• 5 Posts
  • 29 Comments
Joined 2 years ago
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Cake day: July 8th, 2023

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  • Wow lots of assumptions here. My wife only rented it out enough to cover her expenses (mortgage, insurance, property management, etc). She only netted $100 a month as “profit” but that doesn’t include taxes at the end of the year, and she was paying towards $6000 she owed to house repairs. It doesn’t include repairs needed from normal wear and tear and tenant damage.

    A lot of your assumptions are based on profit towards selling the house, which in this situation means its not sustainable on its own without you covering everything out of pocket.

    The real kicker here is that her tenant made more money than my wife. The tenant was making at least $10,000/month per bank statements.

    Your other comments are false also. State laws here are very clear on what can be charged as a deposit.

    None of that was my point though, and I realize sharing that here on a meme was dumb on my part. I’m not looking for sympathy, I was just feeling a rare moment of sharing an experience often overlooked: two hard working people who independently buy a starter home, meet later, and one moves in with the other and tries to rent out their house. Landlords aren’t always evil but your reply demonstrated all the immediate assumptions and biases. After all, why should anyone be allowed to own more than one home, right? Especially if they try to rent it out? I guess Air BNB is better.

    A lot of us lived in rentals and heard talk about the dream of rental supplemental income, but it’s not all it’s cracked up to be and not really feasible without an insane rate or having enough cash to not pay a mortgage. It’s probably why more companies are trying to buy up houses.


  • xantonin@lemmy.worldtoMemes@lemmy.mlLazy moochers
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    13 days ago

    When I married my wife and she moved in we tried renting out her house with a property management company. She got one tenant and had that tenant for over 2 years with no complaints and we never raised the rent, just enough to cover taxes going up too.

    But when we wanted to move to a larger house we gave her an 8 month notice we couldn’t renew since the market is so bad and we needed to sell. And my wife wasn’t profiting at all, she was still in the red from the repairs and setting up the house to rent out. We offered her like $10k off the price.

    Anyway long story short, the tenant gave us hell for those 8 months, and when she moved out we found she never complained about anything because she ignored all the problems which made things worse and the house needed thousands of more dollars to prepare and sell.

    She’ll never try being a landlord again, she hated it and the tenant shit talked her “landlord” on Facebook all the time like she was some evil monster.

    I don’t know how anyone else does the landlord thing, this must be all the ones run by evil corporations.

    This was a house my wife bought for like $150-180k originally.






  • A sleep scientist/professor named Matt Walker has a podcast about, you guessed it, sleep. He talks about this and how it’s very unfair to people who are biologically programmed to get tired later.

    He goes on to describe scientific proof of the effect this has on their sleep and the impact to their health. It’s sad really, but his hope is to raise awareness and acceptance of the night owl’s schedule.





  • For those that don’t know in the US even if you use a third party system the final settlement of the money still has to go through the Fed and it’s usually as either a Wire or an ACH transaction. ACH is slow and batch processes which can be daily. Wire can be quicker but more expensive. Some banks give you access to funds sooner but it’s still not settled until that NACHA batch file goes through the Fed.

    Anyway there are two instant payment systems coming to the US: RTP (by the Automated Clearing House (ACH)) and FedNow.

    Outside the US they’ve already had other instant payment systems.


  • xantonin@lemmy.worldtoAndroid@lemmy.mlLemmy Apps
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    2 years ago

    I tried Connect first but it seemed to default to All view and I just wanted to see Subscribed. I also tried Lift Off but it didn’t link to profiles on Mastodon correctly, and finally I tried Jerboa and it does everything right, smooth, and I like all the interface buttons. There were other things I tested too but I just like Jerboa overall.