Posted on 11 December 2013
Posted on 11 December 2013
Posted on 10 December 2013
Posted on 9 December 2013
Posted on 9 December 2013
Posted on 7 December 2013
Posted on 28 November 2013
Posted on 24 November 2013
Posted on 21 November 2013
Posted on 20 November 2013
Posted on 20 November 2013
As of right now, I'm in the following
ETFs: DVY (3 shares)- Select Dividend EEMV (2 shares)- Emerging Markets Minimum Volatility EWJ (15 shares)- Japan HYG (2 shares)- High Yield Corporate Bond IJT (2 shares)- Smallcap Growth IWC (2 shares)- Microcap IYR (2 shares)- US Real Estate LQD (1 share)- Investment Grade Corporate Bond PFF (5 shares)- US Preferred Stock Stocks: HAS (3 shares)- Hasbro MO (5 shares)- Altria AKA Philip Morris YHOO (5 shares)- Yahoo
Posted on 13 November 2013
Posted on 6 November 2013
I live in Norfolk, VA. My wife and I signed a 2 year lease on a townhouse August 2012. 3 months ago, we gave notice to our landlord that we would be terminating the lease early due to purchasing a home.
We scoured through the lease many times prior to notifying the landlord of our intentions to break the lease. Nowhere listed was there any provision covering early lease termination. We then looked into the state statutes since the lease didn't cover it.
Based off our readings of the state statutes (below) we understood we were responsible for any remaining rent until the end of the lease which is August 2014, or until a new tenant is found. Also, the landlord could charge us for any fees incurred re renting the property. Finally, the the landlord has to provide us an itemized list of all repairs/services needed to get the home back to a rentable state within 45 days and return the unused portion back to us.
All was well and good with the landlord after we notified her of our intent to vacate 3 months ago. In the last month she had two showings, approximately 30 minutes each. We also showed the home for her once while she was out of town.
We have paid our rent through October 31st and she found a new tenant who will be moving in on October 28th.
Last week, the landlord informed us of the new tenant and also that we would be required to pay one additional month of rent along with the forfeiture of our security deposit. Naturally we were surprised since this isn't in the lease nor could we find anything in the state law.
We told the landlord that we wanted an itemized list of costs associated with re listing the home, which we would pay, but we didn't feel obliged to pay an extra month's rent since a new tenant was acquired and will be residing before the month's end. Also we informed her that we should not be forfeiting our security deposit.
The landlord replied by attaching a property management fee structure document. This is the first time we've seen this and it looks to me like a list of fees the landlord charges the homeowner as part of her property management. Below is the relevant text from the document. Please let me know if we are being reasonable or if the landlord can do what she's doing.
Leasing fee is equal to one month’s rent & includes: · Assessing market rental comps to determine what current rental amount should be · Orchestrate advertising & marketing to get the property rented (includes e-campaigns, e flyers, entering property into the MLS system, etc). All listings, sales & rentals, feed to a host of websites including Zillow, Trulia, Realtor.com, hotpads.com, yahoo real estate & a host of many more · Showing property to potential tenants as well as coordinating showings with other agents · Screening potential tenants (background, criminal & credit checks as well as rental history & employment verifications). Background checks & verifications don’t incur any additional charges, tenants application fee covers this. If tenant is procured through another agent, 10% of 1st month’s rent is paid to procuring agent. This is in addition to the 1st month’s rent to Property Manager. If property manager procures the tenant, there is no fee on top of the 1st month’s rent · Procuring/executing lease agreement · Collecting security deposit · Performing move-in/move out inspections · Coordinating routine maintenance issues while property is vacant & or in between tenants (cleaning, lawn maintenance, winterization, etc.)
State statutes we found
55-248.35. Remedy after termination. If the rental agreement is terminated, the landlord may have a claim for possession and for rent and a separate claim for actual damages for breach of the rental agreement, reasonable attorney's fees as provided in § 55-248.31, and the cost of service of any notice under § 55-225 or § 55-248.31 or process by a sheriff or private process server which cost shall not exceed the amount authorized by § 55-248.31:1, which claims may be enforced, without limitation, by the institution of an action for unlawful entry or detainer. Actual damages for breach of the rental agreement may include a claim for such rent as would have accrued until the expiration of the term thereof or until a tenancy pursuant to a new rental agreement commences, whichever first occurs; provided that nothing herein contained shall diminish the duty of the landlord to mitigate actual damages for breach of the rental agreement. In obtaining post-possession judgments for actual damages as defined herein, the landlord shall not seek a judgment for accelerated rent through the end of the term of the tenancy. In any unlawful detainer action brought by the landlord, this section shall not be construed to prevent the landlord from being granted by the court a simultaneous judgment for money due and for possession of the premises without a credit for any security deposit. Upon the tenant vacating the premises either voluntarily or by a writ of possession, security deposits shall be credited to the tenants' account by the landlord in accordance with the requirements of § 55-248.15:1.
§ 55-248.15:1. Security deposits. A. A landlord may not demand or receive a security deposit, however denominated, in an amount or value in excess of two months' periodic rent. Upon termination of the tenancy, such security deposit, whether it is property or money, plus any accrued interest thereon, held by the landlord as security as hereinafter provided may be applied solely by the landlord (i) to the payment of accrued rent and including the reasonable charges for late payment of rent specified in the rental agreement; (ii) to the payment of the amount of damages which the landlord has suffered by reason of the tenant's noncompliance with § 55-248.16, less reasonable wear and tear; or (iii) to other damages or charges as provided in the rental agreement. The security deposit, any accrued interest and any deductions, damages and charges shall be itemized by the landlord in a written notice given to the tenant, together with any amount due the tenant within 45 days after termination of the tenancy and delivery of possession.
Posted on 22 October 2013
Suppose one of these high-speed mass transit systems are actually built, wherein one can travel from LA-SF in 30 minutes.
What would be the macro effects of this on real estate prices? For example, near population hubs like SF, real estate is expensive because of the proximity and shorter commute to the jobs centers.
If we had such rapid transportation systems, would the value of close-proximity real estate no longer be as high? How would it affect real estate prices of these population centers and their surrounding areas?
Posted on 12 August 2013
According to yahoo finance JCP book value is $13.03 currently trading @ $12.75. I don't think their value could be overstated because its mostly real estate, right? http://finance.yahoo.com/q?s=jcp&ql=1
Posted on 6 August 2013
The S&P 500 Hit an All time high on May 22, Yet It did this on: 1.Weak US economy (stagnant growth) 1b. Weak worldwide economies 2. High US unemployment (reported and unreported) 2b. High worldwide unemployment 3. Huge US Household debt, 4.A trillion dollars in Government backed outstanding student loans 4b Astronomical $16, Trillion Federal government debt + State Debt + City Debt 5. Historically unheard of low interest rates (Worldwide) 6. Strong asset classes are falling in value rapidly.. Gold, Silver, Copper.
Since the stock market is just a system to rob Main Street to pay Wall Street (and their government Protectorate) and every nickel has been squeezed out, Wall ST is going to cash in (again) and it has already started.. but The Media wing of the government is keeping it quiet (until the Banksters have cashed their checks and purchase back all the cheap gold!)
Here are some "news" items that the "news" aint reporting much..
Change My View ...
Posted on 23 June 2013
I started a new service business in November. Have you heard all of the Condo and HOA horror stories? We aim to reduce (or try to prevent) the horrors.
I provide Due Diligence of the condominium and homeowners association on behalf of the homebuyer, real estate agent, appraiser, etc.
Through the Due Diligence process, I determine the financial health of the association and also look for any potential livability issues (such as pets, parking, garden, etc).
We basically help homebuyers reduce their risk. It's similar to a property inspection - which is a standard part of the process now.
This service is available Nationwide. I have no competition. There is no overhead.
I know (and have been told by many) that this service is sorely needed. My problem is getting the word out to thousands.
I have written for real estate web magazines, local papers, monthly newsletters, etc. I'm also active on linkedin, twitter, pinterest, and more.
To get the word out on the level that I need it to, I need some help.
I spent the last few months trying to get some real estate reporters to take notice - and write about this concept. I haven't had much luck. This would be the best situation - as advertising is very expensive.
This is what I need help with:
1 - Does anyone have any contacts with reporters in the real estate industry? I'd be interested in Huffington Post, Aol real estate, yahoo real estate, Inman real estate, ny times, wall street journal, washington post, or any other major publications.
2 - Do you have any other contacts that might be interested to help me "run with it"? I'm pretty sure this idea/service can eventually be franchised.
3 - Ideas to help me raise funds to pay for advertising/marketing (last choice)
I would appreciate any advice as well.
I tried angel investors - but they seem to be only interested in tech startups.
Thanks! website is: Condo-Smart.com Company is: Condo & HOA Smart
Posted on 11 April 2013
So far mine is Yahoo! Finance. Anything better/different out there?
Posted on 25 January 2013
Throwaway because I'd like to sell my place and don't want the Yahoos on my Association board to discourage buyers.
I own on a Condominium in Ohio. There is a COA bylaw for our small community that demands that ANY and all real-estate signage be placed inside unit owner's windows -- which is all well and good, except that the west-facing units face an empty field, the condo clubhouse and an untravelled construction site (where brand new, albiet smaller condominiums are about to be built). After writing a petition to the board with a suggestion to either allow owners to place signs in the grassy area adjacent to the well-traveled road running parallel to the units, or to place a sign listing for sale or for rent units in a visible, well-traveled location, I was told that the board would not consider putting an amendment forth to the owners because they had been advised by their COA lawer that such a sign would be "unneccessary clutter" on the property in the day and age of "internet searches".
What can I do, legally, to get through to my Association, which seems hell-bent on allowing the current bylaw to stand? Is there any way I can legally force their hand by getting a majority of the owners on-board?
Anyone dealt with a similar situation in the past?
Posted on 20 December 2012
I just went to the site for the first time in years and it's still just as I remembered it... bloated and ad-ridden. CitiBank bought like 1/3 of the real estate on the main page using what was likely government bailout money and the entire page appears as if a 5 year-old put it together based on what people were discussing on the playground... horoscopes and an "OMG" section inexplicably included. Large pictures of markedly obese airline passengers and an international perspective on Kate Middleton's informal blue jean selection visually supersede the global news/conflict headlines in a big way. And their search optimization (pulling relevant search results) still isn't what most people expect and perhaps deserve. I'm a pretty laid back person... and tolerant, at that. But seeing this (and assuming they still have regular users?) makes me feels like a large percentage of my national population is now eating styrofoam peanuts in their spare time. It frustrated me outright so I thought I'd pose the initial question(s).
Also, I'm sorry if this post encouraged you in any way to actually go to yahoo. That was not my intention. Contrary to what you might think, I am not a cruel person. I'm going to bathe in the sweet River Google and forget I even mentioned it. Sorry again. I feel dirty and am ashamed.
Posted on 27 November 2012
FIRST - please refrain from telling me i was stupid or idiotic for anything. I already know, but now I'm wholeheartedly trying to bring about justice and shut them down.
Was trying to rent a house i found on Craigslist (yes stupid i know. again, no need to remind me) found one I really liked. contacted the renters through several emails. Informed that they were missionaries currently in africa renting out the house (AGAIN. I KNOW... STUPID... just desperate for a house)
anyhow i realized it was a scam before i gave them anything other than my phone number and Email. Currently getting calls day and night from a number tracked to africa. (i know this can be faked) and using the IP adress (22.214.171.124) from the email (firstname.lastname@example.org), i looked up on Geobytes and it is "From" nigeria.
is there any way i can put an end to them? I have reported the issue to the real estate company the house is through to make them aware that their property is being used in a scam. they thanked me. Then i tried to report it to Yahoo but the guy clearly didnt understand and assured me he would help me figure out what was wrong with my email account.
please help Reddit!
Posted on 23 August 2012
Ok, reddit, first real interaction on here but ive seen some pretty good advice on here and I'm at the end of my rope. I dont want to put up too many particulars because im not familiar with every rule, and I will also likely have a court case pending soon and dont want to make any missteps.
So Here's the breakdown,
Back in June a few friends and I did our quarterly(sometimes half year) trip to somewhere scenic to hang out, drink, have a cooking contest, smoke cigars, play games, and just basically be merry. In the spirit of the summer we decided to rent a lake house. We usually nominate someone to do the brunt of the planning, and this time my pal Jay got the nod. Jay looks around and find's a property that looks really sweet, the pictures look amazing. Were about to book it when one of our friends notices some sketchy reviews( on yahoo though, which is less than credible, usually). We brought them up to Jay and he called the guy and talked it out with him, apparently everything seemed in order because he pulled the trigger on it.
So we get to the house, its pouring rain so we run in and were just happy to be dry, and everything looks great at first glance. Then after about twenty minutes, we start to notice things. First thing, the hot tub, which the ad said "take in the gorgeous lake from the brand new jacuzzi tub" , was full of worms and bugs, and hadnt been ran in forever. The second thing was the fish tank, we noticed it had no fish...whatever, who cares about fish, then we notice, there is an island of algae floating on the top of the water, oh, and it was inhabited by a roach. ( Im not kidding, we have pictures). So aside from the musty sheets, filthy kitchen and numerous other problems we attempted to enjoy ourselves anyways. Jay tried to call the agent on saturday to see about getting the hottub up and running, he didnt answer. Did i mention, the guy was also our contact to rent watercraft? theres goes pontoon day...sigh... you know what, we still all had a good time, we drank apple pie moonshine, had a cooking contest, played board games, swam in the lake, all that good stuff.
Ok cool, disaster averted, though, bad taste still in mouth.
Now for the small matter of our $600 deposit.
We left the house, 100% cleaner than we found it. I called him up about a week after we checked out and he said everything was cool with the house and the check would be in the mail monday.
That was five weeks ago, he has since severed all contact, Texts, Emails, Call's, everything. Weve tried him from different phone numbers, he predictable responded, hoping to rip off some other rube. So the contract was in jay's name and i fronted the deposit, weve both been calling this guy, myself more so. He has made it clear he has no intention of paying, ive done more research, this guy's trail basically goes in a circle...of scams.
I will provide a few vague details of the transaction, and can go more into detail privately if someone thinks they could help.
We wired him the money via Bank of America xfer (member to member)
There was a contract specifying our deposit would be returned in a certain amount of time(it passed 2 weeks ago)
He said he was a real estate agent
Research has turned up that he owns the house and is current on his taxes, the house is appraised at nearly a million.
This happened in North Carolina, i hear enforcing judgements are difficult here.
I feel that he committed fraud, he obtained money meant for something else with the intent of just keeping it, (wire fraud?)
Im sure there's more descriptive things i can help with, ask me some questions~! HELP PLEASE!
Posted on 16 August 2012
My parents have been married for 20 years this year, my dad also turned 50.
I noticed my laptop was running low on disc space and I wanted to download a torrent of 4GB so I decided to use my father's PC since he is working late today. Once I started his PC I noticed that he was logged on to Yahoo chat with a name I didn't recognize. I shrugged this off and opened Chrome to search for the torrent but I noticed that he has facebook as a bookmark, with the same name as the Yahoo account.
This is where it gets weird.
I checked the public facebook profile- his profile picture was of himself in a wheelchair. Where the fuck he got a wheelchair, beats the crap out of me. I checked his Yahoo again, he only has once contact, a woman who's profile picture is a short, fat woman lying on her bed, completely naked and missing both her legs.
I was sick to my stomach. Maybe there is a reasonable explanation but nothing comes to mind.
Anyway, it's been a few hours now and I've thought through the options. Should I confront him about it? I'm afraid he'll get violent if I do. Should I tell my mother? I don't want them to divorce or anything because as sick as he made me, he still provides income etc.
Background: I have a younger brother and an older sister. I'm 17. He has worked as a real estate agent for as long as I can remember. His PC is in his "office" at home which is really just a small room with a desk and a PC.
I really need some help now. Anyone have any clue what to do?
TL;DR: Dad uses fake name and facebook account to (possibly) cheat on my mom with a woman who has no legs. Need advice on what to do.
Posted on 30 June 2012
List So Far (from my previous post, the sidebar, a few other posts and my bookmarks):
There was Google Real Estate that interfaced with Google Maps, but it's dead now. You might be able to get a feed from some sites to overlay in Google Earth. Some property managers to disseminate KML files to give people information on the location of a specific property or lists properties.
http://realestate.yahoo.com - Information on specific homes, news
http://www.zillow.com - Index of homes and information
http://realestate.ebay.com - eBay Real Estate Section (I wish there were more places that sold like this)
http://trulia.com -like zillow, with innovative features ie: you can set it to email you every time a house comes up in the same area/price range desired. helps you keep an eye on what's going on with house prices in my area. and when new listings pop up.
example search on Trulia's map search (big map): http://www.trulia.com/for_sale/x_map/photos;d_sort/San_Antonio,TX/x_map/
Index of homes and information For VA or non-VA Vendee loans, there's https://va.equator.com/ and
information For VA home loan benefits http://www.benefits.va.gov/homeloans/veteran.asp
http://www.realtor.com - Information on licensed realtors (it's an organization)
and of course, <cityname>.craigslist.org/hhh (housing) -- search with for example: site:sanantonio.craigslist.org/hhh 5 bedroom 2 bath
New startup in Canada. www.clickrealty.ca.
http://hotpads.com/ - Real estate listing for the US overlaid over Microsoft virtual earth engine.
http://www.globrix.com/ - UK listings using the Google maps engine.
http://www.terraserver.com/ - Online topo maps. Handy for researching the actual elevation of a house or a piece of land.
Ah, also real estate auctions @ http://www.auction.com (the whole site is dedicated to real estate auctions).
Recommended reading from Reddit:
Is It Cheaper to Rent or Buy? Calculator: http://www.nytimes.com/interactive/business/buy-rent-calculator.html
Investment Property Formulas to Familiarize Yourself With:
CAP Rate http://en.wikipedia.org/wiki/Capitalization_rate (also see this article) http://www.biggerpockets.com/renewsblog/2008/03/03/determining-the-value-of-an-apartment-building-investment-using-cap-rates/
Gross Rent Multiplier http://en.wikipedia.org/wiki/Gross_Rent_Multiplier
Net Operating Income http://www.investopedia.com/terms/n/noi.asp#axzz1ey31Q0HO
Spreadsheets to assess investment properties: http://www.reddit.com/r/RealEstate/comments/gm5cj/does_anyone_have_some_really_useful_excel/
BTW, in general for finance and business information, http://www.investopedia.com is great.
UK Agent (I believe that's what they call a broker, there) review site: http://www.allagents.co.uk/
Posted on 21 April 2012
Posted on 22 February 2012
Hi there folks,
Please submit what you can. I'll add what I can if no one else does it. This isn't an explain it like it's 5 resource list, but I figured I should be as straightforward as possible.
There was Google Real Estate that interfaced with Google Maps, but it's dead now. You might be able to get a feed from some sites to overlay in Google Earth. Some property managers to disseminate KML files to give people information on the location of a specific property or lists properties. http://realestate.yahoo.com - Information on specific homes, news http://www.zillow.com - Index of homes and information http://realestate.ebay.com - eBay Real Estate Section (I wish there were more places that sold like this) Trulia - Index of homes and information For VA or non-VA Vendee loans, there's https://va.equator.com/ and http://www.benefits.va.gov/homeloans/veteran.asp http://www.realtor.com - Information on licensed realtors (it's an organization)
Posted on 13 August 2011
Posted on 4 August 2011
Trying to bring together all my posts on reddit related to the triple catastrophe; many links are dead by now but my issue account could have them.
My related postings on reddit:
Japanese government has moved to crack down on independent reportage and criticism of the government’s policies in the wake of the disaster by deciding what citizens may or may not talk about in public
This is a work in progress, yet to go beyond page 5.
Posted on 20 July 2011
Posted on 16 December 2010
Posted on 22 November 2010
I seriously don't understand why anyone (and it kind of seems Microsoft is trying with Bing) is not flat out copying Google's core mission/revenue model.
Yahoo has been going on and on about needing to make changes and changing their focus to bla bla bla. The same thing happened for AOL. Meanwhile, you have a company in Google that makes much much more money than they do and Google has a clear mission on how to make revenue and increase advertising costs on its network and know one (maybe Microsoft with Bing) wants to follow the leader. It makes no sense and I can't understand how all of these smart (supposedly smart) people at Yahoo or AOL have not had that "lightbulb" moment where someone said "Hey, lets be more like Google and focus on search, AdWords, and Adsense like products"..
It makes no sense that there is no close competitor to AdSense. As a web admin I run a site that gets about 5,000 page views a day and I wrote to Microsoft Publisher to become a publisher for MS ads and I got no response. Yahoo does not have a functioning publisher network anymore and know one is even close to AdSense or AdWords. It seems Yahoo and Microsoft would have been smart to combine their web real estate (Yahoo Search, Bing Search, Yahoo News, etc.) into an AdWords like product that could have driven their advertising rates to advertisers higher (As advertising with their joint venture would have reached both company's website properties)
ok, does anybody have any thoughts?
Posted on 22 September 2010
Posted on 9 July 2010
It's worth noting that Syracuse and Buffalo also broke the top 10.
EDIT: I clearly failed at attaching the link (thanks to constipated_HELP and KorgRue for filling in the blanks). For posterity:
Slideshow of top 10 cities: http://www.forbes.com/2010/06/04/best-places-family-lifestyle-real-estate-cities-kids_slide_2.html
Yahoo article summarizing the Forbes ranking: http://realestate.yahoo.com/promo/americas-best-places-to-raise-a-family-2010
Posted on 8 June 2010
Posted on 28 January 2010
Posted on 19 July 2008