Author: blogger

Documents Needed To Claim Hra Exemption On House For Rent Bangalore

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House for rent Bangalore

* Rent receipts
* Rental agreement
HRA and Home Loan
Many people get even more confused when it comes to HRA and home loan together. But it is quite simple, really.
In a nutshell: There is no restriction in the Income Tax (IT) Act about claiming home loan and HRA benefits together.
If you are staying in a house for rent Bangalore accommodation, and have taken a home loan for purchase of a house, you can claim benefit for both HRA and the principal and interest components of the home loan.

(Please read Income Tax (IT) Benefits of a Home Loan / Housing Loan / Mortgage for more on IT benefits that you can get using a home loan).
You can claim these benefits even if you have rented out the house you have purchased through a home loan, and are yourself living in another rented accommodation.
The city where you own a house and the city where you work also has no significance: There can be different cities, or can be the same.

There are certain conditions that should be met for claiming IT benefit on HRA.
You can claim HRA exemption towards house for rent Bangalore, if:

* You receive HRA as part of your salary
* You pay the rent
* You stay in the rented house for which you pay the rent
* You do not own the house for which you are paying the rent

Thus, for example, you are paying the house for rent Bangalore in which your parents stay, but you stay in a different house. Then, you cannot claim exemption for that. You yourself should be an occupant of the house.

Following are some of the reasons considered genuine:
* The house you own is not conveniently located with respect to your workplace
* Your parents are living in the house you own. So, you have to stay in a rented place.
* The house you own is small. So, you have to rent a bigger house.
* You have rented out the house you own. And you stay in another house that you have taken on rent.
Experience is what makes a difference. Along with experience comes the mastery of the field. Along with mastery is the expertise.

What You Need to Know About Car Rental in Copenhagen

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Car rental in Copenhagen is very easy. You will find all the major car rental agencies in both the city center and in the airport. You can rent cars from: Sixt, Hertz, Europcar, Budget and Avis. So if you prefer a specific agency (or if you have a deal), you can find them in Copenhagen.

In Copenhagen Airport all the agencies have car rental in the corridor between Terminal 2 and 3 (the international part of the airport). When you are arriving and have got your luggage, just turn left and walk about 50 meters. Then you will see the car rental agency signs.

Avis, Europcar and Hertz are also represented in Terminal 1, which is the domestic part of the airport. If you want to rent a car from Budget or Sixt, you can just catch the airport bus to Terminal 3. It is free and it only takes a few minutes.

In the city center you can find all the agencies. They are all close to the Town Hall Square, the Main Station, the Tivoli Garden and a lot of the hotels.

It is not cheap to rent a car in Copenhagen; especially if you are used to rent car in the United States. But it is actually possible to rent a cheap car in Copenhagen.

Often the car rental agencies have special weekend offers. Long term rental is often also cheaper. You might find a car for a week for the same price as 4 or 5 days. Another way to get a cheaper car is to prepay it; instead of renting it when you arrive.

You will probably also find the car in Copenhagen smaller than in most other countries (in particular the United States). But the distances to everything in Denmark are short, so you will not need a large car; unless you bring a lot of luggage and your whole family.

If you prefer a big car, it is possible to find all the European luxury models in Copenhagen. That includes BMW, Audi and Mercedes-Benz. If you like to spoil yourself, rent a cabriolet in the summer. Or make your parking easier with a BMW Mini Cooper.

Investment Rental Property 3 Things to Consider When Buying

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There are so many methods in which a person can make money when it comes to real estate investing. Some of them have more risks than others. Automatically, those that carry the biggest risks are frequently the real estate investment techniques that have the highest potential profit but slow and steady, in many scenarios, wins the game. Flipping houses has been in the news more often as so many riches have been created doing this-more than a few have been lost in this method as well but those are not covered by the news nearly as frequent.

Dealing with investment rental property is not as fabulous and doesn’t give the almost fast profits that flipping houses can but it is also an excellent and valid strategy of real estate investing that will provide a constant profit over time if you plan properly. Investment rental properties are in demand today more than ever with so many folks going into foreclosure and losing the houses that they’ve worked hard to build for their loved ones. For this reason rental properties are a good thing to own at the moment, especially those that are family homes.

There are several reasons that people rent and while there are several risks involved when renting investment rental property, the risks are much lower compared to the risks involved in flipping or pre-construction investing options. There are several things you should think about when buying a property for the purpose of renting however in order to arrive a solid, wise, and long lasting decision for your real estate investment.

First, invest only in rental properties in locations that people want to live in. It may be true that you can buy property cheap in a few run down areas of town but it is doubtful that you will turn those properties into profitable rental units. It is great to pay some more for a more attractive address for renters. You will notice that your properties are rented oftentimes, which will give you more money in the long haul.

Second, give attention to the kinds of folks in the location and buy rentals accordingly. It is very possible to change big homes into several smaller apartment units (based on local zoning laws) that are ideal for college students. You do not want to implement this however in a location that is geared to family houses and won’t be good or tolerant of college students. Design the rentals based on the market you are attempting to rent out.

Third, avoid being greedy. The purpose of owning investment rental property is of course, to profit. At the same time, if you put a high price on your properties, you will notice that they sit vacant more often than not. Each month that your property is vacant is a month that you aren’t getting money on that property and a month that you are losing money at worst.

Fourth, learn about the market. Research the local market for purchasing real estate and renting real estate. This will aid with several things, not the least of which is the deciding factor whether or not any specific property will make a good rental unit. Another thing, it will aid you identify how much rent the units you are checking can provide month after month.

Lastly, when renting residential investment property you need to focus on the long-term goals instead of short-term goals. Property rental is a marathon race instead of a sprint with the biggest profits coming at the finish line. You will want to pay as small interest on the property as possible and pay the property off as rapidly as possible for you to realize the most profit potential and buy new properties. The true money when renting properties as a real estate investment isn’t in renting out one or two units but twenty or thirty units. The more rental residential investment property you have, the more money you will make from owning them.

Why Buy RV Rental Insurance

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Many people choose to rent recreational vehicles (RVs) to use while on vacation. Some of the time, these rental RVs can be covered through the drivers auto insurance policy. The way to do this is to first obtain an Insurance Binder/Endorsement from the auto insurance provider. Next, the RV rental agency must be added to the auto insurance policy as an additionally insured and a loss payee. There are many limits and complications to this option. Many drivers find that this coverage is not adequate and choose to purchase additional coverage through the rental agency. This is often a better option because it is less complicated and provides more comprehensive coverage. RV rental insurance is usually very reasonably priced and is most often secured through MBA Insurance.

It is a good idea for RV renters to purchase additional RV rental insurance. This covers the renter if there are damages to the RV, or if the RV damages other vehicles or property. The fact that most RV renters do not regularly drive RVs makes rental insurance a particularly good idea. RV rental insurance can usually be purchased from the RV rental agency for a reasonable daily fee. The fee varies depending on the rental agency and the particular model of RV. Insurance for smaller RVs starts around $15 per day, with medium sized RVs often costing $20 a day, and the largest models costing $25 daily. It is usually a good idea for renters to purchase Supplemental Liability Insurance. This insurance usually costs about $10 a day and provides the renter with liability protection up to one million dollars.

Most RV rental agencies provide insurance through MBA Insurance. MBA is the top name in RV rental insurance and has provided its services since 1978. MBA protects both renters and the rental agencies. Their policies save the rental agencies money by insuring the renters and keeping costs low for the rental agency. MBA Insurance provides the renter with full coverage, including liability up to a million dollars, collision, uninsured motorist, and comprehensive. Most RV renters choose to purchase this insurance through the RV rental agency, but it can also be obtained through the renters auto insurance company in many cases.

RV rental insurance covers the renter for most road-related damages and liability. Most RV rental insurance doesnt cover the interior of the recreational vehicle. Renters must be especially careful with the appliances and furniture in the RV, as those items are not usually covered by insurance.

Cool Housing, Hot Renting – Shanghai House Rental Market Keeps Increasing

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This demand for housing as an investment vehicle has been competing with housing as a human need, leading to a scarcity of affordable housing and the potential for social unrest.

To combat this, the government has recently introduced measures to cool the housing market, including curbing loans on third home purchases; raising minimum mortgage rates; restricting pre-sales by developers; tightening down-payment requirements for second-home purchases.

The new measures are obviously working – property sales fell by 70% year-on-year in Shanghai in May and developers have delayed sales of new residences because the municipal government hasn’t announced its property policy. In the high-end residential market, only 20 luxury units costing over 50,000 RMB per square meter were sold in Shanghai during the first half of June, and 36 out of 45 luxury developments available for sale saw no sales at all during the same period.

This increased difficulty in buying and selling homes has led many to look to Shanghai’s rental market instead, with the number of rental properties increasing by up to 20% and still rising. Many landlords are trying to rent out their properties, as opposed to selling them, while potential buyers are holding off on purchases until (they believe) prices will fall, and renting houses in the meantime.

Meanwhile, the ongoing Expo has been bringing many expatriates and foreign companies into the city, looking to support the event and enter the Chinese market, pushing up occupancy in popular high-end compounds and leaving few vacancies. This increased activity in the rental market pushed May’s Shanghai House Rental Index to 1221, a rise of 5 points from April.

Unlike many other large cities in China, Shanghai has yet to release detailed guidelines on implementing national policies, leaving many to take a “wait and see” attitude. For now, uncertainty means greatly reduced sales and many are waiting to see the guidelines in more detail before making any major decisions. The CBRC (China Banking Regulatory Commission) will continue to tighten lending, especially to high-risk sectors such as the property market, making it more difficult to buy properties and pushing more people to rent.

Some analysts see the “bubble” in China’s property market bursting very soon, with prices set to fall as much as 20 percent in the next 12 to 18 months. The ratio of housing prices to disposable income in Beijing and Shanghai is 13-14 times and many see this as unsustainable in the long-term, although the leasing market should continue to remain steady.

While many multinational companies reduced expat relocation to China during the financial crisis of the past two years, the twin factors of increasing expat relocation to Shanghai and the 2010 Expo mean the high-end residential leasing market will remain hot for some time to come, with high occupancy rates and fewer vacancies than ever, especially in Jinqiao, Pudong and expat-friendly compounds in Puxi, which currently have an occupancy rate of almost 95%. This increasing demand has already pushed the high-end residential leasing market into an upturn and this will continue throughout 2010 and 2011.