Renting a home 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 renting a home.
Termination Fee To Break Apartment Lease
A renter hopes to buy a home but is charged a high termination fee from their current landlord. Unless it is included in their lease, the landlord is not obligated to release them from their lease. The best strategy for the renters is to try to find someone to take over the current lease.
Homeowner Looks For Tax Angle When Retiring
A homeowner wonders if they should move into an investment property to be able to take advantage of the profit tax-free. Tax laws changed several years ago and now give sellers more flexibility when it comes to keeping the profit from the sale of a home. Seller can keep up to $250,000 (or $500,000 if married) in profits when selling a primary residence.
Renter Wonders About Condominium Rent Increases
As a renter you may not be sure how much your landlord can increase your rent by each year. How can you find out if your city has any rules or regulations about rental property rent increases? You can contact your city government or check the original rental agreement or lease.
Home Moving Tips: Things To Do Before You Move
Moving involved more than closing on a house or signing a lease. In addition to getting your home packed up, you've got utility accounts to close and open, change of address cards to fill out and dozens of other items on your "to do" list. Here are ten tips you can do that will help make your move go a little bit easier. You can even use it a checklist.
Buying Rental Property With A Home Equity Loan
Can home equity loans be used to buy rental property? You can't write off the interest you pay on the home equity loan as a rental property expense. Once a loan is tied directly to the rental property, you can write off the interest and any costs associated with getting the property.
Renting A Home Versus Buying A Home
The question of renting a home versus buying a home is common. You may be unsure if you can take on a mortgage loan, especially if you already have credit card debt. You have to take many factors into consideration when buying a home, including increasing home values and whether renting can save you money in the long run.
Gift Tax Or Capital Gains: Know Tax Rules When Selling A Home
A new condo owner is confused about whether she owes gift taxes or capital gains on the sale of her mother's home. Ilyce explains the rollover replacement rule and gift taxes versus capital gains. Always get a real estate attorney and tax adviser when selling a home when taxes like the gift tax or capital gains are involved.
Modular Rental Unit On Neighbors Lot
A homeowner has a neighbor who is adding a modular rental unit to their lot. The homeowner is worried the rental unit will decrease the value of their home. They might be able to talk to the county building and zoning departments about whether there are any land use restrictions in place for the community.
Using Rental Income For College
A couple disagrees on how to save for there children's college education. Should they save for college using traditional methods such as CDs and stocks or the income from their rental properties? If the rental properties are an investment strategy that's working for them, it's worth sticking with.