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SVTPerformance's Chain of Restaurants
Road Side Pub
HAVE to rent my house out... Advice? What am I getting in to?
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<blockquote data-quote="ford fanatic" data-source="post: 13849968" data-attributes="member: 47466"><p>We rent my wifes townhouse since we got married and moved into mine. She bought in 06 also and is about 20K in the negative, so selling is not an option for us either. </p><p></p><p>We used a realtor to rent ours, they charged one months rent. Tax liability will change, and will also depend if you profit off of the house during the year. </p><p></p><p>For insurance we just had the carrier change it to whatever it needed to be to cover a renter, the renter has insurance also. </p><p></p><p>Overall, it sucks, I can't wait to get rid of it.</p></blockquote><p></p>
[QUOTE="ford fanatic, post: 13849968, member: 47466"] We rent my wifes townhouse since we got married and moved into mine. She bought in 06 also and is about 20K in the negative, so selling is not an option for us either. We used a realtor to rent ours, they charged one months rent. Tax liability will change, and will also depend if you profit off of the house during the year. For insurance we just had the carrier change it to whatever it needed to be to cover a renter, the renter has insurance also. Overall, it sucks, I can't wait to get rid of it. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
HAVE to rent my house out... Advice? What am I getting in to?
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