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    News and Articles on Rental Income

    Archives: Rental Income

    How will B&D handle their Towson real estate needs after HQ moves to Connecticut?  Nov 7, 2009
    The Baltimore County toolmaker might look to fill that void by pulling in workers from other office buildings where it leases space, shorting landlords of vital rental income at a time when tenants are already scarce. The real estate cutbacks are part of Connecticut rival Stanley Works planned $4. (Baltimore Business Journal, MD)

    Earnings Roundup: Berkshire Hathaway, Rosetta  Nov 7, 2009
    GREAT NECK, N.Y. (AP) One Liberty Properties Inc. said its third-quarter funds from operations rose 22 percent as rental income increased. YORK, Pa. (ABC News -- Wire)

    Fannie Mae getting into home rental business  Nov 6, 2009
    The company will get rental income while avoiding costly foreclosure expenses. It will also help to safeguard the homes, which are less likely to be vandalized when occupied. (MSNBC -- Business)

    142 Throckmorton Theatre hustles in lean times  Nov 5, 2009
    Since buying the 94-year-old former silent-movie house nearly a decade ago - it reopened in 2003 after a major renovation - Mercer said she has put in long hours while forfeiting a salary and rental income. She has covered the $20,000 monthly mortgage out of her own pocket. (San Francisco Chronicle -- Entertainment)

    Cultural group gets new home for artists  Nov 5, 2009
    The BCA expects to bring in $2,600 to $2,800 per month in rental income from Williams' cottage as well as three more units. Its mortgage is $1,500. (Florida Today)

    Condo association says half its owners are behind on a total of $675,000 in fees  Nov 5, 2009
    The request for a receiver says it is "unfair that unit owners should be allowed the benefit of rental income in their pockets when they are not meeting their monthly obligations to the condominium association.". Past practice has been for an association to ask for a receiver for each individual unit in default. (The Palm Beach Post)

    Housing Executive owed 21m rent  Nov 5, 2009
    Chairman Paul Maskey said its failure to collect rental income had "serious implications" for social housing ... "We found that the NIHE has been very slow to introduce measures designed to maximise rental income," Mr Maskey said. (BBC News -- UK)

    Foundations facing economic challenges  Nov 4, 2009
    The remainder of income comes from a variety of sources, including sales of goods and services, rental income and membership dues or fees. Many nonprofits also relied on grants and gifts from area foundations. (Buffalo Business First, NY)

    Hammerson's Vacancy Rate Little Changed After Expiration of Paris Lease  Nov 3, 2009
    The company said annual rental income generated by tenants in administration totaled 7 million pounds, ($11 million. or 2. (Bloomberg -- UK)

    Lower Your Taxes: 10 Moves to Make Now  Nov 3, 2009
    Watch That Rental Income. Youre allowed to rent out your vacation home and pocket the rent checks without declaring the rental income if - an thats a big if - you had a tenant for fewer than 15 days ... Exceed the limit and all the rental income becomes taxable. (CBS News)

    Inland Western defaults on loans, warns of more  Nov 2, 2009
    Though the company is struggling to pay off loans when they mature, it is still generating enough rental income to make regular interest payments, even on the defaulted loans. The REIT had $140. (Crain's Chicago Business)

    Income from property and its taxation  Nov 1, 2009
    In addition to the regular rental income, you can also earn income as capital appreciation. In the present era of increasing property prices, there is always a possibility of capital appreciation. (India Times)

    MetroCorp Bancshares, Inc. Announces Third Quarter Earnings with Net Income of $1.1 Million or $0.05 EPS, and Improvement in Net Interest Margin  Oct 30, 2009
    The decrease for the nine months ended September 30, 2009 was primarily due to a decline in service fees and a decline in gains on the sale of loans, partially offset by increases in gains on securities transactions, rental income received on other real estate property, and in the cash value of bank owned life insurance. Noninterest expense for the three months ended September 30, 2009 was $11. (Primezone Releases)

    2 downtown condo projects may switch to apartments  Oct 29, 2009
    A switch to apartments would require the bank to modify the loan, allowing RDM to service the debt using rental income rather than pay it off as the developer books condo sales. Mr. Mosky says Charlotte, N.C.-based B of A is open to the rental option. (Crain's Chicago Business)

    News in brief  Oct 27, 2009
    The growth in gross revenue and profit after tax was a result of full recognition of rental income from all 10 assets currently under its portfolio as compared with nine assets in the third quarter 2008, the REITs manager Quill Capita Management Sdn Bhd said in a statement yesterday. Earnings per unit was 2. (The Star Online, Malaysia -- Business)

    ING fund plans $700m cap raising  Oct 27, 2009
    IIF is a traditional real estate investment vehicle with its revenue derived from investment property rental income. Its major investors include the Dutch-based ING Group, which said overnight that it planned to offload its insurance business. (Sydney Morning Herald -- Business)

    Cascade of bank failures most in years  Oct 26, 2009
    Abandoned retail space in downtowns and suburban malls means no rental income for property owners. As landlords default on real estate loans, they weaken the banks that hold the loans. (Honolulu Advertiser)

    Your Money: Which type of retiring farmer/rancher will you be (4)  Oct 25, 2009
    You could depend on retirement income generated by your farmland, but rental income has always been a function of the value of the commodity grown, and when you factor in a farming child, you could be faced someday with the tough choice of forcing your child to pay more in rent than he can afford just so you can keep your standard of living where it is today. Plain and simple, no other industry except Enron (and you know how that turned out) depended on the assets of its own industry to provide... (Sioux Falls Tri-State Neighbor, SD)

    Experts at North Fort Myers forum provide advice on who to trust in housing crisis  Oct 25, 2009
    Now shes stuck with a mortgage and no rental income. There are people out there surviving by ripping off people like us, Greenway said. (The News-Press -- Business)

    Why not invest in listed property?  Oct 25, 2009
    These portfolios contain all sorts of types of properties like office blocks, warehouses, but essentially are managed by a property fund to get the best income for investors, who get a share of the portfolio's rental income in the short-term, while the value of the units themselves increases over the long-term, mainly because of the rising value of the properties in the portfolio. Types of listed property. (iAfrica.com)

    Foreclosure 101  Oct 25, 2009
    The math works out this way, said Singh: $15,000 in renovations put the total investment at $110,000; the $1,800 a month rent puts annual rental income at $21,600; less $10,000 a year in taxes and management fees (Singh has a company manage the property); leaves $11,600 in the investor's pocket since he paid cash for the property ... The math works out this way, said Singh: $15,000 in renovations put the total investment at $110,000; the $1,800 a month rent puts annual rental income at $21,600;... (New York Post -- News)

    Realty investment simple for NRIs  Oct 24, 2009
    Repayment should be made by way of inward remittance through normal banking channels or by debit to the NRE, FCNR (B) or NRO account, or out of rental income derived from renting out such property ... Rental income is repatriable. (India Times)

    Making right buy can result in big gain  Oct 24, 2009
    Whether it is used as a roof over our head or for capital appreciation and rental income, many Malaysians have benefited from buying property in one way or another. Astute property investors who have bought the right property, whether residential or commercial, at the right time have reaped attractive capital appreciation or rental yields from their investment. (The Star Online, Malaysia -- Business)

    The Democrats’ Culture of Corruption  Oct 23, 2009
    Charlie Rangel claims ignorance on taxes owed on rental income, even as he writes tax law for the House. On Pelosi s orders, the Ethics Committee ignores Charlie's lapses and refuses to hold hearings or investigate. (Human Events Online)

    Carter Refiling Disclosure Forms to List Exxon Profits  Oct 22, 2009
    Rangel also failed to pay taxes on about $75,000 in rental income he accumulated over several years from a villa he owns in the Dominican Republic; he paid about $10,000 in back taxes last year but did not pay penalties or interest, leading Carter to propose a Rangel Rule bill that would forgive penalties and interest on all taxpayers who owed back taxes. Carter s office showed Roll Call documentation that Carter had paid taxes on the income from the 2006 stock sale. (Roll Call)

    Recovery begs for rate cut  Oct 22, 2009
    These remain restrained by reduced household incomes (through less flexible income earnings, reduced dividend and rental income, and increased unemployment not fully compensated by fiscal support and falling inflation) and constrained credit access as the National Credit Act and banks enforce stricter lending terms. Manufacturing output increased by one percent in 2Q2009, and ferrochrome and steel producers have since signaled lifting activity levels through 2H2009, reflecting improving global... (iAfrica.com)

    Investing May Require Handiwork  Oct 22, 2009
    From Detroit to Cleveland, buyers are pursuing deals that could produce rental income. The prospects in warm-weather former boomtowns are more speculative. (Realtor Magazine Online)

    Less complicated than the sum of its works  Oct 22, 2009
    Not much retail glitz, but the group made a virtue out of deriving its rental income from non-discretionary spending. In 2003, Centro paid well over the odds - eyebrows were raised - for the MCS property syndication business built up by Julius Colman. (Sydney Morning Herald -- Business)

    Power Breakfast: Growing bank problems, airport delays, oil prices shoot up  Oct 20, 2009
    As a result, rental income is dropping and the value of properties is falling, making it difficult for borrowers to make loan payments and refinance loans when they come due. Loans are not worth as much now, said Henry Lorber, an Atlanta consultant who advises banks on how to deal with troubled real estate loans. (Atlanta Journal-Constitution -- Business)

    Oil Tankers Leased by TMT Held in Europe, U.S. After Non-Payment of Fees  Oct 20, 2009
    Oil Tankers Leased by TMT Held in Europe, U.S. Over Rental Fees - Bloomberg. Updated: New York, Oct 20 04:21 London, Oct 20 09:21 Tokyo, Oct 20 17:21. (Bloomberg -- US)

    Joint home loan results in higher tax savings  Oct 19, 2009
    If the house has not been rented out, it is deemed as rented out and a rental income is calculated on the basis ofprevailing market rates. So, the owner of a second house pays tax on an income that she may not have earned. (India Times)

    Hawaii income up at twice U.S. rate  Oct 18, 2009
    Personal income is income from all sources, including wages and salaries, business owner income, rental income, interest, dividends and transfer payments. The agency's estimates are seasonally adjusted and represent the change in personal income for the three months ended June 30 compared with the first three months of the year. (Honolulu Advertiser)

    Return of a Powell to House seat?  Oct 17, 2009
    Rangel neglected to pay taxes on rental income from his vacation villa in the Dominican Republic. He failed to report assets worth hundreds of thousands of dollars on his annual disclosure forms, including a hard-to-miss credit union account worth up to $500,000. (Albany Times Union)

    Rangel’s Legal Bills Top $1 Million  Oct 17, 2009
    The Committee on Standards of Official Conduct launched an investigative subcommittee in September 2008 to review Rangel s personal finances, including his failure to report rental income from a Dominican beach house. The ethics panel is examining Rangel s lease of three rent-controlled apartments in his district the lawmaker earlier gave up a fourth unit that he had used as an office in the same building and his use of House parking facilities for long-term vehicle storage, which is prohibited. (Roll Call)

    Real estate's next crisis  Oct 17, 2009
    As a result, rental income is dropping and the value of properties is falling, making it difficult for borrowers to make loan payments and refinance loans when they come due ... Such loans are considered much less vulnerable than loans made to investors buying shopping strips or office buildings for the rental income, where the loss of even a few tenants for any extended period could spell deep trouble ... Shopping centers and office buildings generate rental income, allowing banks to hold... (Atlanta Journal-Constitution -- Business)

    Closing ethical lapses in Congress  Oct 16, 2009
    The most serious of the multiplying allegations against the congressman is that he failed to pay taxes on $75,000 in rental income on a beach house in the Dominican Republic. As chairman of the tax-writing Ways and Means Committee, Rangel should know the rules as well as anyone. (Juneau Empire)

    Residents fight to save sycamores at Paly  Oct 15, 2009
    Palo Alto Online News. Uploaded: Wednesday, October 14, 2009, 9:35 AM. (Palo Alto Online, CA)

    * Shin Kong buys office buildings  Oct 15, 2009
    2 billion in annual rental income, Shin Kong Life, a unit of Shin Kong Financial Holding Co (s), said in the statement. Shin Kong Life, the nations third-largest life insurer, said it had agreed to take up Asia Plazas (gTs) 11,936 ping (39,400m2) Building A for NT$3. (Taipei Times, Taiwan -- World)

    How Many Properties Has Rangel Owned?  Oct 12, 2009
    In others, he allegedly failed to pay taxes and failed to report rental income ... (His 2008 report says the same property was worth as much as $500,000 and did not yield any rental income ... Last year, The New York Times that Rangel failed to report $75,000 in rental income on the Dominican Republic villa. (Human Events Online)

    Taxing rental income  Oct 11, 2009
    Answer: Any person who receives rental income from a property owned by them must declare it for income tax purposes ... There are, however, some deductions against the rental income that are allowed ... If the owner is married in community of property, then half of all net rental incomes will automatically accrue to his/her spouse. (iAfrica.com)

    Swamp Creature Rangel Needs to Find the Exit  Oct 9, 2009
    The committee also is looking at rental income from a vacation villa in the Dominican Republic that Rangel failed to acknowledge when filling out financial disclosure forms. Ethics Die. (Bloomberg -- Columnists)

    Homeowners seek cash by renting rooms  Oct 9, 2009
    Homeowners must declare the rent payments they receive as rental income. They also may be able to deduct part of property costs like utilities, maintenance and fees, depending on what percentage of the home they rent. (Carroll County Times, MD)

    Investor Report: Corporate Housing  Oct 9, 2009
    They also handle all reservations, tenant screening and management issues, and pocket all the rental income. Kimberly Smith, the company's CEO, told Realty Times in an interview last week that her marketing platform has opened the door to much higher returns for some individual investors - thirty to fifty percent higher annual revenues per unit than they'd been getting with conventional rentals. (RealtyTimes)

    Mayor explains yard-sign decision, writes letter of apology  Oct 8, 2009
    tomandme wrote on Oct 7, 2009 3:42 PM:" Sounds like the mayor is nowing trying to cover his tracks. He did not expect anyone to know about the sign incident and underestimated the individual that rents his property and provides him with rental income. As for his comments, clearly unprofessional and unfortunately a reflection on the city and the entire council..they don't care because they are operating a private club that intends to do whatever they want to. We need to educate this council on... (Longview Daily News, WA)

    After House Vote, Rangel Still Ways and Means Chairman  Oct 8, 2009
    Whereas The New York Times reported on September 5, 2008, that, Representative Charles B. Rangel has earned more than $75,000 in rental income from a villa he has owned in the Dominican Republic since 1988, but never reported it on his federal or state tax returns, according to a lawyer for the congressman and documents from the resort ... Whereas in an article in the September 5, 2008 edition of The New York Times, his attorney confirmed that Representative Rangel s annual congressional... (Human Events Online)

    Income study shows positive sign for region  Oct 6, 2009
    It encompasses such diverse sources of income as salaries, interest payments, dividends, rental income and government checks. Western New York s job losses since the early 1980s have been well-documented. (Buffalo Business First, NY)

    Taxing times  Oct 6, 2009
    "That could be if your main banking arrangements are still here, or if you have a share in a business in the UK or have UK credit cards or even mobile phones. "Even being a member of a golf club can be fatal to your plans," he says. "If you want to be sure you will not be regarded as UK tax resident, you need, in effect, to emigrate," says Mr Ludwig. What taxes might someone actually avoid?If you move abroad, then income earned outside the UK will no longer be taxed by the UK, but by the tax... (BBC News -- UK)

    Property investments yield high returns  Oct 5, 2009
    Investments in property offer short-term returns in ter 00004000 ms of rental income and longterm returns in terms of capital gains ... A commercial property is a good investment for those looking at high rental income and capital appreciation over a long run ... However, commercial property in a prime location has the potential to earn 10 to 12 per cent returns in terms rental income. (India Times)

    News Briefs (309)  Oct 1, 2009
    Sunday, September 27, 2009 Edition. Because Ms. Richardson isn't a Spears or a Lohan, she got the trashy treatment. (Malibu Times, CA)

    Phoenix hits bottom 10 in study of income growth over 25 years  Sep 30, 2009
    It encompasses such diverse sources of income as salaries, interest payments, dividends, rental income and government checks. The runners-up in bizjournals rankings are four markets that have managed to elevate their income levels during the past quarter-century without as much drama as New Orleans, or as much fanfare -- Oklahoma City; Bridgeport-Stamford, Conn. (Phoenix Business Journal, AZ)

    Pittsburgh among top metros for per capita income growth  Sep 30, 2009
    It encompasses such diverse sources of income as salaries, interest payments, dividends, rental income and government checks. In 2008, Pittsburgh's average personal income in 2008 was $42,819, the survey found, nearly 11 percent above the national per capita income of $39,582. (Pittsburgh Business Times, PA)

    Beach-home bargains surface in San Diego  Sep 26, 2009
    They often rely on rental income to make hefty mortgage payments. With the drop in rentals, they are hurting. (AZCentral -- Business)

    Investors in love with Paris again  Sep 26, 2009
    Landlords in the prime central business districts near the Avenue des Champs-Elysees, the Opera house and La Defense can now expect rental income equal to 6 per cent of building values or more, compared with about 4 per cent at the end of 2007, Jones Lang LaSalle estimates. The time has now come for us to re-enter the market,'' said Karl-Joseph Hermanns-Engel, a member of the management board at Hamburg-based Union Investment Real Estate, which has earmarked more than ;300 million for purchases... (Sydney Morning Herald -- Business)

    Simon Halabi Loses Control of Seven London Office Towers Following Default  Sep 26, 2009
    The receivers will act to secure rental income in the interests of lenders, CBRE said in the statement. CBRE hasnt instructed anyone to sell the properties, the company said. (Bloomberg -- UK)

    Lehman owes Canary $4.3B  Sep 25, 2009
    The Bank Street building accounted for about 16 percent of last year's rental income of Songb 00004000 ird Estates Plc, which controls Canary Wharf with a 61 percent stake ... The Bank Street building accounted for about 16 percent of last year's rental income of Songbird Estates Plc, which controls Canary Wharf with a 61 percent stake. (New York Post -- Business)

    Lehman Brothers Owes $4.3 Billion for London Offices, Canary Wharf Says  Sep 24, 2009
    Bank Street accounted for about 16 percent of Songbirds rental income last year. Lehmans lease covers 13 percent of the space owned by Canary Wharf, according to Songbirds annual report. (Bloomberg -- UK)

    Holbrook steps up unpaid tax collection efforts  Sep 24, 2009
    In cases of commercial property that is being leased, the treasurer would try to attach any rental income that is paid on the property. As a last ditch effort, foreclosure proceedings would be implemented. (Holbrook Sun, MA)

    City looks to buy Bell Federal building  Sep 24, 2009
    The value of 79 W. Monroe depends on several factors, including the rental income, says Daniel Hyman, president of Chicago-based Millennium Properties R/E Inc., which isnt involved with the building. Assuming the land is included, the building could be worth between $16 and $20 million, he says. (Crain's Chicago Business)

    Click to read:Dubious Accounting Shadows Top Democrat  Sep 23, 2009
    failing to report rental income and pay taxes on a villa in the Dominican Republic. failing to report income from a condo sale in Florida. (CBS News)

    Real Estate Investment 101  Sep 23, 2009
    A home in one market could give you vacation rental income in a half year sufficient to cover the cost of principal, interest, taxes, insurance, home owner association dues, upkeep and other costs, but still not appreciate. Another home in another market may not bring you sufficient rent in a year's time to cover the cost of owning the property, but might appreciate more than enough to make up for your carrying costs over the long term. (RealtyTimes)

    Loan unease for Comfort  Sep 23, 2009
    Expiring leases, including one for 63,000 feet from Wells Fargo, are not expected to bring in the same rental income even if they 00004000 are renewed ... Expiring leases, including one for 63,000 feet from Wells Fargo, are not expected to bring in the same rental income even if they are renewed. (New York Post -- Business)

    Tax Equalization Calculation  Sep 22, 2009
    Taxable personal income such as interest income, dividend income and net rental income are usually also included in the estimated hypothetical tax withholding calculation. Inclusion of estimated personal income in the tax withholding calculation helps even payment of taxes on such income over the year. (Suite101.com)

    Rangel a popular lawmaker with ethics issues  Sep 21, 2009
    The person most in charge of writing the nation's tax laws neglected to pay taxes on rental income from his vacation villa in the Dominican Republic. He failed to report assets worth hundreds of thousands of dollars on his annual disclosure forms, including a hard-to-miss credit union account worth up to $500,000. (MSNBC -- Politics)

    British Land Plans to Spend $1.6 Billion on Purchases After Broadgate Sale  Sep 20, 2009
    British Land has been trying to become less dependent on large, single assets for its rental income. British Land agreed to sell half of Broadgate, which has about 2 billion pounds of securitized debt, to , according to a statement today. (Bloomberg -- UK)

    Blackstone to Purchase 50% Stake in London's Broadgate From British Land  Sep 19, 2009
    Broadgates office buildings, stores, restaurants and ice- skating rink account for about a third of British Lands rental income. About 30,000 people work in the complexs 4. (Bloomberg -- UK)

    'Distressed' properties hit $1.8B  Sep 19, 2009
    The economy has forced a number of businesses, restaurants and retail stores to close, and without that rental income many property owners are finding it hard to keep up with their mortgage payments ... In many cases, Truitt said, banks are more likely to let the properties remain in private hands, especially when the properties are leased to tenants and are generating a steady flow of rental income. (Baltimore Business Journal, MD)

    Read more...  Sep 18, 2009
    Rental income generated nearly $450 million in Chicago in 2007. Rental housing levels have grown in neighborhoods that traditionally have been occupied by homeowners, including the Northwest, Southwest and South Sides, meaning that renters are dispersed more broadly throughout the city. (PNN Online)

    Honolulu officials balk at alternative rail plan  Sep 17, 2009
    Kamehameha Schools is also concerned about the effect on its land values and rental income. Kamehameha Schools owns about 229 acres with 1,000 lessees and sublessees near the rail route. (Honolulu Advertiser)

    The Most Corrupt Dem?  Sep 17, 2009
    Shortly afterwards, it was widely reported that Rangel earned more than $75,000 in rental income from a villa he owns in Punta Cana in the Dominican Republic -- income that was not only overlooked on his Congressional financial disclosures but also on his federal and state tax returns ... And just days ago, it was reported in the New York Post that Rangel reported no rental income for eight years on his rundown Harlem row house, even though public records show tenants were living there. (Human Events Online)

    It's game on in real estate  Sep 16, 2009
    The Age: national, world, business, entertainment, sport and technology news from Melbourne's leading newspaper. John KavanaghSeptember 16, 2009. (Sydney Morning Herald -- Business)

    Letters for Monday, September 14, 2009 (937)  Sep 15, 2009
    ltereader wrote on Sep 14, 2009 6:02 PM:" makuahine, I'm not an illegal, nor legal vacation rental owner. I work in the vacation rental industry and see first hand how many people these Ag estates employee. Here's another reality for you sunshine...all the ones I know have been paying their TAT and GET to the tax department for YEARS! Most have an on Island management company that file and forward this tax money on their behalf quarterly. Now, after all these years they're going to wag a finger... (Lihue Garden Island, HA)

    Vacation rental owners beg county for help (1526)  Sep 15, 2009
    The vast majority of those to testify on a controversial proposed bill one that would allow transient vacation rentals to continue on land zoned agricultural until a study determines the viability of agriculture operations on those lands voiced their support for it during the council s public hearing Wednesday, saying they need the rental income. I beg you humbly to let us keep renting while you figure which are good and which are bad ag lands, said part-time Kaua i resident Gigi Gaston, who... (Lihue Garden Island, HA)

    Letters for Sunday, September 13, 2009 (730)  Sep 14, 2009
    hlantzy wrote on Sep 13, 2009 6:56 AM:" RE:The vacation rental brouhaha!To Whom It May Concern:I am now and I have always been an outstanding member of the Waimea community. I have never knowingly broken the law in my business practices. When purchasing the property at Waimea by the Sea, being able to rent it as a vacation rental was a major consideration. There were several owners at the time of my purchase that rented out their units as vacation rentals. They had web sites advertising their... (Lihue Garden Island, HA)

    Condos forced into creative action amid foreclosure crisis  Sep 14, 2009
    The rental income will be used to pay the overdue assessments of condo owners who rented their units, then stopped paying. "Extraordinary times call for extraordinary measures," Circuit Court Judge Alan Dickey wrote in his order. (USA Today -- Money)

    Will the punch be spiked?  Sep 13, 2009
    Federal tax records show that Fuller Road Management Corp., the nonprofit entity that operates the college's buildings, collected $10 million in rental income last year. The Buzz column this week was compiled by Larry Rulison. (Albany Times Union)

    Lawsuit claims hospital interfered with business  Sep 10, 2009
    "Plaintiffs have lost all rental income and profits from the outpatient surgical center as result of defendant St. James Healthcare's adoption and enforcement of the conflict of interest policy," the lawsuit claims. The lawsuit also says the hospital's policy has interfered with the doctors' ability to sell the property, alleging that the market value of the building and business has significantly decreased. (Montana Standard, MT)

    China Haidian Announces 2009 Interim Results  Sep 10, 2009
    These properties in Guangdong Province and Hong Kong contribute a stable rental income to the Group for the period under review. Discontinued Operation -- Timber Plant in Shenzhen. (PR Newswire)

    * CALs four-star Taoyuan hotel to open in November  Sep 10, 2009
    2m2), in rental income a month. This story has been viewed 398 times. (Taipei Times, Taiwan -- World Business)

    New City Creditors Reject Lone Star's Bid for Failed Real Estate Trust  Sep 9, 2009
    New City, which earns rental income from more than 6,700 it manages across Japan, sought bankruptcy protection on Oct. 9, saying its failure was caused by difficulties in raising funds and selling properties because of the global financial crisis. New Citys liabilities were 112. (Bloomberg -- Japan)

    Albany airport looks to fill Eclipse vacancy  Sep 9, 2009
    This year s budget excludes rental income on the hangar, as the airport was unable to advertise the facility while Eclipse was in bankruptcy, Myers said. We re now marketing it on both the local and national level, he said. (Albany Business Review, NY)

    Kowloon Development 2009 Underlying Interim Net Profit Up 84% to HK$883 Million  Sep 9, 2009
    During the Review Period, the gross rental income generated from the Group's property investment portfolio, recorded a 5 ... Together with increased rental rates, the total rental income reached HK$108 million. (JCN Network, Japan)

    Sun sets on Eclipse facility  Sep 5, 2009
    The authority has $7 million in bonds outstanding, although the airport budget didn't include rental income on the building. . (Albany Times Union)

    Boehner Asks Rangel to Relinquish Gavel  Sep 5, 2009
    The ethics committee is investigating four specific allegations against Rangel, including his lease of multiple rent-controlled apartments in Harlem, N.Y., his use of a House parking spot for long-term vehicle storage, and his failure to report or pay taxes on rental income from a villa he owns in the Dominican Republic. Rangel has since paid back taxes on that income. (Roll Call)

    When Renting Out Your Home Makes Sense  Sep 4, 2009
    Circumstances prompting the possible renting of your home include: Living in another location temporarily Cannot sell house for acceptable price Rental Income provides good cash flow ... Pros Keep property to sell later at a better price Rental income covers mortgage, taxes, insurance, etc Tax breaks offset rent or other income ... Now, here is the really good part: the amount by which rental expenses exceed rental income is a tax deduction that can be used to offset or shelter up to $25,000 of... (CBS News -- Early Show)

    Australian REITs Retreat Home After $16.4 Billion Losses on Shopping Spree  Sep 1, 2009
    Theyre more like how they were when they first started being listed, which is pure vanilla property companies, earning good old fashioned rental income with maybe a bit of development, and thats it. . (Bloomberg -- Australia & New Zealand)

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