Archive for the ‘Rental Properties’ Category

How to find out what is the property rental transient sales tax in every state?
Could you please point to a list if it exists?

Thank you!

my agent is taking me to VCAT for minor damages to my former rental property. can VCAT or the agent garnish my wages when centrelink is my only form of income at present? my father says they can and will garnish it but l read that a judge wont make a ruling on this of a pension is your only form of income.

I INHERITED THIS RENTAL PROPERTY FROM MY FATHER AND AM HAVING SOME ISSUES WITH A TENANT HE RENTED TO. WHAT ARE MY RIGHTS IN CHANGING THINGS UP A LITTLE NOW THAT THE PROPERTY IS MINE. I KNOW THE TENANT WILL NOT BE PLEASED WITH SOME OF MY CHANGES.

What are the pros and cons…I am interested in purchasing somewhere in the L.A or the Valley area. I would be a 1st time home buyer. I may live at the new location, but not 4 long as I may be moving in with someone. I would like to keep the property therefore making it a rental/income property. What are the pros and cons…possibilities?

by taking it off my primary residence in california. I now pay a mortgage payment on that loan, can I write off the entire mortgage payment as a tax write off, or interest only since it is a rental property???

We have a property for rent and my brother has a couple and wants to put under our care. We are thinking about starting a property rental business. How do we get started? What are the important things we need to know.
Thanks for any advice.

If I have a rental property, when I file the income tax return, for the mortgage interest and insurance paid, should I report under (1) “Rental Real Estate”, 1040, line 17, or (2) Schedule A, Itemized deduction?

Thanks

Own 2 houses. i live in one and my mom lives in another. I listed her as a renter to get the second mortgage (house I live in). I pay small fraction of my mom’s house payment. Do I have to list the house as a rental property when I file my tax return in Texas therefore increasing my income and not receiving the full benefits of the tax break?

In the state of CA, if the owner of rental (single-family home) have to pay for the tentants moving expense. My landlord wants to sell the rental property to a family member, they have given us a 90 notice (verbal), but since give us a written notice back dated to April…the only reason they are selling the home is they can’t afford the up keep; we have lived in the home for 12 years and is current with the rent…it is a month to month lease. Are they partly or full responsible for my moving expense? If, so how does it work?

I have a rental property that someone else was running for me, now I’m taking it back over. I know there should be money set aside each month to cover repairs – everything from small plumbing to bigger things like replacing the roof (when needed in xx years). How much $ should be set aside each month (i.e. what percentage is the norm) for such things?