#rent

Roomate rent/mortgage tax question.

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Roomate rent/mortgage tax question. Hey everyone. I have a question regarding the IRS $600 rule about paypal/apple pay/venmo etc. I have one roommate who rents a room out for $750 a month on a house that I own. I use his rent to help with my mortgage. We had a lease agreement initially but I failed to update it after it expired. His payment comes through as a direct deposit to my …

Reddit Personal Finance 938 2023-12-05

How much is too much on rent?

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How much is too much on rent? My partner and I are moving, and we’re madly apartment hunting. We were hoping to stay under 2k/mo but it seems impossible for the area if we don’t want to live in a dump. We found a beautiful unit with a nice owner but it’s $2,250/mo + utilities. We will be splitting this cost. My take home is about 3k/mo and his will be just slightly less at h…

Reddit Personal Finance 812 2023-11-23

Rent? Buy? What car?

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Rent? Buy? What car? I am moving back to the US in December. My credit is poor, after running up credits cards when I left at the end of 2017. Somewhere between 540-560. I am married with three children, ages 0,1,3. I am qualified for a VA home loan assuming I can get approved for a loan. I just started a job making base $80,000, and was given a $15,000 signing bonu…

Reddit Personal Finance 1.0k 2023-10-30

Rent vs buy nearing retirement

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Rent vs buy nearing retirement I’m sorry this is so long but I need some advice. I sold my home two years ago and planned to rent for a year to give myself time to find something as the housing market was crazy and the process is so stressful. Over the course of the year interest rates went up a couple of times so I thought I would continue renting for another year. They inc…

Reddit Personal Finance 209 2023-09-26

Odd Situation With Rent Payment

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Odd Situation With Rent Payment So I am in a pretty peculiar situation and wanted to see if anyone can offer advice on the best way to move forward. So a few months back, I had paid for July rent with my debit card. I had paid with the same debit card for the two months prior. After a few days, my landlord asked if I had submitted a payment for the month and I told her I did….

Reddit Personal Finance 171 2023-09-22

Sell or Rent this house?

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Sell or Rent this house? Hello Reddit, I need some advice on this life stage my wife, myself and soon to be daughter (due in February) are in. We moved to El Paso, TX in July of 2022 and purchased a 4BDR, 2BR home in a very nice neighborhood for $340,000 at 5% interest. Our monthly payment with sky-high property taxes ends up being $2900 a month. The plan was to stay s…

Reddit Personal Finance 280 2023-09-09

How do I pay back a year of rent?

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How do I pay back a year of rent? Before I get into it, please know that I know this is/was awful of me and that I took advantage of my landlord. All I want to do is make it right at this point. TLDR personal loan for $8k in rent or try to set up a payment plan? Relevant numbers: My rent is $650 a month, I made $16k last year. I’m in a sub-5k rural area with low COL. I can’t ge…

Reddit Personal Finance 153 2023-08-11

I don’t think this rent split is fair.

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I don’t think this rent split is fair. EDIT: 3 out of the 4 of us are already moved in. I would’ve liked to have this rent conversation before moving in but it was stressing one roommate out to talk about such logistics before we were actually moved in. We didn’t get the original apartment we were trying for so this was a quick replacement bc two of us needed to move asap. Signed the…

Reddit Personal Finance 229 2023-08-09

Rent or Buy as a single mom?

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Rent or Buy as a single mom? I’m currently going through a divorce. We have 2 small kids that will stay with me 85% of time. We are planning to sell our current house that has market value of $1.8 million (Bought at $1.2m in 2021, 44% in appreciation). After tax, closing cost, and paying back loan, each of us will have about $350k. (The real estate in our current neighborho…

Reddit Personal Finance 188 2023-08-09

LPT Request: What do I owe in rent?

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LPT Request: What do I owe in rent? My first two years of uni I lived in dorms on campus, then my junior year I moved into an apartment a few miles from campus. I’ve been living here for a year now, and intend to finish out my remaining one year of college living at this apartment. A few months ago, when I submitted a lease renewal application I was told I had apparently missed a…

Life Pro Tips 175 2023-08-04

Should I sell or rent?

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Should I sell or rent? I accepted a promotion in another city that came with a $30k/year pay increase and now I’m trying to figure out what I should do with my house. I bought in 2021 when interest rates were low so the main thing driving me towards wanting to rent the home is the 3% interest rate I have on it. Here are the figures I’m looking at for each option: Rent…

Reddit Personal Finance 194 2023-07-27

Which lens to rent for the eclipse?

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Which lens to rent for the eclipse? This will be my first time photographing an eclipse, is there such a thing as too long a lens? I was thinking of renting either a 600mm or 800mm and getting a 1.4x or 2x teleconverter. Anyone have experience with this that can weigh in? submitted by /u/SirShiggles

Ask Photography 158 2023-07-17

Need help splitting rent

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Need help splitting rent Our rent is $3300 per month not including utilities. There’s 5 bedrooms, My Roommates (a couple with two kids and pets + a running business inside the house) occupy the Master bedroom, 2 regular bedrooms and the garage. I (a single male) occupying 1 regular bedroom with a small full bathroom. Right now we do everything in thirds (3 adults in the…

Reddit Personal Finance 191 2023-07-11

When It Makes Sense to Rent an Electric Vehicle for a Road Trip

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When It Makes Sense to Rent an Electric Vehicle for a Road Trip Even though gas prices are down from last year, the cost of fuel is still high, and constitutes a major expense when driving long distances. So, with electric vehicles (EV) becoming increasingly available through several national car rental chains, you may be thinking about taking one on your next road trip. Read more…

Lifehacker 381 2023-07-04