If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one- and two-bedroom residences were $1,487 and $1,847, respectively, according to the latest Zumper National Rent Report.
Continue Reading: The pros and cons of turning your home into a rental
Many Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains or in a resort area, you may want to rent it out for part of the year.
Continue Reading: The tax implications of renting out a vacation home
If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences.
Continue Reading: Renting to a relative? Watch out for tax traps
In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing this, you’re probably aware of the financial risks and rewards. However, you also should know that renting out your home carries potential tax benefits and pitfalls.
Continue Reading: Thinking about converting your home into a rental property?