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Real Estate and Home

10 Tips for Buying a Residential Rental Property, Part 5: Simplicity, Accessibility, Replaceability

by Sasha

So you’ve found a property at the right price, in the right neighborhood, and in compliance with local rental and parking regulations. But what about the structure of the building itself, its surrounding property? My next tip addresses just that. 5. Look for simple construction, with systems accessible and materials simple to replace. That Victorian ... Continue reading this article…

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Accidental Landlords

by Sasha

As you might have noticed from my rental articles to date, I believe that landlording is a serious responsibility, not to be undertaken lightly. You can realize serious benefits from a rental property, but also serious repercussions. Because of this, I read today’s CNN Money article on so-called “accidental landlords” with great interest. In the ... Continue reading this article…

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10 Tips for Buying a Residential Rental Property, Part 4: Ensure Proper Parking is Available

by Sasha

In my last entry in this series, I discussed local rental regulations, “invisible” factors which can have a huge impact on your rental experience. One type of regulation which can particularly impactful concerns parking. 4. Ensure proper parking is available. In one local township, parking requirements for rental and residential real estate differ substantially. While ... Continue reading this article…

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10 Tips for Buying a Residential Rental Property, Part 3: Be Aware of Local Rental Regulations

by Sasha

In my last entry in this series, I talked about how to find the right neighborhood if you’re looking to buy a rental property. But there’s more to understanding an area than just seeing the neighborhood: invisible factors which could cost you big-time. Here’s my next tip. 3. Be aware of local rental regulations. In ... Continue reading this article…

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10 Tips for Buying a Residential Rental Property, Part 2: Find the Right Neighborhood

by Sasha

As I mentioned in my last entry on this topic, rental property ownership can reward or punish you for decisions made during the buying process, so it’s crucial to make the right ones. It’s about much more than just getting the right price. Here’s my next tip in the series. 2. Find the right neighborhood. ... Continue reading this article…

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10 Tips for Buying a Residential Rental Property, Part 1: Buy at the Right Price

by Sasha

This is the first in a ten-part series about residential rental properties based on my experiences. Looking to diversify your investments and take advantage of the current dip in real estate prices? While by no means a passive investment, if you’re up to the challenge, residential rental property ownership can provide not just additional short- ... Continue reading this article…

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Homeowners Out of Touch With Reality

by Luke Landes

I have limited access to the internet over the next few days, so there may be only sporadic posting on Consumerism Commentary during that time. I saw Les Christie’s article, Out of Touch With Realty Reality, last night and I found it interesting. If homeowners are convinces that their homes are increasing value even in ... Continue reading this article…

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Moving In: Setting Up My Utilities

by Luke Landes

Last week, I called my gas and electricity provider, PSE&G, to transfer my account from my old apartment to the new. The phone system said that I should complete my request online, so that’s what I did. It’s a good thing I called the back earlier this week to verify they had my information. As ... Continue reading this article…

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My Expenses Will Climb in Less Than One Month

by Luke Landes

I recently decided to move to a new apartment rather than stay in my current apartment or buy a house. It’s a bit of an upgrade for me, and it’s been a long time coming. I haven’t written much about the financial effects of this decision other than to say it will be less expensive ... Continue reading this article…

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Where to Put an Unexpected $5,000, Part 3

by Luke Landes

If you’ve been lucky enough to come across $5,000 for which you haven’t been planning, you may be wondering what the best plan would be. Considering CNN has 43 suggestions for you, there are many options. I’ve had some thoughts on CNN’s list which I’ve shared so far here and here. Here is the next ... Continue reading this article…

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3 Reasons Not to Buy a Home

by Luke Landes

On Sunday, I noticed yet another new article describing the benefits of renting over buying a house. I’ve been following these articles with interest as my lease is getting closer to its end date six weeks from now, and I’ve been thinking about what to do. In this article, Liz Pulliam Weston provides 3 reasons ... Continue reading this article…

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Renting Makes You Richer

by Luke Landes

Over the weekend, Moom left a comment on 7 Ways to Kill Your Net Worth after observing a number of mainstream media articles touting the idea that real estate — your own home — is not a good investment. Interesting how now that the housing market is stagnating or going down in many regions there ... Continue reading this article…

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My Next Step: Two Bedroom Condo or More Renting?

by Luke Landes

Those who have been following my travails closely may have a feeling I might need to start contemplating my living situation. About a year ago, a chronicled my adventures looking for an apartment with my girlfriend (one, two, three, four, five, and six) which ended unsuccessfully and with a bit of a scuffle with the ... Continue reading this article…

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Guest Post: 10 Questions With a Professional Real Estate Investor

by Luke Landes

If you’ve ever wondered what it’s like to be a professional real estate investor, Jon’s blog will be helpful. Jon runs 4 real estate companies, managing a total of $50 million in real estate. He does this all while living with Spinal Muscular Atrophy, a degenerative neuromuscular disease. In this guest post, Jon shares answers ... Continue reading this article…

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Guest Post: The Real Estate Bust Around the Block

by Luke Landes

This is a guest post by SVB, the Silicon Valley Blogger. She is a software engineer juggling a family, an IT job, and running her household. At The Digerati Life, SVB discusses finance and business with how-to articles as well as personal stories. I decided to take a nice stroll down our street after months ... Continue reading this article…

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The Cost of Buying a Home: Projected Improvements

by Luke Landes

Last week, I cited an article in the Wall Street Journal outlining the true cost of owning a home over 30 years, which includes much more than just the mortgage. The main issue within the article is a warning to those entering retirement counting on not much more in the way of savings other than ... Continue reading this article…

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The Cost of Buying a Home Over 30 Years

by Luke Landes

So you think it’s such a great decision to buy a house? Well, you need a place to live, and it’s better to own, right? Well, the cost of owning a home is something rarely described by proponents. Buy at $300,000, sell at $1,000,000 thirty years from now (an average 5.66 percent annual growth rate) for ... Continue reading this article…

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Investing: Real Estate vs. Stock Market

by Luke Landes

Reminder: This week I am giving away a copy of The Maui Millionaires. There is still time left to enter the random drawing. It’s easy. The gurus tout real estate, real estate, real estate as the way to get rich. It’s perpetuated in the media, penetrating a number of people I know who generally speak ... Continue reading this article…

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Estimating Asset Values and Asset Depreciation

by Luke Landes

In response to my latest balance sheet, Wacko asked a question: Any pointers on how to calculate an automobile’s depreciation? Obviously I can look at Kelley Blue Book, but I do not know the monthly depreciation. Also, I was wondering if anyone knew of an accurate way to determine the value of one’s home. I ... Continue reading this article…

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Money Magazine: 25 Rules to Grow Rich By, Part 1

by Luke Landes

Money Magazine seems to be publishing some good content lately. First, it was 7 shortcuts for major money hassles, and today it’s a larger feature on 25 rules to help you grow rich. I’ve never been one to play by the rules, which in my opinion, are made to be broken. In fact, I hate ... Continue reading this article…

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