Rental property can be easier than owning a home, but it requires its own special set of circumstances. Whether you’re the renter or the landlord, look at the articles, columns, blog posts, radio shows and videos for more information about rental property.
Become Landlord Or Sell Home After Quit Claim Deed?
When you get a home via a quit claim deed and then have to move out of state for work you're faced with a decision. Should you sell the home you received through a quit claim deed or should you try to keep it as a rental property? The decision to be come a landlord or to sell a home depends on whether you have enough money to maintain the home or feel that you can find a good tenant. You should also take tax considerations into account.
Good Books For Landlords
Looking to become a landlord? Authors Robert Irwin and Robert Shemin offer a few good landlord books. If you want to become a landlord you may want to read these books.
IRS Announces 1031 Exchange Safe Harbor For Personal Use
If you own rental property and want to sell it to buy other property, you may want to consider a 1031 exchange. It allows you to not pay taxes because...
IRS Issues Guidance On Mortgage Debt Forgiveness
This morning, the IRS finally issued guidance on how homeowners who completed a short sale, and had their mortgage debt forgiven by lenders, can file ...
Landowner Wants To Sell Fraction Of Property
A landowner who owns one twelfth of a property wants to sell. The landowner says his co-owners will not buy him out. The landowner wants to know his options for getting out of the property.
Landlord’s Tenant Moves Out Early, Refuses To Pay
A landlord asks what to do when his renter plans to skip out early. The landlord asks about putting a lien on the renter's new home. The landlord might be better off suing his renter in small claims court.
Decreasing Tax When Selling Investment Property
An investment property owner wants to know if there's a way to sell and pay less tax. He asks about gifting the investment property. A 1031 exchange might be an option for the investment property.
Ilyce Glink on WSB Radio – January 13, 2008
This week on the Ilyce Glink Show, Ilyce updated listeners on her visit to Las Vegas for the 2008 Consumer Electronic Show. She then flew to New York for the semi-annual Inman Connect show, which is where technology and real estate meet. She also talked about the stormy financial events of the week, including the drop in the stock market, and massive financial write-downs taken by investment companies. She took calls from listeners about 401(k)s, IRAs, investing in and financing rental properties and vacant land, and home equity loans and lines of credit. Don't forget to check out her Forum for the Ilyce Glink Show notes (www.thinkglink.com/forum) and sign up for her new YouTube channel, www.youtube.com/expertrealestatetips.
Tenant Breaks Rental Lease Early
When a tenant breaks a rental lease early, it can cause a host of problems. An early termination fee will help curb problems you can have with the renter, along with scheduling a final walk-through to document the condition. Working with a real estate attorney can also ensure you're handing your rental property and tenants according to the law.
Homeowners Association Restricts Rental Property
The owner of a condominium wants to lease his property to two 21-year-old women. The homeowners association says the building is restricted to "single-family homes" and he cannot lease his condominium as a rental property. Ilyce says the homeowners association president is mistaking the meaning of, or incorrectly defining a single-family home and they may be violating the Fair Housing Law from HUD.