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21
Thinking about Renting Out Your Home?
Homeowners who want or need to move don't necessarily have to sell their house. It might make sense to rent it. Renting your home can sometimes lessen the financial burden, and you might be able to turn a small profit. If you're thinking about renting – Ruhl&Ruhl has the answers and we are here to help you with the process. By renting your home you can keep the property to sell later while covering mortgage, taxes and insurance with rental income. Consider the tax breaks you can get from renting out your home. You can deduct pretty much any out-of-pocket expenses related to owning and managing your property while the property is being rented. This could include deducting your mortgage and interest payments, insurance, property taxes, maintenance, repairs, cleaning services and even the cost of travel and local transportation expenses incurred in the maintenance and management of the property and the collection of rent. If you have a home you could consider renting, Ruhl&Ruhl Property Management Department is here to help you through the process. For further information, contact Lori Shafer, Property Manager at 563.441.5230 or LoriShafer@RuhlHomes.com. Lori can help you determine the feasibility of renting your home, the rent range you could charge and the services available through Ruhl&Ruhl Property Management Department.
