant eviction
o Get Rent Guarantee insurance cover from less than £10 a month and protect against non-payment of rent in a short period

Rent Guarantee and Legal Protection can help you keep protected against all kinds of risks that you may be prone to against tenants. Now, without worrying about the tenants, you can lend your house or property safely.

Sadhna D, Expert Author

Building and Content Insurance:

Building and Content Insurance

Buy to Let Landlord Insurance:

Buy to Let Landlord Insurance

Author: Sadhna D
Article Source: EzineArticles.com

Rent then buy or rent-to-own is one of the marketing strategies being applied by real estate brokers these days. It is a very engaging strategy since it allows the renter of the unit to have the option to buy the property afterwards. This transaction is also sometimes referred to as lease-to-own or a lease purchase.

Rent then buy transactions are usually initiated by the renter the moment an option fee, usually amounting from 1% to 5% of the selling price of the house, has been paid. Afterwards, the renter of the unit pays for a certain amount of money representing the rent and an additional rent premium that is also charged to the purchase price. At the end of the term, the renter has the option to buy the property. If not, he loses the option fee and the additional rent premium that had been charged to the selling price of the unit.

The advantage of rent then buy transactions is that it allows for lower cash out in the beginning of the transaction. For some buyers, the purpose of entering into this kind of transaction is to have the exclusive right to buy the house without the presence of banks or other financial institutions upfront. It is usually cheaper to rent than to buy a home directly. The buyer also has greater flexibility to rent a property first before buying it, giving the buyer the choice to buy the property or not in the end. With the rent then buy set up, your monthly overhead remains the same and is not affected by interest rates. Also, the repairs and maintenance of the house will not be your burden. The most significant advantage that this transaction offers is that you could secure a home immediately even with bad credit. The rent then buy transaction allows you to repair your bad credit standing while building up a better one to obtain financing.

The disadvantage of a rent then buy transaction is mainly the financial risk. This arises in the event that the buyer decides not to exercise his right to purchase the property at the end of the lease period. The amount of purchase option as well as the additional rent premium will be forfeited upon the termination of the lease. Another disadvantage of this transaction is the unavailability of inventory to the buyer because most sellers need to liquidate immediately to purchase a new home.

The rent then buy transaction offers advantages and disadvantages at both sides. The best way to treat it is to weigh which is more applicable to you as a buyer. The rent then buy transaction is a fast becoming the trend in real estate markets because of the flexibility and convenience it offers when it comes to cheaper charges and the allowance to buy the property afterwards. More people are looking for alternatives to buy their own homes. The rent then buy transaction allows for buyers to secure a home without a perfect credit history thus making it a more viable choice. This method is usually utilized by those who do not have enough money to pay for the down payment of a house or to secure a house in the traditional manner. Still, proper precaution is very important when entering into these kinds of transaction.

Are you ready to learn all about Rent Then Buy? Visit http://www.easynocashdown.com/ today for more information!

Author: Jared D. Ingram
Article Source: EzineArticles.com
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Lease Purchasing is a fascinating concept that allows a prospective tenant the realistic possibility of becoming a home owner, sooner rather than later. I currently work in an office in which the demographic tends to be people in their late 20′s or early 30′s that have recently graduated from College or University. The majority of people I work with rent homes or apartments within the Greater Toronto Area. Over the past couple of months I have started a number of casual conversations with people asking why they choose to rent instead of rent to own or lease purchase a home. I figure why pay a landlord monthly rent that ends up paying his mortgage instead of building equity in a home of your own?

There are a number of obvious reasons why it is not easy, nor practical, for some people to buy a home outright in today’s economic environment. Through my many conversations with my work associates, I constantly hear all the usual reasons that keep people from home ownership. They include: having bad credit, not having enough money for a down payment, they cannot afford the upkeep of owning a home, and many other seemingly legitimate reasons. Having said all that, I never heard anyone say that they had no interest in owning a home. In fact, everyone I talk to say their goal is to either save enough money for a down payment and eventually buy a home or wait a few years and fix their credit so a financial institution will grant them a mortgage. These are all plausible strategies to home ownership. However, what they have in common is that they postpone home ownership for the future and they do not allow for equity building in their dream home right now.

The main problem is that a majority of people think that the only way to own a home is through the traditional method of saving up for a down payment and applying for a mortgage. In the meantime, they are spending thousands of dollars per year in rent and helping someone else pay down their mortgage instead of doing that for themselves. We live in an era where the constant mantra is: “one must think outside of the box”. This quote could not be any truer especially in today’s economic environment where banks are no longer freely lending money to people. Credit scores today must be in the 650 range to be in the ballpark for mortgage financing. As a result, cancelling credit cards is not a real option because it can negatively affect your credit score yet having too many credit cards or a credit line also drops that score because you have too much exposure to debt. In short, the banks are finding reasons not to lend people money. Therefore, less people are being approved for mortgages and as a result they feel forced into renting. As a result, they postpone, if not forget about, their dream of home ownership and getting on the right track to financial stability.

However, why feel pressured to rent and waste your money when you can Lease Purchase, also known as, Rent to Own? The simple explanation of a lease purchase transaction is that a deal is set up with the home owner in which a standard lease is agreed upon. What is different is that the tenant/buyer is afforded the option, for an agreed upon non-refundable option consideration fee, of purchasing the property at any time during the lease term.

One of the many advantages of lease purchasing is that the tenant/buyer gets to live in the home and decide whether he likes the home or the area. It gives the tenant/buyer the time to determine if the home is in good condition or if it needs major repairs. In short, the tenant gets the opportunity to try out the home before exercising the option to buy. Better still, if the property is not what the tenant/buyer wants by the end of the lease period he does not have to purchase the home. There are no penalties, no hard feelings, or added fees. Remember it is an option, not a requirement, to buy.

As terrific as the above described scenario is, from the tenant’s perspective, it can be taken to the next level. A properly structured Lease Purchase contract can get the tenant/buyer even more advantages than a simple lease purchase deal. A well structured lease purchase deal will allow the tenant/buyer the benefit of having his rent money work for him instead of the landlord. This is possible through a proper deal being negotiated with the right wording and clauses in the contract. For example, one can structure a lease purchase deal that will provide the tenant /buyer with as much as 100% rent credit. A deal like this means that all the monthly rent monies can be credited towards the purchase price of the home if the tenant decides to exercise the option to buy. For example, if the monthly rent of $1000.00 is due on the 1st of each month and the tenant pay’s on time every month, a total of $12,000 is credited towards the purchase price of the house at the end of the year. One must remember, had the tenant rented that same home with a traditional tenant landlord agreement then the whole year of rent money would go directly into the landlord’s pocket and the tenant would have nothing to show for it.

Another advantage is that a tenant/buyer is able to get into a home for as little as 2 to 10% of the purchase price of the home. This payment is referred to as a non-refundable option consideration fee, as mentioned previously. This money is given to the landlord as payment for the option to purchase the property. Depending on the structure of the deal, this money may be also credited towards the purchase price of the home. For example, if the deal required 5% option consideration money and the agreed sale price of the home is $100,000 the tenant /buyer would have to provide $5000.00 upon the agreement of the lease purchase contact. In addition, if the deal was structured to include 100% rent and option money credit then the deal would be as follows: (using the numbers above) $12,000 of rent credit would be applied for the one year of on time rent payments. In addition, $5000.00 of option consideration money would also be credited towards the purchase price for a total credit of $17,000 on the purchase price of the home. That is money that is working for the tenant and not the landlord.

There are many reasons why people decide to rent over owning a home. However, if your ultimate goal is to be a home owner, and you are currently renting, why not consider Lease Purchasing?It allows a renter the time to: build equity through monthly rent credits, build up struggling credit scores so that the banks can approve the mortgage at the end of the lease term, and time to test drive the home and neighbourhood before committing to living there long term.

All the benefits of a lease purchase deal described above demonstrate that good tenants really cannot afford to continue renting in the traditional manner. The only solution for tenants that are looking to get ahead and realize their dream of home ownership, sooner rather than later, is to get into a lease purchase deal and begin building their own personal equity and financial futures today!

My name is Sam Giuliano and I am a Lease Purchase Specialist. I am the owner of RTO Home Solutions which is a lease purchase company located in Toronto, Canada. RTO Home Solutions looks to help home owners find that dream tenant and tenants find their dream home. Lease Purchasing is the answer to plenty of issues that currently exist in the real estate market today. We understand that credit markets are tight in today’s world and getting a mortgage is not easy. Having said all that, we believe that tight credit markets should not hold anyone back from realizing their dream of home ownership. As for the owner/landlords; it is time that you finally got the great tenant you have always deserved! It really is a WIN-WIN solution for everyone. If you are interested in Lease Purchasing homes or would like to learn more about this real estate tool and do your own private deal, set up your own lucrative business, or coach others please contact me at sam@rtoanswers.com.

Author: Sam Giuliano
Article Source: EzineArticles.com
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Finding a place to live and call home can be a stressful experience. Whether your current lease is ending or your current living arrangements just aren’t suitable any longer, finding a proper living arrangement can be difficult. If your budget is restrictive, renting your own place might not be feasible; fortunately, finding rooms to rent is a very affordable – and attractive – alternative. Indeed, thousands of people opt to rent a room and share expenses rather than take on everything alone. Is finding a room appropriate for you? Below, a few key things to keep in mind.

The Savings

The number one reason that people choose to rent a room rather than lease an entire flat or apartment is purely financial. Some just do not want to part with a huge portion of their monthly income in order to have a bed to sleep in; others may prefer to spread the expenses out among others, so that they are not solely responsible for the extraneous costs of renting an entire flat. Regardless of reason, there is no question that renting a room is just about the most affordable living arrangement available today.

When seeking rooms to let for budgetary reasons, make sure that you have developed firm numbers in your mind regarding what you can afford. Be sure to take additional expenses – like utilities – into consideration as well. Be practical in terms of where the room you wish to rent is located; more desirable neighborhoods do come with heftier price tags, even for room rentals.

The Convenience

Another reason why many people opt to let a room is for the sheer convenience of the arrangement. Needing only to be responsible for a single room – as opposed to an entire flat – means saving a lot of time in upkeep and cleaning. Many room renting situations do require renters to pitch in and help out in common areas of the place – like the kitchen or bathrooms – but this is still minor work compared with maintaining an entire flat oneself. Those with very busy schedules – like university students – find that renting a room is a very attractive option for this reason.

The Location and Community

Sometimes, renting a room is the only practical way of living in or near a very desirable neighborhood or area in a city. Flats in very trendy areas, for example, tend to come with very high monthly rents. Whether you wish to rent in a particular neighborhood simply for its popularity – or if you work or need to study there – finding rooms to rent can help make it a real possibility.

Additionally, some people just do not enjoy living alone. Renting an entire apartment to oneself can, indeed, be a lonely experience. For those who want an easy opportunity to socialize, then, renting a room is a great option. It is little wonder that so many houses on campuses around the country are full of young students renting rooms – its partly for convenience, and definitely partly for the chance to be among others their own age. Renting a room provides the chance to be among ones peers.

I recommend LetsRoommate for house share and rooms to rent services.

Author: Hari Steve
Article Source: EzineArticles.com
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