How To Find a Room for Rent

Easily find a room for rent in your city, just know where to look.

If you’re relocating or just in town for a brief period, finding a room for rent vs. signing a full-year lease is probably the right move for you. You can save money and be close to where you want to live.

It’s also a good option if you have bad credit, you can still find an excellent place to live while getting your bearings. Or if you travel often, it may not be worth it to have a whole place to yourself. Whatever the reason, subletting can ease the burden on your wallet and on your mind as demand for housing is so high.

But just like any other rental situation, it’s important to stay aware of potential scams. Here’s how to safely find a room for rent in your city.

Is subletting a room for you?

Empty room for rent.

Empty room for rent.

Renting just a room is an excellent option for those that only require a spot to sleep at night or travel a lot, for example. But subletting a room for rent functions a little different than leasing an apartment directly from the complex or landlord.

When you sublet a room from someone, it’s often from the leaseholder. They list an extra room for rent, usually a roommate set up with your bathroom. Agreements are often month-to-month to allow for flexibility of terms.

While some agreements are verbal, it’s essential to get things in writing, as many scams will use this method to steal security deposits or rent payments. Some units will require first and last-month payments plus a security deposit. However, most don’t since the leaseholder already covered those payments under the master lease.

Take into consideration your privacy as you will be sharing communal areas with others in a roommate setup. Think about your must-haves like private bathroom, furnished or unfurnished; how many roommates are you comfortable with; whether it’s pet-friendly and other factors to make your search seamless.

Get all details in writing

Welcome home note with keys.

Welcome home note with keys.

Decide how long you want the terms to last. Many of those interested in room renting are there short-term until they save up enough to find a one-bedroom apartment or build up their credit.

Often your prospective roommate will just do a handshake agreement but offer a sublease agreement if they don’t. A sublease agreement is similar to a standard lease but signed by you, the sublessor, and the actual landlord. This provides complete transparency to the landlord, too.

Often complexes don’t allow subleases, and you could face unexpected eviction. This agreement will also cover you for any damages that occurred before your arrival. You will also have rent and utility payment terms in writing along with your timeline for the room. Utilities, for example, are usually included in the rent as a flat fee.

Understand your tenant rights

The sublessee does not have as many rights as the actual tenant of the unit. This is why a sublessee agreement is necessary in these cases.

Ask the tenant to show you the master lease before agreeing to anything. It’s essential to confirm that both the landlord and existing roommates are OK with this arrangement. For example, even if your agreement says you can sue the landlord, the courts often go by the master lease. If the master lease says you can’t, that’s the final word.

Know if you’re considered a tenant or a boarder in your state. Georgia, for example, considers a tenant the person who pays rent; a boarder is someone who pays a fee for the right to use a room for a short period. If you’re considered a boarder, you have minimal protection by the law.

If you pay weekly, the tenant only needs to give you a one-week notice to leave the premises. If the boarder has violated any rules, they can face eviction immediately with no warning.

Your rights will depend exclusively on your location and the type of written agreement with the sublessor.

Use social media to find a trustworthy match

Woman on her phone looking at social media.

Woman on her phone looking at social media.

The best way to find a room for you is by reaching out to friends, co-workers and family first. Anyone referred by someone you know adds an extra layer of safety. Post on Facebook and Instagram with your must-haves and have them reach out.

As any other roommate match, make sure that you talk about habits and work schedules to ensure that you’ll both thrive in this sublease. If you have a pet, agree to terms and pet rent, if needed.

Always look at the room before you sign anything or transfer any money. Room renters are easy subjects for scams as you rely on a third party for all terms but always trust your intuition. Pay attention to pricing and make sure it’s on par with the neighborhood.

Once you have tapped into your network, start by searching on Rent.com for rooms for rent. Craigslist may lead to some gems but beware of scams. University housing forums and startups like PadSplit offer rooms for rent as well.

You can view rooms for rent in the top 10 rental markets below:

Find a room for rent

Finding a room for rent is stressful. No matter your circumstances. But if you tap into your network through work and social media, you can find a good, trustworthy fit that allows you to save money and have a spot to crash.

Just make sure, as with any other financial exchange, that you protect yourself with an agreement, keep payment receipts and do a gut check. It’s always best to double-check everything.

Source: rent.com

Chapter Searches Every Medicare Option Nationwide to Find the Right Coverage for You

You’ve thought about retirement for years. But now that it’s approaching, you still have a lot of questions. A lot of them hinge on healthcare — and the prospect of having to part with an employer plan. And for those already on Medicare, too many wonder if they’re getting the best deal out of the government-sponsored coverage they invested so much in over their career.

Whether you’re enrolling in Medicare for the first time, shopping for a better deal or trying to improve your coverage or benefits, it can all be a bit overwhelming. Luckily, a free resource called Chapter will search every single Medicare option nationwide to match you with the right fit for your needs. It saves people an average $750 a year, plus it will help you find more benefits for less money.

Use This Service To Find the Right Medicare Plan for You

For most people who are turning 65 or retiring, enrolling in Medicare starts with a local broker. Unfortunately, those brokers usually only source from a fraction of the available plans in your area. They’re also often unable to search for all the benefits offered by these plans. That means you might not be getting the right plan for your needs.

Chapter offers the same service your local broker does, but what makes Chapter different is that their team of licensed advisors sources from every available plan nationwide to match you with the right one. The average person has upwards of 50 plans available in their area, so it should come as no surprise that the majority of plans have different benefits, drug costs, and of course, come with different price tags. Chapter’s free plan-finder consultation with a licensed Medicare expert saves older Americans an average of $750 a year. Chapter helps by finding plans with better benefits or by finding lower-priced versions of lookalike plans. If you’re already on Medicare, you could get your current or similar coverage for hundreds of dollars less by simply using this tool.

Here’s how it works:

Answer a few simple questions on Chapter’s website, including whether this is your first time enrolling, and some basic information about yourself, like your name and age, and Chapter will build a shortlist of recommendations for you. And don’t worry — the company won’t sell your responses to spammers.

Even easier? You can call 251-220-0839 to talk it over with an expert, who can walk you through the whole process. Whether you’re pretty much certain about a plan, stalled at a sticking point or haven’t even started searching, they’ll help. Chapter’s service is free, and its advisors’ compensation doesn’t vary based on the specific plan you choose.

Let Chapter Walk You Through the Process

When it comes to Medicare, wrapping your head around what you’re signing up for is the tough part. It can drive months of procrastination and possibly even cause you to miss a key enrollment period. About 700,000 people are hit with late enrollment fees every year for failing to enroll in Medicare on time, according to 2019 figures from the Centers for Medicare and Medicaid Services.

Luckily, Chapter Medicare will walk you through the whole process. Not familiar with all the insurance terms that thicken Medicare’s alphabet soup? Want to understand the difference between Original Medicare, Medicare Advantage and Medigap? Not sure how your prescription drugs will be impacted? Let Chapter help.

It takes just a few minutes to enter your information and get started. Chapter will take into consideration factors like your lifestyle, health and finances, then search every available plan to match you with the right fit for you — at the most cost-effective price.

Even better?  Each year, Chapter’s team helps you re-confirm or improve your coverage to make sure you’re always getting the right plan for you. So whether you’re shopping for a new plan or enrolling for the first time, get started here to see how much you could save, or call 251-220-0839 to talk it over with an expert.

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Source: thepennyhoarder.com

Arizona Credit Repair Tip | Getting A Zero Balance On Your Report

Even the slightest amount of credit repair research will tell you that paying down the balance of your credit card each month is one of the best things you can do for your credit.  Paying your credit card in full:

•    Avoids costly interest charges.
•    Keeps your balance to credit limit level low.
•    Boosts your credit score.

But, if you check your credit you’re likely to find that your credit report doesn’t reflect your responsible credit card habits.  Try as you might, you just can’t get your credit report to show a zero balance on your credit card – and you’re afraid it might be damaging your credit.

Why is that?

Credit Cards & The Credit Reporting System

Your credit card issuer updates your credit card information only once a month, and report to the major credit bureaus just after your statement closing date – which is at the end of your monthly billing cycle.  This is the same day your outstanding balance is calculated.

That means when you get your monthly credit card bill the balance shown has already been reported to the credit bureaus, and the fact that you paid your outstanding balance in full will not be reflected until the next month.

But, using your credit card again the next month creates a new outstanding balance to be reported at the end of your next billing cycle – and so the catch 22 continues.

Getting Around The Credit Report System

Even though the credit card reporting system seems to be against you and there looks like there’s no way out, don’t worry.  There are a couple of strategies that can help you beat the system and get that zero balance on your credit report:

•    Stop Using Your Credit Card For A Month – This is a quick, short term solution that will get your credit card issuer to report a zero balance.  If you pay off your balance then wait a month for your next statement to come, the issuer will report a zero balance to the credit bureaus.

•    Pay Off Your Balance Early – This is the best habit you can get into to repair your credit where credit cards are concerned.  Making sure that you have your balance paid down to zero before your credit card issuer generates your monthly statement means that they will report a zero balance.  This is a much more viable solution for the long term because you don’t have to stop using the card.

Voila!  You now have a zero credit card balance on your credit report, and the road to financial and credit repair is open.

Professional Assistance From The Most Trusted Arizona Credit Repair Firm

If for any reason you are still having trouble getting that zero balance on your credit report, or if you’re looking for other long-term credit repair solutions, contact Credit Absolute.  Our tried and proven methods of Arizona credit repair will help you get the credit scores you not only need, but deserve.  Contact us today.

Source: creditabsolute.com

Chase Sapphire Preferred vs Chase Sapphire Reserve insurance benefits – Which is better? – The Points Guy


Chase Sapphire Preferred vs. Sapphire Reserve: Insurance benefit – The Points Guy


Advertiser Disclosure


Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Please view our advertising policy page for more information.

Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Source: thepointsguy.com

Is the Amazon Prime Rewards credit card still worth the cost? – The Points Guy


Is the Amazon Prime credit card worth the cost?


Advertiser Disclosure


Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Please view our advertising policy page for more information.

Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Source: thepointsguy.com

PSA: Check Barclays Accounts For Erroneous Foreign Transaction Fees

Some readers have noticed that Barclays is charging foreign transaction fees on cards with no foreign transaction fees. Reddit user AlarmedMatter0 was originally told that their card did have a 3% fee, but upon escalation the second rep agreed that no fee should have been charged and that the fee would be refunded.

It’s possible that Barclays plans to start charging these fees in the future and that’s what has caused this mistake but given nothing has been communicated to cardholders as of yet I think that is unlikely. I suspect at some stage Barclays will refund all of these fees automatically, but in the short term I’d recommend checking your account if you have any foreign transaction purchases on these cards.

Source: doctorofcredit.com

Tax Deadlines Extended for Tennessee Flood Victims

Residents of certain Tennessee counties can wait until January 3, 2022, to file and pay certain federal taxes. The IRS extended various tax deadlines because of the severe storms and flooding that occurred on August 21, 2021, in parts of the state that were declared a disaster area by the Federal Emergency Management Agency (FEMA). The tax relief applies to residents of Dickson, Hickman, Houston, and Humphreys Counties who were affected by the storms and flooding.

Various federal tax filing and payment due dates for individuals and businesses from August 21 to January 2 will be shifted to January 3. This includes the October 15, 2021, due date for filing 2020 income tax returns that were extended (the original due date was May 17, 2021).

Tennessee storm and flood victims will also get more time to make the quarterly estimated tax payments that are due on September 15, 2021.

Penalties on payroll and excise tax deposits due from August 21 to September 6 will also be waived if the deposits are made by September 7, 2021.

You don’t have to contact the IRS to get this relief. However, if you receive a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date falling within the postponement period, you should call the number on the notice to have the penalty abated.

The IRS will also waive fees for obtaining copies of previously filed tax returns for taxpayers affected by the storms and flooding. When requesting copies of a tax return or a tax return transcript, write “Tennessee – Severe Storms and Flooding” in bold letters at the top of Form 4506 (copy of return) or Form 4506-T (transcript) and send it to the IRS.

In addition, the IRS will work with any taxpayer who lives outside Tennessee, but whose records necessary to meet a deadline occurring during the postponement period are located in the state. Taxpayers qualifying for relief who live in another state need to contact the IRS at 866-562-5227. This also includes workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization.

Individuals and businesses in a federally declared disaster area who suffered uninsured or unreimbursed disaster-related losses can choose to claim them on either the return for the year the loss occurred (in this instance, the 2021 return normally filed next year), or the return for the prior year. This means that taxpayers can, if they choose, claim these losses on their 2020 return. Be sure to write the FEMA declaration number (FEMA 4609-DR) on any return claiming a loss. It’s also a good idea for affected taxpayers claiming the disaster loss on a 2020 return to put the Disaster Designation (“Tennessee – Severe Storms and Flooding”) in bold letters at the top of the form. See IRS Publication 547 for details.

Source: kiplinger.com

Mint and Turbo CFP Answers Your Top Financial Qs

Through unprecedented times like this, the support from our respective communities remains most important to help us come out of this physically, mentally and financially stronger. As we make plans and take the necessary precautions for our physical health, it is also key that we have a plan in place for our financial health. 

If the state of your finances is one of your stressors, we’re here to help. Last week, we asked our Minters to share their top personal finance concerns during this time. From smart investing to revising your budgets to building an emergency fund, Brittney Castro, Mint and Turbo’s Certified Financial Planner, shared her top tips and advice to get us through this time. Watch here. 

At the end of the day, our health and wellbeing matter the most. While things may seem unpredictable at this time, we are always here as a resource for all things personal finance. For additional COVID-19 related resources, check out our growing list of cost-free resources. If you have any additional questions, tweet us at @Mint and we’ll be sure to support you as best as we can. Stay positive and healthy, Minters! 

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Source: mint.intuit.com