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Further
Reading ...
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Personal Training: 3 Powerful Ways to Position Yourself as an Expert - Aaron M Potts ISSA CFT
Regardless of what profession you are in, it is critical that people believe that you know what you are talking about! You won't find very many successful lawyers whose clients never win in court, or popular doctors whose patients are continually...
Entrepreneaurship - Michael Harrison
How to be an Entrepreneur. If you are going to succeed in your business you will need to think and act as an entrepreneur. A great thing about running your own business is that it makes you think as an entrepreneur and because your thinking...
Student loans - Jakob Jelling
Getting a higher education can be a very expensive option that may leave you in a financial crisis after you graduate. On average each student who seeks higher education is left with $15,000 in student loans and $2,000 in credit card debts. While...
How Reliable are Cell Phones - Sharon Housley
Cellular phones and pagers are part of the "now" generation, instant contact, anywhere at any time. People are looking for convenience, comfort and security. The question is how instantaneous and reliable is the contact? Talking with someone is...
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Making Money With Room Rentals
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Written By:
Steve Gillman
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I don't know why I didn't do it sooner, but one day many
years ago, I decided to try renting rooms in my home. I was
young and single, and had a nice mobile home on small piece
of property. I found that it was easy to rent out the other
two bedrooms. Suddenly, I had thousands of dollars extra
each year.
Why Room Rentals?
In many towns where the rents are high, single people are
forced to share apartments with others. They inevitably have
problems with splitting the bills, what to do if one person
is late with their share of the rent, who made which phone
calls, etc. So when they see a room for in a nice home, with
everything from local cals to cable TV included in the rent,
they like the idea.
Room Rentals - The How To
Include everything. Don't set yourself up for arguments
about who owes what for utilities, or who watches the cable
TV more. Cancel long distance plans, get a phone card, and
just have local service. If utilities run high, raise the
rent. Just don't be tempted into any "share" arrangements
for anything.
The value in this simple way is obvious. While others fought
with landlords and roommate-friends, my renters stayed - continued below ...
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continued ...
for
years, with no household bills to pay, and no money issues
for us to argue about. I had them pay weekly or bi-weekly,
according to their paydays, so they wouldn't have to save up
for monthly rent.
Regulations in some places prevent renting rooms, but they
are rarely enforced, and are being legaly challenged more
and more. It is difficult to justify a system that allows a
family with ten kids to live in a house, while
discriminating against a household of three or four people -
just because they are unrelated.
Room Rental Profits
I no longer live in Traverse City, Michigan, but in a decent
house there, you can get $100 per week for a room. With two
rooms to rent out, that's $10,400 per year. Most of that is
profit, since household bills don't go up much with two more
people in the house. If you don't mind the company, that's a
lot of extra cash.
About the Author
Steve Gillman has invested in mobile homes and other real
estate for years. To learn more, and to see a photo of a
beautiful house (not a mobile) he and his wife bought for
$17,500, visit http://www.HousesUnderFiftyThousand.com
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| _Additional Resources ... |
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A quick loan - Jakob Jelling
Sometimes when you are in immediate need of money, the loan approval process can seem lengthy and exhaustive. In this situation a quick, no-hassle loan may seem appealing to many consumers. If you need money in a hurry, a payday advance loan may be...
Why Home Equity Loans are popular - Tony
Home Equity Loan - An extremely popular and efficient way to borrow is using the roof over one's head as collateral for sizable amounts of credit. To define a few terms, equity is the difference between your home's appraised - or fair...
Commercially viable commercial mortgages - Andrew Baker
Commercial mortgages are similar to residential mortgages. Usually taken by businesses, commercial mortgages are secured against business property. Businesses have to make an important decision regarding the premises where the operations are to be...
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