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6 Tips for Renting Out Your Home
As the housing market continues to recover, you may hear about renting mavens that capitalize on the increasing rental market. Renting can be a great way to make some extra income, but it's important to consider the appropriate preparations before you get on board. If you are thinking about renting out your home, here are some tips to consider. 1. Know the Laws Not every state operates with the same landlord and tenant laws so be sure you know the laws that will govern your property before listing it. Your neighborhood may also have rules about rentals. Not only is your responsibility a huge obligation, but there are legal implications involved in becoming a landlord. It's a good idea to study up on your rights and what you can or cannot demand from your tenant. 2. Create a Contract A simple lease with the accurate legal jargon drawn up can go a long way in protecting you. It's a good idea to have every adult who will be living in the home sign the document before moving in.
More Money, More Problems: Why Pro-Athletes Go Bankrupt After Retiring
Romone Penny, Founder and CEO of Pursuit Sports Group says professional athletes are challenged by many factors when it comes to managing their finances. The professional sports world is known for huge paychecks, but so many athletes file for bankruptcy soon after retiring. ESPN's (DIS) 30-for-30 documentary cites staggering statistics on bankruptcy of former players just a few years into retirement. A pro-athlete doesn't just deal with their salary, but also endorsement income. NBA player LeBron James makes about $42 million annually in endorsement deals from companies including Coca-Cola (KO), Nike (NKE), and Dunkin Donuts (DNKN). Penny also says financial education is key, and sees different investing tools for athletes in the future including the stock market. TheStreet's Kurumi Fukushima reports in New York.
China's Billionaire Boom: Jan. IPOs Build Wealth for 24
Feb. 17 -- China saw wealth grow for 24 citizens who have joined the billionaire ranks so far in 2015, thanks to a string of IPOs in the month of January. Bloomberg’s Rob LaFranco reports on “The Pulse.”
Oscar nominees fuel Chinese movie piracy
Oscar season has arrived, and China is flooded with pirated DVDs of nominated films despite a crackdown on bootleggers. Jane Lanhee Lee reports.
Apple to hit refresh on its brick-and-mortar stores
In a recent interview with The New Yorker, Apple's head designer Jony Ive revealed the tech giant plans to revamp its physical stores. PCMag's Dan Costa discusses the news with CNBC's Dominic Chu.
Do lotteries target the poor?
FBN’s Charles Payne, conservative blogger Crystal Wright, Moody’s Capital Markets Chief Economist John Lonski, A&G Capital CIO Hilary Kramer and NewOak Capital President James Frischling on Americans’ spending on lottery tickets.
Squats could win free travel in Mexico
Mexico City is considering offering people free bus or train tickets to people who do exercise at the station on their way to work.
Greek Banks Said to Need More Emergency Funds
(Bloomberg) -- Greek lenders are urging central bank Governor Yannis Stournaras to seek additional emergency cash as deposit outflows accelerate, according...
How Adobe kickstarts innovation from its employees
A tool called Kickbox, which Adobe is now giving away to any company that wants to try it, helps employees develop and test new ideas.
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