DIRS.INFO The most relevant business & tech news

Our experts answer readers' insurance questions and write unbiased product reviews (here's how we assess insurance products). When I got renters insurance, I guessed how much I needed. Compare the best renters insurance policies. I've had my share of car accidents and auto insurance claims, but this was my first time having a major loss and filing a renters insurance claim. An emergency fund is a mustAn insurance claim takes time.

Persons: —, I've, adjuster, I'm Organizations: Service Locations: Atlanta

☆ A 34-year-old financially independent real-estate investor who used a home equity loan to afford his first Airbnb property explains how any homeowner can use this strategy to buy investment properties
▼ + stars: | 2023-06-11 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

A home equity loan lets you access the equity you've built up in your home. When Kent He and his wife bought their primary residence in 2019, they looked at it as a long-term investment. How home equity loans workA home equity loan lets you access the equity you've built up in your home. That means you have $150,000 of "equity" — and you may be able to borrow against some of that with a home equity loan. Don't confuse a home equity loan with a home equity line of credit (HELOC).

Persons: Kent He, Kent, they'd Locations: Boston, San Diego, Scottsdale , Arizona, Virginia

☆ A real-estate investor who spent a year talking to former landlords who lost money and had to sell their properties says their one major mistake was refusing to raise rent. He shares the strategy he u
▼ + stars: | 2023-06-07 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

McNeeley's 'binder strategy' allows him to increase rent, while still maintaining happy tenants. 'The binder strategy': asking tenants to increase their own rentMcNeeley's "binder strategy" involves sitting down with his tenants, explaining what the average rent prices in the area are, and ultimately asking them to set a fair price. The first page of the binder features a picture of the property they're renting and the amount McNeeley paid for it. "The tenants asked for more than a $300 increase because it's still below the area average and they're still getting a deal," McNeeley said. Typically, McNeeley employs the binder strategy when he acquires a new property and then does a 5% rent increase every other year.

Persons: Dion McNeeley, McNeeley, that's, he'll, they're, It's, He's, he's, handymen, they'd, I've Organizations: McNeeley Locations: Tacoma , Washington, Washington, McNeeley's

☆ This startup wants to curb fast fashion by helping you rent out your closet
▼ + stars: | 2023-05-31 | by ( Cait Freda | In Caitfreda | ) www.cnbc.com time to read: +7 min

By Rotation, a U.K.-based clothing rental app, hopes to eliminate the need for fast fashion by making peer-to-peer clothing rental mainstream in the United States. Individual users decide if they are willing to ship their items to users in other states. Despite the expected growth, online fashion rental and resale has proven to be a difficult business, especially on Wall Street. As the app grows, the startup is taking steps to ensure renters are trustworthy and lenders' items are protected from damage. "I wanted to wear nice clothes on my holiday and I thought about renting but there was no sort of digital fashion rental player here in the U.K. or even Europe," she said.

Persons: Eshita Kabra, Davies, Uber, we've, Kabra, Randi Wood, Wood, Martha Petrocheilos, Esther Gross, Ester Gross Organizations: Research, European Environment Agency, Marathon Asset Management Locations: U.K, United States, New York City, U.S, London, Los Angeles, Mexico, Rajasthan, India, Europe, Africa, Asia, New York

☆ I rent out my car on Turo and now it pays for itself. Here's how I got started and stay booked.
▼ + stars: | 2023-05-18 | by ( Jamie Killin | ) www.businessinsider.com time to read: +6 min

Nate Matos is a Turo host based in Miami. He started by renting his own car on the platform, then bought a second vehicle just for renting. I decided to become a Turo host after listening to Earn Your Leisure, a financial education podcast, about two years ago. The podcast brings on a lot of guests to speak about different aspects of business, finance, and entrepreneurship, and I saw an episode with someone who was sharing his experience with Turo car rentals. I did make some mistakes on Turo initiallyFor example, at first, I had both of my cars on Turo.

☆ 2 expenses that are worth it to this 31-year-old self-made millionaire—and what he refuses to spend money on
▼ + stars: | 2023-05-17 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

By his 30th birthday, Todd Baldwin was a self-made millionaire. One of the key factors that helped him get there: a frugal lifestyle. Another portion of Baldwin's wealth could be attributed to "house hacking," which can take a number of forms. Today, the couple still lives somewhat frugally, but a number of things have changed. When CNBC Make It spoke with Baldwin back in 2020, he said invested almost all of his earnings back into his real estate business.

Which type of homeowners insurance you need depends in part on the risks to your home. Southwestern Insurance Group founder David Stuart says that homeowner's insurance can provide financial protection to homeowners against unexpected losses or damages to their home and personal property. But since there are several different homeowner's insurance policies a person can choose from, making the decision of which one is right for you might feel overwhelming or confusing. There are eight different types of homeowners insurance plans — here are four ways to decide which one is right for you. Conlin shares that the HO-6 policy usually complements the homeowner's association master insurance policy, which covers the exterior of the property and shared property.

☆ How Much Rent Can I Afford?
▼ + stars: | 2023-05-11 | by ( ) www.wsj.com time to read: +7 min

Paying too much in rent could leave you struggling to pay your other bills or unable to save for the future. Here’s how financial planners say you can make sure your rent is in line with your income and goals. Experts we spoke to recommend keeping rent costs below 25% to 30% of your monthly income. Another factor to consider is whether spending a little more on rent could help you save on other costs. When it makes sense to spend lessIt can make sense to spend less than 30% of your net income on rent if you have other large expenses.

Persons: Kevin J, Ryan, isn’t, “, ”, Christopher Lyman, James Guarino, Baker Newman Noyes, Guarino, Garrett Sorensen, Akeiva, Ellis, Sorensen, you’re, it’s Organizations: Financial Advisors, ”, Utilities Locations: Newtown, Penn, Woburn , Mass, Boston , New York, San Francisco, Old Hickory, Tenn, Natick, Mass

☆ Eviction Bans Remain in California More Than 3 Years Into the Pandemic
▼ + stars: | 2023-05-08 | by ( Will Parker | ) www.wsj.com time to read: 1 min

California landlords say there is no longer any pandemic justification for many renter protections. Photo: Mario Tama/Getty ImagesA handful of California cities are still enforcing laws that protect tenants from eviction or rent increases, extending pandemic-era policies that most of the country wound down more than a year ago. The San Francisco board of supervisors voted in March to maintain a local eviction ban for unpaid rent until at least the summer. The city of Los Angeles, meanwhile, extended a prohibition on evicting tenants for having unauthorized pets or occupants in their apartments. It also renewed a rent freeze on rent-controlled apartments until next year.

☆ How to become a millionaire 'hiding in plain sight': Real-estate wealth manager David Wieland shares the low-risk strategy most of his mom-and-pop clients have used to scale up their portfolios over d
▼ + stars: | 2023-05-03 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Dave Wieland's wealth-management firm Realized works primarily with older real-estate investors who are ready to cash out of the properties they've owned for decades. The portfolio values of his clients differ — some are worth a couple million, while some total $15 million, Wieland said. But the common thread between all of them is that they're mom-and-pop, individual investors who work normal jobs: plumbers, used car salesmen, lawyers. Many of them have also used the same strategy over the years to scale up their portfolios, Wieland said. Work, work, work.

☆ Stocks making the biggest moves premarket: Starbucks, AMD, Pearson, PacWest & more
▼ + stars: | 2023-05-03 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in premarket trading. AMD — The semiconductor stock fell more than 7% in premarket trading after quarterly results a day earlier. PacWest's shares fell 4.6% in premarket trading after sliding nearly 28% on Tuesday. Biogen reported earnings last week, notching an adjusted $3.40 per share while analysts polled by StreetAccount forecasted $3.28. The online dating company reported first-quarter earnings that topped analysts estimates from Refinitiv after the bell Tuesday.

☆ I make almost $5,000 a month renting out clothes online I hardly wear. It only takes a few hours a day — here's how I got started.
▼ + stars: | 2023-05-02 | by ( Lola Christina Alao | ) www.businessinsider.com time to read: +7 min

I'm a size 14 and most of the clothes were in a size 8 or a size 10. It's become one of my most popular items. I started with a portfolio of around 20 items from my closet that I was happy to rent out. I'd love to wear them myself, but as a full-time mom, I don't do enough to wear these types of clothes. On Hurr, I rent items out for four days, and on By Rotation, I rent them out for three days.

Choosing whether to rent or buy has never been a simple decision — and this ever-changing housing market isn't making it any easier. With surging mortgage rates, record rents and home prices, a potential economic downturn and other lifestyle considerations, there's so much to factor in. "This is an extraordinarily unique market because of the pandemic and because there was such a run on housing so you have home prices very high, you also have rent prices very high," said Diana Olick, senior climate and real estate correspondent for CNBC. In December 2022, it was more cost-effective to rent than buy in 45 of those metros, the real estate site found. In the top 10 metro regions that favored renting, monthly starter homeownership costs were an average of $1,920 higher than rents.

☆ An idyllic California town, a celebrity landlord, and a rental from hell
▼ + stars: | 2023-04-22 | by ( Tatiana Walk-Morris | ) www.businessinsider.com time to read: +11 min

Sonaar Luthra and Sarah Szalavitz left Los Angeles for a rental in La Quinta, California, last March. The couple found a rental home online for $4,000 a month in La Quinta, California, a palm-tree-dotted hamlet about 2½ hours away, nestled between the resort-haven Palm Springs and festival-famous Coachella. They were relieved, they told Insider, because they believed someone in the public eye would be a reliable landlord. Luthra and Szalavitz thought moving to La Quinta would afford them the time and space to begin personal projects, including planning a wedding. The couple detailed how the celebrity-owned house in a desert paradise became a rental from hell.

☆ Bilt Rewards members can earn up to 8x points (effectively up to 13.2% back) at restaurants with the new Bilt Dining program
▼ + stars: | 2023-04-19 | by ( Joseph Hostetler | Jasmin Baron | Credit Cards Reporter | ) www.businessinsider.com time to read: +17 min

Bilt Dining is the new fastest way to earn Bilt Rewards points. Even transferable points currencies are breaking into the dining scene (programs like Capital One Dining and Chase Dining are relatively new), but no flexible rewards dining program is as easy to use as the latest creation by Bilt Rewards: Bilt Dining. Here's a quick look at what you can expect from Bilt Dining — and why it's a no-brainer for Bilt Rewards members, even if they don't have the Bilt Mastercard®. Apply nowBilt Mastercard® 4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4 out of 5 Stars $0 Annual Fee Intro offer N/A Rewards Earn 3X point on dining. Unfortunately, Bilt Dining is exempt from this — but you'll still earn double points on dining (6 points per dollar) when swiping your Bilt Mastercard®.

☆ Black homeowners had the smallest wealth gains over the past decade
▼ + stars: | 2023-04-18 | by ( Anna Bahney | ) edition.cnn.com time to read: +3 min

Middle-income homeowners gained $122,100 in wealth, with homes appreciating 68% over the past decade, according to the report. The study considered a household low-income if it earned an income no greater than 80% of the area median income. Middle-income homeowners are those with incomes over than 80% of the area’s median income but less than 200%. Black homeowners experienced the smallest wealth gains among any other racial or ethnic group, accumulating $115,000 in wealth in the last decade. Along with the wealth gains accumulated over the past decade, homeowners also reduced their debt by 21%.

☆ A real-estate investor who's built a 311-unit portfolio over the last 26 years lays out how new investors can scale up and maximize cash flow in today's market as strategies like home-flipping and BRR
▼ + stars: | 2023-04-16 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

A much better strategy to scale up in today's market is house hacking, Curry said. When Anne Curry started to build her 311-unit portfolio in the late 1990s, she turned to hard money lenders. Curry also said it offers investors to maximize cash flow and the chance to scale up. "Buy something that your mortgage payment is such where you could rent it out for that much, or maybe a little more," she said. The total mortgage payment for the property is about $3,000 per month she said, and he's able to charge $1,800 for the one unit and $900 for the bedroom.

☆ Real-estate investor Anne Curry has built a 311-unit portfolio since obtaining her first rental property in 1997. She shares the no-money-down strategy she used to scale up— and how she eventually wor
▼ + stars: | 2023-04-13 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

Anne Curry started her real-estate investing journey in 1997. She laid out for Insider in detail the method she used to scale up, starting with hard-money lenders. By the time they were ready to move out, the property had just about doubled in value to $124,000, Curry said. According to property tax documents viewed by Insider, she now owns a 59-unit property, a 30-unit property, an 14-unit property, and two 12-unit properties, as well as several smaller multifamily properties. Curry said the property was a good deal because big commercial real-estate investing firms weren't interested because it was considered affordable housing.

☆ 29-year-old earns $187,000 and only works 9 months a year — and his job doesn't require a bachelor's degree
▼ + stars: | 2023-04-08 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

"I absolutely love living in Spartanburg and being a travel nurse. I'm able to have a high salary as a travel nurse, but come back to where the cost of living is low." Tucker began his career as a travel nurse after earning an associate's degree. "I'm away from home, I'm away from family, I'm away from my dog," says Tucker. CHECK OUT: 29-year-old travel nurse seized a chance to make $187,000 and only work 9 months a year: It’s ‘a once-in-a-lifetime opportunity’

☆ I make $130K in revenue a year running 2 Airbnbs in the Colorado mountains. It's automated and only takes a few hours a week — here's how we set it up.
▼ + stars: | 2023-04-08 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +7 min

Our earnings definitely fluctuate from month to month — but this past year, we've averaged about $10,000 a month in revenue and made around $130,000 in revenue total. Typically, glamping Airbnbs feature tiny homes, trailers, or tents. It's a large piece of land, so the glamping Airbnb and the mountain home operate as completely separate Airbnbs. Investing back into your listings is crucial to scalingBerghoff's glamping Airbnb exterior. Unique experiences are the future of AirbnbBerghoff's glamping Airbnb.

If you have one of the Chase IHG Rewards credit cards, you'll earn an extra 10 points per dollar with the IHG® Rewards Premier Credit Card and IHG® Rewards Premier Business Credit Card, or 5 points per dollar with the IHG® Rewards Traveler Credit Card. Other ways to redeem IHG pointsOpt for airline miles instead of IHG Rewards pointsIf you'd rather receive airline miles for your stays instead of IHG Rewards points, that's an option, though redemption rates vary by airline. Transfer IHG points to a friendThere's also an option to transfer IHG points to a friend or family member at a cost of $5 per 1,000 points, or buying them through IHG's website. Some of these redemptions are as low as 100 IHG points, so if you haven't had any activity in your account recently, this is a good way to keep your IHG points from expiring. Use IHG points to attend special eventsThrough IHG Auctions, you can redeem IHG points for concerts, sports, special events, or other experiences.

☆ An NYC real estate investor explains why the 'golden age' of being a landlord is over and he's switching to 'safer' investments
▼ + stars: | 2023-04-04 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

A major NYC landlord told Bloomberg this week that he's selling off the bulk of his properties. He says the shifting political power of tenants and increased costs of being a landlord are why. Ben Carlos Thypin told Bloomberg this week on the "Odd Lots" podcast that he's pursuing an "orderly liquidation" of his properties. Power is slowly shifting from landlords to rentersWhen directly asked by Bloomberg about whether there ever was a "golden age" for landlords, Thypin pointed to research showing how policies in the 1950s helped create a boom for property owners. She added that real estate policies tend to target the creation of new properties, rather than protecting tenants in existing ones.

☆ Banks' internship and analyst programs could be in flux, and that might spell bad news for senior dealmakers
▼ + stars: | 2023-03-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

But before we get started, First Citizens BancShares has agreed to buy Silicon Valley Bank, according to a statement from the FDIC. Some of the ripples from the fall of Silicon Valley Bank have felt particularly significant (Credit Suisse bankers nod ominously). Some banks had to even break a cardinal rule of Wall Street: Turn away business. Click here to read more about how college students are feeling on edge about their upcoming Wall Street jobs and internships. You don't necessarily need seven-figures in assets to call it quits, per The Wall Street Journal.

☆ After interviewing dozens of real estate investors, I've learned that it's more affordable to become one than you may think. The one strategy that many of them use to afford their first property is ca
▼ + stars: | 2023-03-24 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Buying real estate can be a daunting and expensive process, but it's not impossible. A handful of successful real estate investors afforded their first property by "house hacking." A couple with a combined $100,000 in debt and social-worker salaries explained to me how buying real estate actually helped them pay down their debt. "It's the most inexpensive way to buy real estate," 28-year-old property owner Avery Heilbron, who afforded his first property by house hacking, told Insider. The aforementioned couple who got into real estate investing despite six-figures worth of debt also did so by house hacking.

☆ Three Million U.S. Households Making Over $150,000 Are Still Renting
▼ + stars: | 2023-03-13 | by ( Will Parker | ) www.wsj.com time to read: 1 min

Lee Robbins, a 36-year-old accountant, left Indiana for central Florida five years ago in search of sun and a six-figure job. He found both in Sanford, Fla., but one thing hasn’t changed. Mr. Robbins is still a renter. With the city’s median home price up more than $100,000 during the pandemic, Mr. Robbins said he needs a few more years to save for a down payment even though he now makes six-figures. “It’s not what I envisioned, to be in a two-bedroom apartment with my son,” Mr. Robbins said.

Search resuls for: "renter"

25 mentions found