All articles tagged with #rental property
The article discusses potential legal issues in Letitia James' mortgage contract, where ambiguous language could undermine fraud allegations, as experts suggest the contract does not prohibit renting the property and the indictment lacks concrete evidence of criminal intent.
Real estate investing may not be as passive as claimed, with rental property maintenance requiring continuous work. Instead, investing in dividend stocks like Altria Group and British American Tobacco can provide passive income, with $50,000 potentially yielding approximately $4,500 annually. Altria Group's dividend yield is 8.58%, while British American Tobacco's is 9.37%, and both companies have strategies to counteract declining cigarette volumes. These investments require minimal effort compared to managing rental properties, making them an attractive option for generating passive income.
Edinburgh tenant Jason Chen recorded a secret video of a rent dispute with a man he believes to be his landlord, Mark Fortune, who denies the claim and says he was at the dentist in France at the time. Chen's flat went without hot water for 28 days, leading to a confrontation where the man threatened to cut off utilities and waved a stool. Chen reported the incident to Police Scotland, while Fortune, a controversial businessman with previous tenant complaints, denies sending threatening messages and accuses Chen of vandalizing the property. The police investigation is ongoing.
Walt Disney's four-bedroom home in Los Feliz, where he created Cinderella and Pinocchio, is available for rent at $40,000 per month. The 6,400-square-foot home, which took Disney three months to build in 1932, features original details such as a spiral staircase, stained-glass windows, vaulted wood-beamed ceilings, and hand-painted murals. The home was restored by film director Timur Bekmambetov over the last decade and has a screening room where Disney used to watch dailies and first-runs with his family.
Actor Donald Sutherland's former oceanfront Santa Monica home, where he lived for 36 years, is up for rent for $12,000 per month. The three-bedroom, two-bathroom townhome was designed by Sutherland and features a glass deck overlooking the ocean, a spa-like dual shower and steam room in the master bedroom, and a nautical theme throughout. Sutherland now lives in a two-bedroom, 2.5-bathroom ocean-view condo in Miami Beach with his wife.
Two realtors from Austin, Texas, purchased a tiny home for $50,000 from Facebook marketplace and are renting it out as a fully functioning 200 square foot apartment. They used an RV loan to finance the purchase and placed it in the backyard of a property they already owned. The tiny home has a full kitchen, bathroom, washer and dryer, and modern wood and granite finishes. The realtors hope to pay back their RV loan within a short window by renting out the property.