Questions around the use of property that is rented to others.

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3
votes
3answers
160 views

How much does a landlord pay in taxes?

I live in California, and am considering buying a house in Vancouver, WA, to rent it out to friends. What I don't know, and seem to have trouble finding the answer to, is: how much taxes would I pay ...
3
votes
1answer
83 views

I am considering selling a house that is rented out - what is the best approach?

I own a single-family house in Germany, and consider to sell it. It has been rented out for about ten years, and the tenant gives the impression he wants to stay forever (he does not yet know about my ...
13
votes
7answers
2k views

Is there any instance where less leverage will get you a better return on a rental property?

The larger a mortgage I have on a property the less money I have to put up front so my initial cash flow is worse but my cap rate and overall return is better. However the larger my down payment the ...
11
votes
1answer
111 views

Can I take a deduction for expenses associated with an investment property I didn't buy?

I own a couple of rental homes that are very cash flow positive, so I was looking to buy another investment property. I found a duplex and put a contract on it, but based on the inspector's report I ...
4
votes
1answer
85 views

How to deal with end of tenancy for the tenant in the UK

I signed (in London - UK) a tenancy agreement in December 2013 for 3 times 1 year (the landlord wanted this instead of a 3 years contract). The term of the contract will arrive in a few months and I'd ...
3
votes
0answers
55 views

Will it be financially advantageous to rent out my condo on AirBnb?

I'm considering renting out my furnished 2BR/2BA condo as a daily rental. It is close to hospitals and is in Little Rock, the capital of Arkansas. I don't expect to make enough money to pay all the ...
2
votes
2answers
170 views

How to manage 20 residential apartments

My friend's father (Say, Mr. X) in India had invested in a piece of land long time back. Two years back, he sold that land to a real estate builder. The agreement of the deal was the following: "The ...
1
vote
1answer
55 views

Should I extend my property for more rent from tenants?

I have two houses in city, one in which I am presently living and the other house is rent out for 10,500 INR\month. I am planning to extend the other house for more rent from tenants. The extension ...
0
votes
1answer
77 views

Handling loan on flat to rent

I intend to buy 2 room flat and rent it. Flat costs 240k and I have 70k in cash. I expect to get paid 2k per month from renting flat (1k per room). Bank requires my minimal contribution of 10% of flat ...
3
votes
1answer
40 views

What would trigger a “due on transfer” clause when transferring property ownership to an LLC?

I plan on co-owning a rental property. Soon after closing, the plan is to transfer the title to an LLC for some liability protection and our lender has assured us that the due on transfer clause won't ...
7
votes
3answers
279 views

Unusual real estate market with seemingly huge rental returns

Experts, we've lived all over the world for a year or two here and there. Presently I live in a central US urban region which leans to government-technology. Housing is tremendously cheaper here than ...
1
vote
0answers
55 views

Guidelines on when to buy or rent an apartment (in Europe)

I am currently facing an important decision for my life: I finished studies and will soon enter industry to work. Due to the fact that I will likely earn some money on a regular basis, I want to ...
0
votes
1answer
41 views

Mortgage Interest and Property tax for a multi-family rental property I live in

I own a two-family house (duplex) and live on the first floor. Traditionally I've been reporting half the taxes and mortgage interest as expenses against the rental income, and the other half as my ...
4
votes
2answers
135 views

Landlord living in rental unit - tax implications?

I own a 2 family house, and after many years of renting out one half of it (and many travails with tenants), I have moved a family member into the property rent free. I have unused depreciation in ...
-1
votes
4answers
216 views

Renting or Buying an House

We are a young couple who are renting apartment near NYC. It has been almost 4 years that we have been renting and after every couple of years we had to move to a newer location and every time our ...
1
vote
1answer
76 views

To sell or to rent the house?

My wife and I currently have a mortgage on one house with a little over $4k left on the loan with 6 or 7 payments left. We are buying a new house (with a mortgage, 80% LTV financed at 2.875%, 15 year ...
0
votes
1answer
52 views

Can I claim home-improvement expenses on a rental I live in but do not own?

My father owns a house that he rents to me. I take care of all the maintenance and upkeep like lawn care, and repairs. He doesn't claim any of these on his taxes. Can I claim these expenses on my ...
0
votes
1answer
51 views

Purchase a home as primary residence but rent it until current lease is up

If I purchase a home as a primary residence, how can I rent it out until my current apartment lease is up (about 1 year)? My intent is to use it as a primary residence, just not within the 60 days ...
3
votes
1answer
79 views

How much CGT due after moving and renting out primary residence in Australia?

I currently live in my primary residence with an outstanding mortgage, but will be moving out and relocating for work in a few months time. The initial post is for 2 years but may be extended ...
0
votes
0answers
26 views

Cost basis of personal home converted to rental

I am helping with a situation where a home was converted from a personal home to a rental. It is owned by a woman and her husband. She got it from her ex-husband in a divorce. He got it from his ...
3
votes
1answer
72 views

Savings on taxes when selling rental property

I have rental property that I want to sell. The house was built in 1950; it needs major improvement that I am not able to afford. What's the best way to sell the house that would be cost effective for ...
1
vote
1answer
68 views

Foreign Tax Deduction vs Credit

As I understand it, the Form 1116 Foreign Tax Credit is intended to allow you to avoid double taxation on foreign income. You are allowed a credit up to the amount of US tax that is due to the ...
1
vote
1answer
135 views

Buying a house to partially rent out - what to consider?

I'm considering buying a house in the next year or so, and my plan is to rent out room(s) to help pay off my mortgage. I have no debt and will have a 20% down payment on the house, and intend on ...
3
votes
3answers
163 views

When buying a duplex are current “cash tenants” a situation to avoid?

I'm looking at duplexes for sale with the intention of buying one (both sides) to rent out. From an income-property buyer or landlord perspective, are properties for sale with cash tenants in place ...
26
votes
3answers
6k views

My tenant wants to pay rent through their company: Should this raise a red flag?

I have a tenant in a residential rental property who wants to pay rent through their company. They are asking for my SSN because they say their CPA needs it. Should this raise any red flags?
0
votes
1answer
60 views

Book keeping setup for real property depreciation

I have a rental property. I'd like to set up my books such that: the cost basis depreciable value of the house is reflected in an account, the annual depreciation is recorded sensibly, the initial ...
4
votes
1answer
107 views

Tax treatment of renovation costs and mortgage interest on a second house

In mid 2015 I purchased a house with the intention of completely renovating it and renting it out. The renovation is now complete with approximately half of the renovation cost incurred in 2015 and ...
1
vote
1answer
55 views

Can you combine multiple rental incomes and expenses for tax purposes in Canada?

I have been reporting my rental properties income and expenses separately using tax filling program called GenuTax. It's rather time involved, to simplify things I am wondering if it is possible to ...
1
vote
1answer
91 views

Repairs to a house in order to rent it that were paid by the beneficiary, but is still owned by a Trust

1. Since my mother's Trust owns her house, & I paid the repairs out of my accts, how do I deduct them - or can I? My mother left her house to me, but it is still in her Trust until the other ...
3
votes
1answer
152 views

Selling property outside the US - gains are taxable, but how do they convert?

Now permanently living in the US (but not a US citizen), I consider to sell (rental) property (a house) outside the US. I understand that I need to pay taxes on a potential gain; but how are the gains ...
1
vote
1answer
115 views

Living in LLC owned rental property

I have an LLC-sole manager- with rental properties in the US. I am considering downsizing and living in one of the rental properties. Should I pay rent to my LLC? What are the legal/tax implications ...
0
votes
0answers
116 views

rental dispute between tenant and landlord

I am a tenant in a single home. My former landlord sold the property. My rent was $1300 monthly. The new landlord wants me to enter a lease agreement to pay first, last and $1500 monthly. The ...
3
votes
1answer
72 views

How can I prove my ownership of government savings bonds?

I am in the process of moving to California from out of state, looking for an apartment to rent. I am currently unemployed and have no monthly income, but I have a decent amount of money in the bank ...
3
votes
3answers
150 views

Retirement Options for Income

I am in the UK and hoping to retire in a few years. I am aware that pension rules have changed recently so an annuity is now not my main option for an income - due to my age annuity would only yield ...
5
votes
2answers
164 views

Rent Increase for Section 8 tenants

We live on a property managed by a non-profit housing cooperation claiming to promote quality affordable housing. We receive Section 8 and when we moved here in 2008, the rent was $1110.00/month, and ...
1
vote
4answers
319 views

Can rent be added to your salary when applying for a mortgage?

I'm interested to know whether mortgages in the UK are ever given by taking into account any rent that the owner may acquire, rather than simply the owner's salary. My understanding of standard ...
2
votes
1answer
53 views

Tax deduct rental property expenses in future

I'm an australian doing postgrad in australia, and my current government awarded income is tax-exempted. I would like to know if in a couple of years when I start working, I can tax-deduct the ...
3
votes
2answers
96 views

Does rental income count towards Roth IRA phase out range?

Let's assume the following scenario: Someone is single Earns a $100k yearly salary from their employer. Collects $35k a year in rental income Will this scenario qualify someone for the phase out ...
0
votes
1answer
80 views

Submitting my property for section 8

I have a tenant who wasn't section 8 qualified when they started renting from me. The main breadwinner however has just passed away and the remaining family members (spouse and kids) now qualify for ...
-1
votes
3answers
228 views

What return are you getting on your money from paying down a mortgage on a rental property?

If you bought a $200,000 rental home with 20% down, what is the return on investment you're earning over the full 30 year period from paying down the loan using the rental income? We will assume the ...
1
vote
0answers
73 views

Schedule E: What “Type of Property” do I use when renting out a room?

If I rent 1 out of 4 bedrooms in my house, then 25% is rental and 75% is personal. In filling out Schedule E, I use my house address in Line 1a. Line 1B is for "Type of Property". How do I ...
2
votes
1answer
87 views

UK Income Tax on rental income from property

My wife and I have a buy-to-let property held jointly. My understanding is that the profit from rental of this property should be split 50/50 for the purposes of income tax. If the profit per person ...
2
votes
1answer
84 views

Rental Property Income Tax Calculator

Situation Summary: Last year I simulated doing my own taxes by hand but I missed a ton of deductions. Thankfully I go to a CPA who didn't miss them and things were fine. This year half my annual ...
-3
votes
1answer
69 views

Need small buisness ideas with 100k $ budjet in a 3rd world country [closed]

What small projects ideas you propose for me in Algeria (3rd world country in north Africa ) with 100k budget I can establish my business in 2 cities the capital or another city with a lot of oil ...
5
votes
1answer
336 views

Taxes on AirBNB income for renter

I have been living by myself in a large multi-bedroom apartment in a 3-apartment house owned by my landlord, who lives downstairs. We have been renting out the apartment I live in from time to time on ...
2
votes
2answers
198 views

Effect of taxation changes for an employed landlord (£40K) with a rental property that breaks even

What effect do the recent changes to UK taxation have on a landlord with employment income of about £40K and a unfurnished rental property that just about breaks even? (E.g. the rent just about ...
4
votes
1answer
103 views

Renting out rooms in my home, what's the proper way to deal with utilities for tax purposes?

I rent out two rooms in my home. Currently we split the utility bill between 3 people, i.e. the utility bill is in my name, and I pay the utilities and then get reimbursed for the other two thirds by ...
4
votes
2answers
191 views

Renting a flat in the UK with a student

I'm a working professional, and want to rent a privately-owned 2 bed flat in the UK with a master's student. I know some landlords don't want to rent to students. But since I am employed, would they ...
6
votes
1answer
444 views

Capital gains tax when I sell my home if I use a portion of it for an AirBnB

We live in Virginia. We own a nice-sized home and now that the kids are gone we are living on one floor, except for the laundry room. We are considering renting out the downstairs as an AirBnB space. ...
3
votes
3answers
429 views

Why does FlagStar Bank harass you about payments within grace period?

So, I just bought my 4th rental property. I always set up everything for automatic payment after the 1st day and before the 2nd week of the month. The reason being, I get all of my rents by that time. ...