Do you own a house you'd like to rent out rather than sell? It's a common scenario in today's market, especially if you've inherited a house, are moving to another home, or are buying an investment property. And it may mean you're about to be a first-time landlord. Follow the advice in this book to ease into your new role and earn substantial profits while avoiding costly mistakes.
- Learn your legal obligations.
- Estimate costs and profits.
- Choose good tenants and avoid problem ones.
- Make the most of valuable tax deductions.
- Handle repairs and property management tasks.
The 5th edition is updated to cover major legal changes, in particular how the Tax Cuts and Jobs Act created pass-through deductions that can benefit landlords. Includes sample forms and budget worksheets.
Author: Janet Portman, Ilona Bray, Marcia Stewart
Publisher: NOLO
Published: 10/13/2020
Pages: 336
Binding Type: Paperback
Weight: 1.00lbs
Size: 9.00h x 6.00w x 0.90d
ISBN: 9781413327939