Quick Property sale » rent property

How to rent my house?

admin — Sun, 04 Sep 2011 04:48:31 +0000

I would like to rent out my property. apart from all the estate agent stuff. is there anyone like an estate agent or someone that have any tips on how i can make my property rent out quicker.

Quick House Sale

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Does GST apply to sale of a rental property (previously a principal residence)?

admin — Sat, 26 Jun 2010 19:01:46 +0000

This rental property (a condominium unit) has been rented out for 5 years, but before that, it had been lived as a principal residence by my parents (now deceased) for about 10 years.

I realise that GST does not apply to the residential rent, or sale of used residental property, but GST may apply to portion to used residential property converted to business use (e.g., dental office).

My question is whether rental constitutes a business, that attacts GST? And, if GST applies, will there be exemption for years being owned as a principal residence? Thanks.

Sell and Rent Back

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If I buy a property at a Texas Tax sale auction and there is a right of redemption period of six months can I?

admin — Wed, 23 Jun 2010 08:25:24 +0000

rent that property out during the six months can you also give me some proof I can read to back this up

Repossession

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the home I rent is going in foreclosure. The sale date is in Aug, do I still pay rent?

admin — Wed, 23 Jun 2010 02:11:30 +0000

The person I am renting from is letting 15 units go into foreclosure. He did not give the courtesy to let us know they are going in to foreclosure. He is still asking for rent even though the property is going up for auction in aug. I need to find a place to stay, and I doubt that he will give us our deposit back. Should I continue to pay rent? It seems as if they are just trying to take our money and does not care if we are homeless or not. Some homes are being auctioned off on the 28th of July, and they are still demanding payment. Why are the tenants not protected against people like this, however the landlord has the right to do this to tenants?? The landlord denied everything, but we are being served with foreclosure papers and the trustee to sale. Does anyone have answers?

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Income tax on selling/renting a second property?

admin — Tue, 01 Jun 2010 13:00:36 +0000

I have inherited the whole of my father’s estate in the UK. There is no mortgage on his property. I too have no mortgage on my property. I am going to move into my father’s house, and either rent or sell my own. Will there be income tax to pay on the sale/rent of my property?

Rent Back

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Which specific law governs contract related to rent and or property sale?

admin — Mon, 31 May 2010 20:09:40 +0000

A person enters into a contract to purchase a property but title remains in the name of the seller for a year. Who gets to collect the rental from the property? Presupposing that the money for the sale is fully paid. What specific law applies to this situation?

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Should I rent my property?

admin — Sun, 23 May 2010 07:43:36 +0000

I just found out that I have to move to Alabama for another job in July. I just bought a house last November. I have absolutely no equity on my house. If I sale I will be outta pocket a lot of money. If I rent the house (compared to the classified adds close to my neighborhood) I would be out of pocket about 250.00 after rent is paid to the property manager. Will the tax writeoff help out any? Should I just sell the house and take the loss? Or would it be smarter to hold on the the property and take the loss every month for renting

Sell House Quick

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Any risk to rent REO property?

admin — Fri, 21 May 2010 11:53:52 +0000

A condo listed on Craigslist for rent is actually shown on MLS listing sites for sale. The agent renting the house did not saying anything. Is this a fraud? Will there be any risk renting a REO property? However the agent has a website and can have access to the condo. Any help will be appreciated.

Passive Income

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If you break a lease, can the landlord sue for future rent even though they are selling the property?

admin — Sat, 01 May 2010 21:59:18 +0000

Can a landlord sue for future rent, even though the time they are sueing for is after the sale of a property. For example, can you be sued for 24 months future rent for breaking lease, when the property is knowingly being sold 3 months after you break the lease?

Quick Property Sale

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Is it better to rent/lease or to purchase property bldg. for a restaurant?

admin — Sat, 01 May 2010 16:22:29 +0000

I am not sure whether it’s cheaper to build a restaurant that’ll suit my needs, or to rent/lease a bldg. instead. I’ve seen some properties for sale but it’ll be more work to customize it for my needs. Any suggestions?

Rent Back Fast

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