Sometimes renting out your home is the best option if you’re stuck with a house during a slump in the housing market or if you just need to bring in some extra cash. Regardless of the reason for renting, the challenges will be the same across the board.
Fear not though, as this article will clue you in on what you need to keep in mind when renting your home.
Familiarize Yourself with Tax Requirements
Taxes are something you should consider the entirety of the year rather than just before. There are many tax write-offs you could earn as a landlord, no matter how reluctant you may have been about accepting that position.…Continue reading