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Being treated like a pariah when applying for rentals despite having a decent net worth?

I have suffered from a chronic illness for the past 5+ years and was unemployed. my money came from the stock market, it still does. Because I live in a frugal way, only paying enough for absolute necessities (Rent, utilities, basic needs), my tax returns over the past years aren't wowing. The thing is, in assets (Stocks) I have over 7 figures. For most of these places, I can afford 40 years worth of rent up front. I don't know how else to put it. It's confidence killing, honestly. "Uh... you're unemployed?". That's the response. "This is a very unconventional application". We could literally experience a nuclear war and I'd still never miss a rent payment. Liquidity is not an issue. I have no record, etc. I get it. I understand that it's unconventional, that they have a system to abide by - but there's really nothing else wrong with me? Never missed a rent payment, things like that. I do not want to buy a house because it reduce...
Recent posts

Am I the crazy one regarding this appraisal situation?

To bring y'all quickly up to speed regarding this situation. I'm selling my home in an area which is still considered a slight seller's market. The home initially got two offers within the first 5 days, but that could've been luck because half of the homes square footage is technically in a heated partially finished walkout basement, so it's not included in the gross living space which makes the home look much smaller for the asking price. There has been a 2 month delay in this closing process, because I had to go through insurance to get the roof replaced after an insane snowfall came through the area and damaged the roof. A bit about the buyer. They initially tried to low ball 10k under asking price but I stood firm so they offered to pay asking price on cash. Later, they decided to change from Cash to FHA loan, claiming he didn't want to pay fees associated with getting the cash. This required him needing an appraisal, to which it ended up coming out 18k un...

Why are property managers involved in telling condo owners how much personal liability insurance they should have?

(Honolulu, Hawaii) It is understandable for this to come from a condo management association. Source: It is standard for a condo association board to require owners to carry liability insurance, typically ranging from to cover accidents, injuries, or negligence within the unit, often protecting the association from lawsuits. I live in a condo and own two units -- one I'm occupying and one that I was renting to my son. I have ample insurance on both. The association has always been fine with my insurance levels. My son recently moved out and I hired a property manager (unaffiliated with the association) to find me a tenant. The property manager now wants much higher insurance levels that I have. What's going on here? What risk does the property manager incur to his business by my having a lower insurance level? submitted by /u/Markdd8 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1s2sp3p/why_are_property_managers_involved_in_telling/

Architects doing paper lot land sourcing/site acquisition? Entry into architect as developer

(Originally posted in r/architects ) I was pushing Gemini’s “architect as developer” knowledge by asking some questions about the logistics of that and how it works. It told me one way to break in is by doing site sourcing and basically using your architectural skills to present packages showing what can be achieved on a lot. Is there a precedent for architects/designers doing site sourcing for developers by presenting feasibility studies of undeveloped land? It also told me that you could put a form of sweat equity into the development project by doing this. I really don’t know much about anything real estate related so I’m wondering what you all have to say about this? From what I gathered in other searches though, it seems like a lot of site sourcing is done with AI now anyway, so what value would a designer bring if you did this? I also don’t get how you’d even approach somebody. “Here’s a pdf with colorful boxes on an Axonometric diagram of this site you don’t own, now pay m...

Smart vs Emotional choice. Which to choose?

Without getting too deep in the weeds, my wife and I are torn between two houses. House 1: On a ridge with a view, checks all our boxes though has some small compromises but we would be able to get it around $45k below comps and due to the area we expect it will appreciate very well. It needs a big of updating and due to poor photos and terrible design choices, these small updates could have strong ROI and will appreciate well. We really like the house and it’s a very high quality, 10 years old and will have lower monthly costs. It’s fairly private and only 10 minute commute and you can hit trails within 1 mile (both trail runners) House 2: We love and was love at first time. It checks all the boxes and it felt like home from the first tour. It’s in a good area and will have decent appreciation but not like house 1. It’s a 40 year old house so if has some unknowns with the windows being older, well has a slow flow rate(due to region not well issue) and a few other cost unknowns but ...

Water entering house – – should I fix?

We live in Pittsburgh, where water in basements is pretty common. In my case, the back patio seems to be gapping on one side and letting water underneath, which runs into the basement. After a heavy storm, there can be close to a gallon down there. I run a dehumidifier and fans. I'm wondering if it's necessary to try to fix this before selling the house in approximately three months. One contractor, who is unfortunately terrible at responding to texts, came out and proposed a solution which he was fairly sure would solve the problem. He never got back to us with a quote, but considering it involves removing and replacing a roughly 9x9 concrete pad, it would be at least several thousand dollars. Is it better to roll the dice and hope this fixes it, or simply disclose the problem and let the buyer deal with it? EDIT: some people may be thinking that I am considering not disclosing the problem. I'm just asking whether to fix it or not. submitted by /u/fludeball [lin...

Internship at a Real Estate Firm. What are the key expectations?

Hello everyone, I wanted some insights as to what would comprise of the projects and tasks an intern at the Investment and Asset Management division of a Real estate management firm could be expected to get? I'm assuming it would mostly be financial modeling of various properties and research? If anyone can give insights, it would be great. Thank you! submitted by /u/Dabbbaaa [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1s1g23s/internship_at_a_real_estate_firm_what_are_the_key/

[US-OR] Planning to move in the next 9 months, list now?

We are planning to move in the next 9 months. Should we list our house now, while we are still living in it? We're probably at least 3 months out from actually being fully prepared to move to our planned destination. We would need to continue living in our house for 2-3 more months after selling, if it sold within the next month. submitted by /u/ebol4anthr4x [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1s1a4lb/usor_planning_to_move_in_the_next_9_months_list/

Questions about 100+ yr old house

Questions were facing: Property sold AS IS. Currently put in offer of XXX. Inspection was yesterday and more things have either shown up as not working when they said they were and the electrical was tied in to both knob and tube and a new panel so both boxes are having issues. Can we ask them to take a lower offer now on the pretense we may walk away totally? Purchasing for family member. (Son). No financing. Insurance wanted to label him as a renter if it was titled under us (mom and dad). If we add him to the title does that lower insurance rates? Our current insurance didn’t show that it would but I haven’t shopped for insurance in 25yrs. Anyone have insight on something like that? Multiple little things showed up- window ac not working, 2 broken windows, propane stove top one burner not working, fill valve needed in bathroom sink, HVAC in basement making noise possible bearings or bad motor but not all the time. Are those things considered as-is and do we have any wi...