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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 famous hotel did John Wayne, Lee Marvin & Elvis Presley stay at while filming on Kauai?

A 
The Coco Palms
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Kay and Richard Schillo, REALTOR®, real estate agent and broker for Clarksville, Fort Campbell and Sango, Tennessee home listings, property and land for sale - NUMBER1EXPERT

Kay and Richard Schillo
Crye-Leike Realtors

2512 Wilma Rudolph Blvd.
Clarksville, TN 37040
931-320-3044
Fax: 931-221-0873
kayschillo@NUMBER1EXPERT.com


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