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Real Estate Part 1 Renting

Real Estate Part 1 Renting. Mr. Stasa- http://northbiz.weebly.com. http://www.youtube.com/watch?v=KcLAq_cNYX4. Advantages & Disadvantages of Renting. ADVANTAGES. DISADVANTAGES. Options Easy to move Low/no maintenance Short-term commitment Some FREE utilities. No tax advantages

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Real Estate Part 1 Renting

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  1. Real Estate Part 1Renting Mr. Stasa- http://northbiz.weebly.com http://www.youtube.com/watch?v=KcLAq_cNYX4

  2. Advantages & Disadvantages of Renting ADVANTAGES DISADVANTAGES Options Easy to move Low/no maintenance Short-term commitment Some FREE utilities No tax advantages Less privacy Rules must be followed

  3. What Can I Afford? • Your monthly rent should be about 27% of your take-home pay, but no more than 30%. • (Monthly Net Earnings) X 27% = Affordable rent • HS Dropout makes $1,575 = $425 • HS Graduate makes $2,158 = $583 • College Graduate makes $3,783 = $1,021 • Professional makes $8,275 = $2,234

  4. What Should I Look For? FREE water FREE heat Fitness Center Garage access Near a bus route Pets Welcome? Bedrooms Bathrooms Dishwasher Washer/Dryer FREE Wi-Fi

  5. Rental Classified Search Codes • Ent • Entrance • Ba • Bathroom • D/W • Dishwasher • f/p • Fireplace • Furn • Furnished • BR (bdrm) • Bedroom • A/C • Air Conditioning • W/W • Wall-to-wall carpeting • Blc • Balcony

  6. Rental Lingo • A studio (efficiency) apartment is one-bedroom only • A security deposit is money required prior to receiving your keys to pay for any potential damages during your stay. • A landlord is the person who owns and is legally responsible for the property. • Tenant is the person who pays for the right to live in a residency owned by a landlord.

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