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...watching the wave of people switch from homeowner- to landlord-insurance coverage, a figure that's up 27% year-over-year. The web site Rent.com, which helps renters find places to live, has rolled out a new option for small-time landlords and is adding 1,000 properties a month. "We're finding that a lot of people have houses that they would have sold and now need to rent," says Rent.com president Peggy Abkemeier. "The demand is there. One out of every three renters who come to our site is [seriously] interested in this new inventory." (Read "Is Owning...
...Crunch the numbers. In many parts of the country the rental market is soft too - thanks in part to shadow inventory like houses from Accidental Landlords. If you're paying $1,500 a month on your mortgage but can only rent it for $1,000, is renting the right solution? It could make more sense to sell the house at a loss, especially considering that rent proceeds are taxed as income. "Sit down with a calculator and really do the numbers," says John Yoegel, a real estate instructor and author of Surprise! You're a Landlord: A Guide to Renting...
...news felt familiar: after a dramatic shootout in central Java, Indonesian police had managed to corner and kill the region's most-wanted terrorist, Noordin Mohammed Top. A month after first reporting Noordin's death in another August raid, police announced on Sept. 17 that - this time - they were "sure" that the decapitated body found in the house where the seige occurred was that of the Malaysian fugitive believed to have masterminded everything from deadly Bali bombings and an attack on the Australian embassy in Jakarta to the twin explosions on July 17 that struck two hotels in the Indonesian...
...lure callow youth to their cause. One of the suicide bombers who struck a luxury hotel in Jakarta, for instance, was only 18. Other key planners of the July attacks are believed to include former students at JI-linked pesantrens, or Islamic schools. In a comprehensive report released last month, the International Crisis Group (ICG), an influential terror and conflict watchdog, warned: "If officials of the [Indonesian] religious affairs ministry visit these schools, as they periodically do, and announce there is nothing amiss, it is because they are not looking in the right place...
...have [gotten] our revenge for our brother Nabhan," Shabab spokesman Sheikh Ali Mohamud Rage said afterward, according to Reuters. "We knew the infidel government and A.U. troops planned to attack us after the holy month. This is a message to them...