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/u/ICanToteIt91
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There’s a house in my town, a very large house and our housing prices are crazy (like all are). It’s been for posted for rent since August of last year with no rented periods. It started at $6500 and has flip flopped between as low as $4500 and now it’s at listed at $7500, which increased from last months rate of $5900. Is there some sort of write off or tax break you can take for a vacant rental property?
Edit - our towns STR rules state the property must be owner occupied 6 months out of the year. The person owns another house in town that is their primary residence. I do not believe they occupy the house they are renting out at all (but our town never enforces these rules) both houses are listed under their personal name on the county assessor website, not an LLC or their realty office (they are a realtor in town)
submitted by /u/ICanToteIt91
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Why would a home owner continue to increase rental price if it’s been on the market for rent for months?
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Edit - our towns STR rules state the property must be owner occupied 6 months out of the year. The person owns another house in town that is their primary residence. I do not believe they occupy the house they are renting out at all (but our town never enforces these rules) both houses are listed under their personal name on the county assessor website, not an LLC or their realty office (they are a realtor in town)
submitted by /u/ICanToteIt91
[link] [comments]
Why would a home owner continue to increase rental price if it’s been on the market for rent for months?
Continue reading...