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Financial planners say that dividends from the stock market are often overlooked for passive income. Buying an established small business can generate passive income quickly. If you want to start generating passive income, it might be easier than you think. Here are three ways financial advisors suggest getting into passive income. "Dividend income is definitely one major source of passive income that a lot of my clients have," she told Personal Finance Insider.

Persons: —, Akeiva Ellis, It's, Brent Weiss, Weiss, he's, I've, Get Organizations: Financial, Service, Finance, SEC

☆ Americans ditched big cities during the pandemic. Now many are regretting it.
▼ + stars: | 2023-11-27 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +12 min

Susan, a 30-something artist, lived in New York City when the pandemic struck. The pair had talked about moving to a smaller town someday — the pandemic just shortened their timeline. As rent prices in big cities shot up and jobs went remote, cash-strapped people were quick to take advantage of an unprecedented situation and try someplace new. It was also a favor to her husband, who never felt at peace in the bustle of the big city. A few months ago, she and her husband found a renter for their house and returned to the city.

Persons: Susan, Eager, Riordan Frost, Millennials, Frost, Alex Gatien, he's, Gatien, Alexander von Hoffman, von Hoffman, Sandro Galea, Galea, Kelli María Korducki Organizations: Harvard's, for Housing Studies, National Association of Realtors, New, Boston University School of Public, Boston University School of Public Health Locations: New York City, McMansions, Toronto, St, Lawrence, Canada, New York

☆ A Gen Xer got $30,000 to build an extra apartment in her backyard. Renting it out makes paying her bills 'financially possible.'
▼ + stars: | 2023-11-18 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

She received a total of $30,000 from the state to build an ADU in her backyard to rent out. The program provides grants to eligible homeowners to build an additional housing unit on what was a single-family lot. Advertisement"I definitely needed that extra income that a rental unit provides," Leiken told Business Insider. Courtesy of Marni LeikenDespite the cost, Leiken said she's happy, noting that the additional rental income helps cover her monthly expenses. Beyond the rental income she's receiving, Leiken is pleased that she's also helping provide housing to locals who need it.

Persons: Marni Leiken, —, Marni, Leiken, she's Organizations: Service, Housing Authority, Business Locations: Montpelier , Vermont, Vermont, California, New York, Leiken's, Montpelier

☆ Where Are the Country’s Hottest Rental Markets?
▼ + stars: | 2023-11-16 | by ( Michael Kolomatsky | ) www.nytimes.com time to read: +1 min

What are the hottest rental markets in New York these days? The answers may come as a surprise: According to a new national study by RentCafe, as of October, Queens, N.Y., had the highest level of renter activity among the 150 largest metropolitan markets in the United States. But the real dark horse was Buffalo, which came in at No. With higher interest rates keeping potential buyers in the rental market across the country, rental activity and competition have ballooned. Queens was found to be the most popular location for renters looking for apartments on RentCafe.com, with 72 percent fewer available listings compared with last October.

Persons: ”, Alexandra Both Organizations: The Bronx, Bronx, Buffalo, Overland, Minneapolis, Cincinnati Locations: New York, Queens, N.Y, United States, Buffalo, RentCafe.com, Kan, Kansas City, Mo

☆ A tenant stopped paying rent and listed his landlord's home on Airbnb. The landlord is now stuck living in his van.
▼ + stars: | 2023-11-12 | by ( Hannah Getahun | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

A Washington homeowner says he's living in a van after a man moved into his home and stopped paying rent. And all the media and other attention is great, but it doesn't really do me any good," Jason Roth told Insider. AdvertisementAdvertisementAfter paying just a portion of one month's rent, Roth says Hunter stopped paying anything at all. According to court documents viewed by Insider, Hunter told Roth in an email in July that he wanted to pay his outstanding rent. In California, an Airbnb host could not evict a renter who stayed in a home for 570 days after the tenant stopped paying rent and reported the host to the city.

Persons: —, he's, Jason Roth, Roth, Kareem Hunter, Hunter, I'm, Roth Hunter Organizations: Service, Seattle, Kings County Superior Court, Kroger Locations: Washington, Kings County, Airbnb, California

SEATTLE (AP) — Four county elections offices in Washington state were evacuated Wednesday after they received envelopes containing suspicious powders — including two that field-tested positive for fentanyl — while workers were processing ballots from Tuesday’s election. Renton police detective Robert Onishi confirmed that an envelope received by workers at a King County elections office field-tested positive for fentanyl, while Spokane Police Department spokesperson Julie Humphreys said fentanyl was found in an envelope at the Spokane County Elections office, The Seattle Times reported. Political Cartoons View All 1237 ImagesThe envelope received by the Pierce County elections office in Tacoma contained baking soda, Tacoma police spokesperson William Muse told the paper. Halei Watkins, communications manager for King County Elections, told The Seattle Times the envelope opened by staffers in Renton on Wednesday morning was not a ballot. The Secretary of State's Office noted that elections officials in two counties — King and Okanogan — received suspicious substances in envelopes during the August primary.

Persons: Steve Hobbs, ”, Renton, Robert Onishi, Julie Humphreys, William Muse, ” Muse, Halei Watkins, King County, Watkins, Patrick Bell, Okanogan — Organizations: SEATTLE, Seattle —, State's, Spokane Police, Seattle Times, ” Voters, King County, Spokane County, Okanogan, United States Postal Inspection Service Locations: Washington, King County, Seattle, Skagit , Spokane, Pierce, King, Spokane County, Tacoma, Spokane, Renton, Okanogan

You can now transfer Bilt Rewards points to Marriott Bonvoy at a 1:10 ratio. As of today, November 8, you can now transfer Bilt Rewards points to Marriott Bonvoy at a 1:1 ratio. Bilt cardholders can transfer points to Marriott in increments of 1,000 (Bilt Blue tier members must transfer a minimum of 2,000 points per transaction). Cardholders also receive a bonus 5,000 Marriott Bonvoy points for every 20,000 Bilt points transferred to Marriott in a single transaction. You'll receive a 100-point Bilt Rewards point bonus for linking your Marriott Bonvoy account to your Bilt Rewards account.

Persons: —, Cardholders, Marriott, Here's, you’re, Bilt, Experian, TransUnion ™, Equifax, You'll, Bilt cardholders Organizations: Marriott, IHG, Hyatt, Service, American Airlines and United Airlines, Mastercard, Alliance, Emirates Locations: Hyatt, Emirates

☆ WeWork has a massive footprint in London. Its bankruptcy could shake up the city's office market
▼ + stars: | 2023-11-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

TikTok's London office is based out of a WeWork building in Holborn called Aviation House. WeWorkWeWork , the U.S. office rental startup, filed for Chapter 11 bankruptcy, threatening office closures across the U.S. where it has become a major destination for tech firms. The company's restructuring may also have implications for its London operations, where it is one of the biggest tenants. According to CoStar, the commercial real estate data company, the company has 36 offices in London, spanning more than 2.89 million square feet. "We've actually got an agreement with them for another seven months," Tailor, who is based in London, told CNBC.

Persons: WeWork WeWork, WeWork, Deepak Tailor, We've Organizations: Aviation, WeWork, CNBC, Lease Locations: London, Holborn, U.S, Canada, Waterloo, WeWork

☆ Airbnb vs. Vrbo: Why I use both to rent out my home
▼ + stars: | 2023-10-28 | by ( Kimanzi Constable | ) www.businessinsider.com time to read: +5 min

Now I rent out other properties using Vrbo and Airbnb. AdvertisementAdvertisementI sold the Vrbo Fiji property because it was too much to maintain. AdvertisementAdvertisementI get more bookings on Airbnb, but the guests on Vrbo are betterI've noticed that the guests who book with us on Vrbo are a bit older, and they book for longer. My findings with being on Airbnb and Vrbo are that you get the most traction where you make the most bookings. I've personally never had a problem with Airbnb refunding guests without cause, though I've heard that Airbnb doesn't have a great reputation among owners.

Persons: Elizabeth Ellington, —, It's, Covid, I'm, I've, Airbnb, Jenna Gyimesi Organizations: Ellington, Service, Happy Locations: Fiji, North Carolina, Hendersonville , North Carolina, Hendersonville, jgyimesi@insider.com

You may think the term "net worth" only applies to celebrities and CEOs, but it's something we all have — and we all should know it. Here's a breakdown of both median and average American net worth by age, according to the Federal Reserve's Survey of Consumer Finances published in October 2023. Knowing your net worth can help you assess whether your next financial move is a good one. Empower (formerly Personal Capital) and Mint are two platforms that make tracking your net worth easy. Empower has its own net worth calculator and Mint has a net worth-specific dashboard that calls out your progress each month.

Organizations: Federal Reserve's Survey, Consumer, Federal Reserve Survey, Consumer Finances, Google, Android, CNBC, CNBC Select's, Facebook, Twitter Locations: U.S

I'm the last renter among my friends, so I decided to ask them about all the costs of homeownership. But when I saw the long list of hidden fees and expenses they have to pay for, I was in shock. Here are five of the fees I didn't know homeowners owe that made me realize just how much I want to rent forever. However, your property taxes can keep going up (a soaring housing market or city improvements can make this amount increase). However, the big and frequent costs they paid to keep up the appearances of their homes really did add up.

Persons: —, dishwashers, doesn't, it's Organizations: Service

However, as a financial professional and homeowner myself, I still see renting as a more conducive and efficient option to invest and build wealth. In this situation, the renter would have a higher return on investment, with $1.8 million compared to the homeowner with just $617,000. Even though the homeowner's payment stops once the mortgage is paid, the return on investment from just the down payment and maintenance expense favors the renter. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Also, the homeowner still pays property taxes, which may increase over time, and still has to contend with annual maintenance.

Persons: it's, —, Joel Ohman, Jeffrey Zhou, doesn't, Get, Steven Gilbert, Gilbert, Says Ohman Organizations: Service, Gilbert Wealth, & $

☆ The top 10 cities where more renters want to live alone—4 are in Texas
▼ + stars: | 2023-10-11 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

That's a 6.7% increase, and makes solo renters the fastest growing renter demographic, according to RentCafe. The share of renters living with roommates grew by 5.9% while the share of renters living with family fell 4.5% between 2016 and 2021, RentCafe found. Salt Lake City takes the top spot with the fastest growth in solo renters from 2016 to 2021. It makes sense, then, that solo renters appear to prefer lower cost-of-living areas. Seven of the 10 cities RentCafe identified with the largest solo renter population growth from 2016 to 2021 are in the South.

Persons: RentCafe Locations: Salt Lake City, Texas

☆ I entered a bidding war to land an apartment. It was way more brutal than I expected.
▼ + stars: | 2023-10-11 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

Yet one of the enduring legacies of the COVID-era housing market may be the proliferation of bidding wars for rentals. Bidding wars have periodically reared their ugly heads during overheated stretches in New York City's housing market. And while things have cooled down since the mania of 2022, in places where available rental inventory remains low, the bidding wars just won't die. Still, it's hard not to worry that we've opened Pandora's box when it comes to bidding wars. Bidding wars may feel distasteful, embarrassing, and unfairly favor those with the means to drive up already exorbitant asking rents.

Persons: Phil, Rikki Mueller, That's, I've, David Harris, Coldwell Banker Warburg, Harris, didn't, Frances Katzen, Douglas Elliman, Jonathan Miller, Miller, Mueller, Stan Broekhoven, Broekhoven, we've, we'd, he'd, They'd, wasn't, —, James Rodriguez Organizations: New, Coldwell Banker, Austin, Google Locations: Manhattan's East, homebuying, New York, Chicago, Boston, Austin, Brooklyn, New York City, California, Los Angeles, South Florida, , New York, Salt Lake City, Las Vegas, Manhattan, David Harris , New York City

☆ Bidding wars over apartments are more ferocious than ever — and they're here to stay
▼ + stars: | 2023-10-11 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

☆ I downsized from a southern house to a midwestern rental apartment. It was the best decision ever because now I have less responsibility.
▼ + stars: | 2023-10-08 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Channing Muller, 38, purchased a three-bedroom home in Chattanooga, Tennessee, in 2019. Now she rents a two-bedroom apartment in Chicago and feels freer not having to upkeep a house alone. In 2017, I moved from Washington, DC to Chattanooga, Tennessee. I had just gone through a bad breakup, and I thought the city would be the perfect change for me. An additional transition I noticed with downsizing is that I used to entertain a lot and have big dinner parties.

Persons: Channing Muller, —, Muller, Marie Kondo, it's, I'm Organizations: Service Locations: Chattanooga , Tennessee, Chattanooga, Chicago, Tennessee, Washington, DC, Muller's Tennessee, New York, In Tennessee, Washington ,

☆ I left the U.S. for Denmark. Now I pay $2,100/month to live in a luxury apartment—and I'm much happier here. Look inside
▼ + stars: | 2023-10-07 | by ( Ilana Buhl | ) www.cnbc.com time to read: +5 min

In June 2018, I packed three suitcases and booked a one-way flight from Texas to join my husband in Denmark. My husband viewed the apartment in person and sent me photos while I was still in Dallas. But we had to pay two month's rent upfront, and three month's rent as a security deposit. The main area in our apartment is one big room that includes our kitchen, dining room and living room. I'm able to enjoy the time that I'm not at work because I'm not as stressed out anymore.

Persons: —, I'm Organizations: CNBC Locations: Texas, Denmark, Amager, Copenhagen, Dallas, U.S

☆ Take a look at the world's first truly wireless TV
▼ + stars: | 2023-10-06 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

The wireless Displace TV is a new take on flatscreens. It sticks to surfaces using a vacuum system instead of traditional TV mounting. AdvertisementAdvertisementThe convenience of a wireless TV — no ugly wires, no hiring a handyman — is here, but it will cost you. The Displace TV is a battery-powered, 55-inch flatscreen TV. Recently, frame TVs, or mounted TV displays that mimicking framed artwork, have taken over social media as one way to disguise TV hardware.

Persons: —, We've, Balaji Krishnan Organizations: Service, CES

☆ I moved into an ADU in my California backyard. It allowed me to leave my 9-to-5 and I even save $5,000 a month.
▼ + stars: | 2023-09-27 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +5 min

In 2019, Julie Fornasero and her husband, Tim Logan, decided to rent out their primary home. The couple moved into a 500-square-foot accessory dwelling unit, or ADU, they put in their backyard. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . My husband, Tim, is a technology consultant. AdvertisementAdvertisementIn 2019, a tenant moved into the main house and we moved into the ADU.

Persons: Julie Fornasero, Tim Logan, —, Tim, Marin, Logan Organizations: Service Locations: Marin County , California, San Francisco, California

☆ Help! The Police Seized My Rental Car and Avis Won’t Refund Me
▼ + stars: | 2023-09-21 | by ( Seth Kugel | More About Seth Kugel | ) www.nytimes.com time to read: +2 min

On day two, I parked the car in Waveny Park in New Canaan and when I returned, it was gone. The local police told me they had impounded the rental because Avis had reported it stolen to the New York Police Department. I asked Avis not to charge me for the rental, but they did, $653, and when I disputed the charge with Capital One, Avis fought me. I can’t believe Avis is renting out cars they have reported stolen, and then charging its clients. In it, Ms. Gibson said Avis apologized to you and has now refunded the rental cost, and implied that the company had not known the rental was reported stolen.

Persons: Avis, Lorraine, ”, renter, Edelman, Beth Gibson, Gibson, “, Lorraine “ Organizations: Kennedy International, New York Police Department, Capital Locations: California, New York, Avis, Connecticut, Waveny, New Canaan, El Dorado Hills, Calif

☆ What Happens When Wall Street Buys Most of the Homes on Your Block?
▼ + stars: | 2023-09-16 | by ( Ronda Kaysen | Ella Koeze | ) www.nytimes.com time to read: +21 min

Alvin and Patricia Maisonet bought their house in Bradfield Farms almost a decade ago. Bradfield Farms fit the bill: It is in an area that, in 2020, was 35 percent Black and 11 percent Latino, according to census data. Tarchia Barber chose to rent in Bradfield Farms because of the neighborhood’s rural feel. The RentersTarchia Barber liked the rural feel of Bradfield Farms, with cul-de-sacs and shady streets surrounded by farmland and woods. A school bus drops off students in Bradfield Farms, a quiet neighborhood where parents say their children often roam freely.

Persons: Ronda Kaysen, Ella Koeze, Logan Cyrus Sept, “, Alvin Maisonet, Maisonet, Patricia Maisonet, Joggers, ”, Alvin, Kelli Enos, Cash, can’t, Laurie Goodman, “ Covid, David Howard, Keith R, Madeline Bankson, They’re, Jessica Moreno, Tarchia Barber, Barber, He’d, Nikki Sloup, Sloup, Becky Johnson, didn’t, Johnson, Jesus ”, Greg McBride, Hall, Brandon Little, Keller Williams, Bradfield, “ We’ve, Jade Rahmani, Keefe, “ It’s, ” Mr, Rahmani, Enos, ” Dana Hartness, James M, Hasty, Ms, Lisa Damas, Kasey, Jim Sylvester, Sylvester, Hartness, —, — she’s, Dana Hartness, She’s Organizations: →, HomeRiver, Investor, Vegas, Kansas City, Antonio, Houston, Investors, New York Times, Homeowners, “, Bradfield Farms, Charlotte Airport, NORTH, NORTH CAROLINA, SOUTH, CAROLINA SOUTH, Bradfield, Housing Finance, Center, Urban Institute, National Rental Home, Rentals, Florida State University, Equity, Bankrate.com, Sheree, Nationwide, Facebook, Mecklenburg Police Locations: Ronda, Charlotte, N.C, Bradfield Farms, Bradfield, Paterson , N.J, United States, ATTOM, Atlanta, Phoenix, Memphis, Birmingham, Ala, Orlando, Fla, Jacksonville, Tampa, Kansas, Mo, NORTH CAROLINA, CAROLINA SOUTH CAROLINA, “, American, North Carolina, New Jersey, Peru

☆ Growing fury from Maui residents over the direction of early wildfire recovery efforts
▼ + stars: | 2023-09-13 | by ( Alicia Victoria Lozano | ) www.cnbc.com time to read: +7 min

US President Joe Biden is embraced by Hawaii Governor Josh Green (C) after delivering remarks as he visits an area devastated by wildfires in Lahaina, Hawaii on August 21, 2023. Rebuilding hasn't even started after a deadly wildfire destroyed the historic town of Lahaina, Hawaii, last month, but residents are already angry and frustrated with recent moves by Gov. Now, they say, that pattern could be repeated with the aid of an emergency proclamation signed by Green that could erode their hard-won rights, despite his reassurances that rebuilding would reflect the needs of Maui residents. "It is a real slap in the face when we still have to deal with the aftermath of this fire." Green reinstated the water rules last week, but residents are wary that future proclamations could jeopardize their efforts to restore Maui's streams and wetlands.

Persons: Joe Biden, Josh Green, hasn't, Green, Kekai Keahi, Makana McClellan, we've, McClellan, We're, Hōkūao Pellegrino, Nani Medeiros, I've, Medeiros, Marti Townsend, Townsend, Glenn Tremble, Manuel, Ed Wendt, David Henkin, Pellegrino Organizations: Hawaii, Gov, Maui Land Co, West Maui Land Co, American Civil Liberties Union, Sierra Club, Earthjustice Locations: Lahaina , Hawaii, Maui, Lahaina, Hawaii, Honolulu

☆ Don't forget to check the 'frunk' in a rented EV! A Hertz customer found a slab of rancid meat in his Tesla.
▼ + stars: | 2023-09-11 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +4 min

A Hertz customer found 10 pounds of rancid meat in his rented Tesla's front trunk, the WSJ reported. He told Insider the rotting meat had burst from its packaging and was oozing all over the frunk. The next renter made the unlucky discovery: Costco bags and a 10-pound pack of rancid meat that he told Insider was absolutely pungent. "Buried underneath the pile of groceries was the source of the stink," Marc Froemelt told Insider. He told Insider that he noticed the strange smell, but attributed it to odors from the roadside.

Persons: Marc Froemelt, what's, Tesla, Froemelt, Hertz, it's, Ford Organizations: Service, Tesla, Hertz, Wall Street, New, LaGuardia, Ford Locations: Wall, Silicon, who's, Atlanta

☆ Photos show European satellite tumbling to its fiery doom after a first-of-a-kind maneuver that prevented a lot of space trash and falling debris on Earth
▼ + stars: | 2023-09-08 | by ( Grace Eliza Goodwin | Maiya Focht | ) www.businessinsider.com time to read: +4 min

ESA said the maneuver reduced the risk of dangerous space debris impact and space junk collision. ESA took Aeolus's end as an opportunity to try a first-of-a-kind reentry maneuver called an "assisted reentry," ESA said in a statement Tuesday. Map showing Aeolus satellite's location as it inched closer to Earth where it ultimately burned up over Antarctica. This means there's more risk of satellites crashing into one another, and that space debris flying to inhabited places on Earth. Aeolus's assisted reentry was part of that mission to make satellite reentry safer.

Persons: Aeolus, reentries, Aeolus's, Tommaso Parrinello Organizations: European Space Agency, ESA, Service, Space Agency, Fraunhofer, NASA Locations: Wall, Silicon, Antarctica, Texas

☆ Video of a Ram truck flying through Burning Man's mud trap while hauling an RV is the best ad a car company could ask for
▼ + stars: | 2023-09-06 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

The driver of a Ram 1500 TRX defied the odds in a video of the vehicle driving over mud. Amid rainstorms and flooding at Burning Man, the pickup truck managed to escape the muddy playa. While others trudged through ankle-deep mud at Burning Man, the driver of a truck made by Stellantis's Ram brand appeared to power through the wet grounds of Black Rock City, Nevada. The Burning Man festival was hit with rainstorm over the weekend that left more than 73,000 stranded. AdvertisementAdvertisementEach year, Burning Man attracts over 70,000 attendees that include the average Silicon Valley tech bro, models, and billionaires.

Persons: TRX, Stellantis's Ram, Brendan Cogbill, hine, ake Organizations: Service, ust Locations: Wall, Silicon, Black Rock City , Nevada

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