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Real Estate Tips
Investment Real Estate >Renting Your Home

Homeowners who don't need the equity from their home to purchase a new home may consider renting it instead of selling. Rental property is almost always a good investment, but you should understand the consequences of becoming a landlord.

Tenants may not share your pride of ownership and, therefore, may not maintain the property like you would. If you plan to rent your property, acquaint yourself with state or local landlord/tenant laws, including those dealing with rent control and eviction procedures. If the home you rent has been your primary residence, you could lose the benefits of a capital gains deferral when you sell it later. Get professional advice from a tax expert and a professional real estate agent before you decide to turn your home into rental property.

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Real Estate Trivia
Q 
What is considered one of the key elements of the American dream?

A 
Home ownership is considered to a key to the American dream; more than 2 million first-time buyers bought property last year.
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The Allied Group, REALTOR®, real estate agent and broker for Calabasas, Encino, Malibu and Westlake Village, California home listings, property and land for sale - NUMBER1EXPERT(tm)

Seth Hicks
The Allied Group

16000 Ventura Blvd., Penthouse Suite #1205
Encino, CA 91436
818- 907- 1266
Fax: 818-474-7478
seth@aere.biz

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