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The pros and cons of turning your home into a rental

Leave a Comment / Real Estate, Rental Income, Rental Property /

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. In some parts of the country, rents are much higher or lower than the […]

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Thinking about converting your home into a rental property?

Depreciation Deduction (Section 179), Rental Expenses, Rental Property, Tax Deduction, Vacation Rental /

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. You’re generally treated as a

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