Posts Tagged ‘House’

My aunt is in a nursing home, my mom (her sister) moved into her house. Can my mother live there rent free?

Question by Sher T: My aunt is in a nursing home, my mom (her sister) moved into her house. Can my mother live there rent free?
I hold Power of Attorney for my aunt. My siblings are certain that my mom can live there rent free or I could just have her pay 1 penny. I heard that it has to continue to provide some revenue for my aunt. At least at fair market value. Who is right? thank you for any help you can provide.

Best answer:

Answer by duje
Ask a lawyer / solicitor to be sure.

Add your own answer in the comments!

How do tax deductions work when you rent out your primary house?

I’m going to rent out my primary (and only) house for few years, as I’m moving for work to a different state.
How do i deduct the mortgage interest paid and property tax? Do I deduct it from my income tax, as usual? Do I subtract it from the rent income to reduce (or almost eliminate) taxes on the rental income? or maybe both?!

Thanks.

The house I rent is being foreclosed on and will be auctioned soon. How long before they can make me move?

Basically the house I rent is being foreclosed on and will be sold at auction on August 11. Is there an amount of time that the new owners are legally required to allow me to move out after the house has been purchased? I literally just found out and am in no way prepared. I live in California.
Oh, my lease is month-to-month, by the way.

How should Rent / Rooms be split in a 3 bedroom house with 1 couple and 1 single?

If a Couple and a Single are moving into a 3 Bedroom, 2 Bathroom House, how should the Rent / Rooms be split?
Is it reasonable for the couple to pay 2/3 of the Rent and take 2/3 Bedrooms? If the couple gets 1 Bedroom, and the Single gets 1 Bedroom, should the Rent be split in Half?
Any help would be appreciated.

Can I legally rent out a house containing asbestos ceiling tiles?

I have a rental unit in Des Moines Iowa that has asbestos ceiling tiles and a pipe that is asbestos wrapped. Can I rent it out legally or do I need to have it removed? Do I need to inform prospective tenant of the asbestos?

How much rent would you pay for a 3brm/1bth house, about 1700sqft, in a good area? Where do you live?

How much rent do you pay? and what kind of house/apartment do you live in?

How to rent a house right away with less money depends on family income?

I want to rent a house Is there any website i can use to search for houses?
My income is not high so is there any program that help us?

How does rent to own work to purchase a house?

I’ve seen ads in papers that say “rent to own” to purchase a house. How does that work?
I live in Illinois if that helps anyone.

Do I owe tax if I rent out my house and then rent another place to live in?

I own a house in CA and am considering relocating to another state for a job. If I keep the CA house and rent it out, then pay rent for a place in the other state, will I be taxed on rental income? In effect my paying rent is an expense against the income from the rent I receive, no? Assume the rent I pay is equal to the rent I receive, and assume this is also equal to my mortgage + property taxes. Thanks.

How can rent increase? Does the number of people in a house increase rent?

I just want to know what factors increase rent. I know that rent does increase yearly, but what else factors in the increase of rent?

Hypothetically… if 6 people live in a 2bd/2ba apartment, does the rent increase significantly?
That was hypothetically speaking… the leaseholder of where I live wants to add more people to the apartment so I was just wondering if that would increase rent.

Thanks for the heads up too. Now I can bring up that it is illegal for that many people.

How Do I Get Out Of My Apartment Lease Early Because I Just Bought A House?

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What Is The Difference Between A Lease And Renting A House?

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