 Trying to find a way out of my lease? |
| I've been in my apartment for 3 months now and having a litte trouble with it's space. It's very small and I really regret signing the lease I did because it was the only apartment I ... |
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 What are the usual reasons a house would stay on the market for an extended period? |
And, pray explain each.
'Unmotivated seller' -- okay -- but, why would somebody go to the hassle of listing their house if they were quite so unmotivated?
'O... |
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 Bad credit? |
| I apparently have REALLY bad credit. My lease is up at my apartment and I am looking to move. I put in an application for an apartment today and was denied because of my credit. I have never had a ... |
|
 How to get rid of a tenant not paying? |
a tenant is always late in paying me my money for rent
he is one month in arrears he is pays in 50 pound injections
this month he should of paied on the 27th nov
its now the 5th and he ... |
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 I have this tenant who has always been 1 day later on the rent since she has been here. |
Should I say something to her? I know that it is one day, but I already spoke to her twice and I do not appreciate that one bit. Any suggestions?
Additional Details
I know it is not a ... |
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 What do you do if a tenant moves out and doesn't return their keys? |
How long does a landlord typically wait before changing the lock and charging it to their deposit?
Additional Details
gafpromise, Is it really 30 days from the time they actually walk ... |
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 Daughters apt. burglarized can she terminate lease agreement? |
| My daughter walked into her apt. and found two young burglars there. She confronted them and they took her friends stuff not my daughters. She was threatened by one of the burglars that they would ... |
|
 How do I buy an abandoned building? |
| There are a few properties around here that are extreamly old. There are buildings on it that obviously havn't seen human care in years. There is no for sale sign or anything like that. But I am ... |
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 Is it my or my landlords' responsibility to take care of a major weed problem? |
I'M RENTING A HOUSE THAT'S ON THE MARKET FOR SALE. THERE IS A MAINTENANCE AND REPAIR CLAUSE WHICH STATES:
"LESSEE WILL, AT LESSEE'S SOLE EXPENSE, KEEP AND MAINTAIN THE LEASED... |
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 How to deal with tenant who does not pay the rent? |
| I recently leased a house (I do not live in the same city) to a family on 6-month lease term. They just moved in. But they are not paying even the 1st month rent and I found they are telling many ... |
|
 If you have 7 mileon what do you want to buy ? |
| if you have 7 mil $ what do you want to buy for it and is it a good question or not ?... |
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 A couple take out a joint mortgage. Can a second charge be taken out on the property without joint consent? |
| The husband built up a huge debt, which the wife knew nothing about. The first she knows about it is when she opens a letter from the company who has taken out a second charge on her jointly owned ... |
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 I would like to buy a house any tips? |
| I live in illinois ,right outside of chicago and I want to buy a house. I dont have the best credit but i also dont have the worst. I just want to buy a house near where i live now for my children. ... |
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 Is it descrimination to say no to a renter becouse of someone in their family is a tuck driver.? |
| i know the rentee has the right to rent to anyone they wish, but if they say this is the only reason why they will not rent to the person, is that legally wrong? its like saying no i wont rent to u ... |
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Instinct Kid | What is an easy description of the word "asset" and "liability"? |
I'm talking about houses, and from the book Rich Dad Poor Dad, it claims that the no.1 rule for being wealthy is to understand these two words and spend more on assets |
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lcayote
|
assets are good stuff like house car money etc liabilities are what is bad like debts money owed people or things that pull you down like some people. |
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hailey
|
what ya got =asset
versus
what you owe=liability |
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katerschenko
 |
Assets are things that represent cash, if you can liquidate them [ property, stocks, deposits at bank etc. ].
Liabilities are debts therefore you have to pay the cash to liquidate them which makes them a liability! |
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Pengy
|
Asset is the worth of something you own
Liability is how much you owe on it
In houses if your house is worth 100,000 and you only owe $50,00 your net worth would be $50,000. (The amount that it is worth minus the amount you owe on it) |
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Serge M
 |
In legal and accounting terms, assets are things of value that have future economic benefits. They may be tangible and intangible. Tangible assets include buildings, equipment, land, natural resources like timber, cattle, and gold. Intangible assets include patents, copyright, trade marks, trade names, leaseholds, and financial assets such as accounts and notes receivable, and bond and stock investments. From a personal point of view, you may also consider assets to be your education, skill, knowledge, good looks, and intelligence. These are typically not measured or considered as assets in business.
Liabilities are obligations you have toward others. They include obligations to pay money in the future, often with interest. They may also include obligations to deliver goods or perform services in the future. Liabilities include accounts and notes payable, and long term and short term debts, such as bonds payable and mortgages payable. Liabilities are typically measured in terms of money. For example, obligations to be honest and polite are not considered liabilities. They are classified as virtues. |
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SCH
 |
Asset=something of value you have or something in good working order
liability=something you owe to someone else or something that needs to be fixed |
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chito zuri
|
assets are the probable economic benefits obtained and controlled by you as a result of past transactions. The asset must provide future net cash inflows. You should be able to receive the benefits and restrict other person's or entity's access to the benefit .
liabilities are the probable future sacrifices of economic benefits arising from present obligations of you to transfer your assets or provide services in the future as a result of past transactions or events.
the house whether paid in full or not remains to be an asset. If you obtained your house through borrowing, you will have both- asset and liability. |
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Morgan M
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What you have and what you owe. In the case of property, asset is a property that brings value to your networth. It either produces cash flow, or has equity or great prospects for future equity. A liability property would be one that is costing you to keep. Low rents, high taxes or you paid too much for it and it's value is less than what you paid. So, What makes you money and what costs you money. |
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freakboynv2000
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an asset is something that puts more money in your pocket than it takes out in a month.
a liability is something that takes out more money in a month than it puts in.
using this definition your home that you live in is a liability and not an asset. while it is true that most homes appreciate, you cannot take advantage of that value without slaughtering the asset. A rental home that takes in more money in a month than you have to put out to keep it up is an asset. you can use that value without slaughering the asset. |
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Doran P
|
An asset brings in a positive cash flow.
a liability consumes cashflow.
Your house is an asset...but not your asset. It is the banks asset. Even after it is paid in full it is still not an asset...because you pay property taxes. You might feel it is an asset because you could borrow against the equity...but then you are making payments again.
It never becomes an asset until you sell it, and earn money from the sale |
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Taxperson
 |
An asset can be a liability when it depreciates (i.e. new sports car) - fun but expensive.
A Liability can be an asset if the interest rate on servicing the debt is less than you are making on the money you have. This is why the rich get richer and it takes money to make money. |
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Kristyw/h American Home Mortgage
|
You have 3 types of Assets :
1.Regular Assets that you own House,Car,Boat,etc If you owe money on these assets the amount there worth minus the amount you owe is what is the total asset value of these items
2.Liquid Assets-These consist of money in your Checking,Savings,401k,Stocks Bonds,Life Insurance with a cash value, ETC all these are liquid because you have acess to them at anytime
3.Personal Property- These consist of Furniture Clothing jewlry etc that each have a value to them
Liabilities -
This is all the debts you have home vehicle credit cards etc
So to determine what your Net Worth is Take all your assets an estimate a value for each of them then substract them buy the total amount you owe in liabilities and this is your net worth |
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