Timeline for Moving and renting out my house
Current License: CC BY-SA 4.0
8 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Oct 23, 2018 at 9:22 | comment | added | J. Chris Compton | @Steve in some areas in the U.S. there isn't regulation, in my city there is. I assume most areas here are regulated in that regard somehow, but I'm not a lawyer so that's just an assumption. | |
| Oct 23, 2018 at 9:19 | comment | added | Steve Melnikoff | Indeed; I've addressed some of this in my answer below. | |
| Oct 23, 2018 at 9:18 | comment | added | J. Chris Compton | The military thing is (as stated) unlikely. But don't forget that because you aren't living in the area you wouldn't be able to do minor repairs yourself and would have to trust others to tell you if they are even needed, and trust them to get competitive bids, etc. LOTS of risk to my mind on break- even deal if you're a distant landlord. | |
| Oct 23, 2018 at 9:15 | comment | added | Steve Melnikoff | Re repaint/carpets: absolutely; I just wanted to make the point that here, landlords can determine when to do this. | |
| Oct 23, 2018 at 9:13 | comment | added | J. Chris Compton | Even if there aren't rules in the UK governing when you must repaint and carpet/refinish/etc. you still have normal wear and tear that you must account for in the proposed 20 years. Perhaps taking depreciation will overcome that, but I wouldn't think so because you also have to overcome the income tax which I assume is applicable (UK though so I don't know). | |
| Oct 23, 2018 at 8:15 | comment | added | Steve Melnikoff | The question is now tagged as UK so: (1) there's no legal obligation to repaint or re-carpet every x years. (2) I'm not aware of any special rules for military personnel. Other than that, it sounds like the UK and US aren't so different... | |
| Oct 22, 2018 at 21:33 | history | edited | J. Chris Compton | CC BY-SA 4.0 |
added what OP could provide to help the answer
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| Oct 22, 2018 at 21:24 | history | answered | J. Chris Compton | CC BY-SA 4.0 |