Sentences with phrase «rent out their unit on»

(According to another recent report from the city's planning department, a host would have to rent out a unit on Airbnb for 257 days to reap more income than renting it to a tenant.)

The condominium has to then enforce that rule against the owner who is using Airbnb to rent out their unit on a transient basis.

Not exact matches

One thing that remains to be seen is how local regulators will respond, especially in cities like New York where it's illegal to rent out one's full unit in an apartment building on Airbnb for less than 30 days.

However, the report focuses largely on commercial hosts, who don't live in their units and rent them out for income, raising concerns of possible evictions «if a landlord concludes that they can earn more from short - term rentals than from a long - term tenant.»

The company supports a bill from Brooklyn Assemblyman Joseph Lentol and state Sen. John Bonacic that would let apartment residents rent their units out for fewer than 30 days, while the hotel industry is backing an opposing bill that would require people advertising apartments on home - rental platforms to include location details.

A Manhattan Judge ruled that a single - room - occupancy hotel on the Upper West Side must stop renting short - term rooms out to transients and tourists — after attorneys for the building's tenants filed suit alleging the company was in violation of a March court ruling that said units could not be rented for less than 30 days.

New York City officials issued a summons to the owner of a condominium at Trump Tower that gained notoriety after being rented out on Airbnb, determining that the unit was being illegally advertised for rent.

«This bill will have a chilling effect on unscrupulous landlords renting out affordable housing units as illegal hotels,» Johnson added.

Ms. James, a Brooklyn Democrat, laid out an aggressive agenda to curtail the powers of landlords, including an end to vacancy decontrol for units in the rent control system, a ban on property owners from increasing rents on vacant units, and a repeal of the Urstadt Law that puts the city's rent laws in the hands of the State Legislature.

The module could be rented out as an ISS storage unit, making the station less dependent on frequent resupply flights, says Hiroshi Kikuchi of JAMSS.

FHA programs, which are intended for owner - occupants, also allow borrowers to rent out a separate unit on the property, be it a duplex, triplex or four - unit; however, a rental income factor applies.

If you rent out an apartment in your home, can you claim a deduction on the expenses related to the unit?

Anecdotal evidence suggests the vast majority of pre-construction sales are to investors who intend to sell the units on completion or rent them out.

Many investors begin their residential real estate investing by buying a duplex and living in one of the units (perhaps on the main floor) and renting out the basement.

For instance, an investor who buys a six - plex and lives in one unit, while renting out the other five, can not shelter the capital gains earned on that property by using the principal residence exemption (PRE).

The number of new «Acessory Dwelling Unit» permits are skyrocketing and even tiny houses on wheels will soon be deemed «ADU's» making them legal to live in and rent out.

The current rent is $ 1,000 for a 1BD / 1BA 600 + unit in San Diego, CA and the new landlord states that the going rate for a unit that same size is on average about $ 1400 and is willing to give the tenant $ 400 for every month left on their unit, which comes out to roughly about $ 4k.

Whether your condo is rented on a daily, weekly or monthly basis, our agency can assist you with 1 policy that allows you to stay in the unit for part of the year, while you rent out the condo as a vacation rental for the remainder of the year.

Whether your condo is rented on a daily, weekly or monthly basis, our agency can assist you with 1 policy that allows you to stay in the unit for part of the year, while you rent out the condo as a vacation rental for the remainder -LSB-...]

Some buildings place restrictions on how many units can be rented out at a time, so if you plan to rent out your condo, make sure you understand the rules.

Take out a mortgage on a unit for this price, compared to paying the average monthly rent for a 2 - bedroom apartment in the city, $ 4,042, and buying does become cheaper over time — but crunch the numbers, and it'll take you 11 years into a 30 - year mortgage before you start to see savings take effect.

Inside a refurbished building on the Williamsburg, Brooklyn waterfront, upstairs from the small retailers of holistic products and past the tiny box offices rented by independent designers, the staff at PolicyGenius sprawls out across several units, working with some of the largest insurance companies to refresh the digital insurance buying experience.

Renting out a property or unit on a short - term basis requires a business policy because you would fall under the category of a hotel or motel.

They assume, as do so many other people, that the policy that the landlord takes out on the building he or she owns and rents to others will be comprehensive of the individual units in which their tenants reside; and it is, but only for damage to aspects that are specifically the property of the lessor.

The specific policies and coverage you need will depend on whether you are renting out a home, townhouse, in - law unit or apartment building, and the specific weather or crime risks in your area.

You would pay to transport your property, as well as shelling out for either a temporary place to stay and a storage unit, or rent and a deposit on a new place.

Currently both units are vacant, but I will be living on one side while renting out the other.

I plan on living in one unit with my girlfriend for the first year or two and then renting out the others.

Tenants must remember that the landlord is dependent on the income from the unit rented out and in return, landlords should keep in mind that most tenants have strict budgets.

The Buyer purchased a total of 27 units through the Salesperson, based on alleged representations that the properties were undervalued or rented out.

In our case we intend on using an FHA loan which has a low down payment requirement, to acquire a multi-family unit and rent out the other units so we can live for a reduced cost as our tenants would pay our mortgage.

Being late on rent or having to chase down folks for rent payments is simply a way of life when your unit is renting out for $ 695.

I've been doing basic number crunching and thought exercises on something like 20 x 2/1 units at ~ 1000 sq ft / unit and rent out between $ 800 - $ 1000 / unit in the Houston area.

We could probably put up dividers and rent it to tenants or list it on Craigslist as storage units and squeeze and extra $ 20 - 30 / month out of it, but I'm fine renting to someone I trust and not having to deal with the hassle.

Subject grounds had three manufactured housing units on site that could be rented out to generate additional revenue.

A popular investment home model is a split - family home or an apartment building; this allows the owner to live on the property and make a profit from renting out additional units.

Maybe someone should take a picture of Melanie Aitken's abode, post it on Craigslist et al as a below market value rent rental unit, quoting the very same bullshit excuses vis a vis being out of the country etc., with Melanie's direct line office phone number as a contact source between 9:00 and 10:00 A.M., weekdays only.

Based on what I am charging my tenant I am extremely confident that I will be able to get that same amount as rent from another tenant when I move out of that unit to owner occupy an FHA property.

For me to bump out a tenant, especially a well - behaved / up - to - date on rent, it would need to be a huge bump in unit rent.

I had the other unit rented out in early November for $ 925 per month before I had to make my first payment on December 1st.

If they keep the unit in good shape and are up - to - date on the rent, it would be a shame to kick out a well - behaved tenant.

«We were newlyweds sharing a three - unit house — living upstairs while renting out the two basement apartments — when one day we got a call from a real estate agent friend about a place that had just come on the market,» says Jenna.