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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="afcobra01" data-source="post: 13850309" data-attributes="member: 151447"><p>I have 2 houses now in different locations, Gulf Breeze florida and Kenosha wisconsin, that we rent out. We are military and are now in Virginia. The advice given here to use a Property Manager is good advice. They do all the leg work for you and it relieves a lot of the stress for you. Tax time is easy as they send you a report with all the years expenses ect... listed for reporting to Uncle Sam and the mortgage interest deduction saves you a lot of money. Make sure you get the insurance issues taken care of and the prices are cheaper since you do not reside there. We use USAA and they are a good company and have taken care of any insurance problems that we have encountered fairly. Hurricanes in Florida are not pretty. Hope it works for you.</p></blockquote><p></p>
[QUOTE="afcobra01, post: 13850309, member: 151447"] I have 2 houses now in different locations, Gulf Breeze florida and Kenosha wisconsin, that we rent out. We are military and are now in Virginia. The advice given here to use a Property Manager is good advice. They do all the leg work for you and it relieves a lot of the stress for you. Tax time is easy as they send you a report with all the years expenses ect... listed for reporting to Uncle Sam and the mortgage interest deduction saves you a lot of money. Make sure you get the insurance issues taken care of and the prices are cheaper since you do not reside there. We use USAA and they are a good company and have taken care of any insurance problems that we have encountered fairly. Hurricanes in Florida are not pretty. Hope it works for you. [/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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