Posts Tagged ‘Property’

How hard is it to refinance your home as a rental property?

Our current mortgage needs to be refinanced no topic what we choose to do, but we are taking into account using the home we live in as a leasing and buying another house to live in. Our mortgage now requires that we live in the home. How hard is it to refinance as a leasing property? Our credit is excellent. Has anyone out there done this?

Is buying a rental property in an area with other homes for sale a good idea?

The leasing property I am looking at is in a nice area, but there are at least three other properties in the same area for sale. Is this a excellent thought or look in an area with less income?

Can I deduct Rental Property Expenses in my personal return if the property I own is Commercial?

I own a commercial office suite, which I rent.
Are expenses such as Mortgage appeal, Taxes, Insurance, Repairs, deductable in my personal return, as they would be in the case of a Residential Leasing Property?

I can’t find reference to decuting expenses for a COMMERCIAL leasing property in personal income, anywhere in the IRS website.

Does a Rental property have to have a heater?

I just looked at a leasing property that does not have a heater!! Apparenty by law the Landlord does not have to provide a heater. Is this right?

What is a good way to determine the value of a rental property you would like to buy?

I am interested in investing in some leasing property and I want to know what a excellent method is to determine how much I should pay for a leasing property based on rent recieved.

For occasion one duplex I have looked at has collected an mean of 11,500 a year over the last 5 years. But, it is for sale for 275,000. That seems like a high asking price based on the amount of money it is generating.

(I know the amount of money a leasing property is generating is not the only factor, but I reckon it should be an simple way to narrow down my options.)

Thanks!!

How soon can you ask a tenant to move once a rental property has been sold in california?

How soon can you question a tenant to go once a leasing property has been sold in california?
How soon (legally) can you question a tenant to go once a leasing property has been sold in california?

Is it possible to acquire rental property without much of your own money?

Hi,
I don’t have a lot of cash in the bank, but I have excellent credit. Is it possible to buy leasing property such as apartment buildings, duplexs, ect? If so, how?

What do you do with rental property if you’re getting a divorce?

Market is too tough to sell it right now. There is a 1-year lease covenant on it. What’s the best way to handle this? May possibly a property manager be hired to collect rent and disburse it to both parties (50/50 split)? Would a prop mgr also be able to pay the mortgage from the leasing income collected? Is this ever done? Thank you!

How does a rental property manager get paid? Are they responsible for any costs as far as repairs?

If a leasing property manager is just a manager under a different company name but everything involving the properties they manage is under the title-holder’s name, who is responsible for what costs? Can a title-holder charge for any tenants skipping out on their lease or a unit not being rented?

What are some energy saving tips for a rental property?

I am looking to start making my home a small more greener. As i live in a leasing property and can not make major changes to the home.So i am looking for energy saving tips.Just to start out with.