Tag: rental income
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Is the Backyard Cottage Written Into the Deed, or Recorded Separately?
You might be familiar with guest houses or garden suites. You might have seen detached garages turned into cottages, or finished basements converted into rental space. Town managers call these extra living spaces ADUs: accessory dwelling units. A house deed typically does not point out an ADU on the property. But the additional living unit…
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Schedule E: What People Who Rent Out Properties Need to Know
Are you earning extra income from rentals — even a room in your home? Many people have the opportunity today to earn extra income from renting out space for others to live in. Whether you’re renting out just a room or an entire home, get ready to fill out Schedule E. (This IRS form’s title…
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Dreaming of Homeownership: Is a Duplex Worth Considering?
Got homeownership dreams? A duplex could be a way to break into today’s housing market. A duplex, of course, is a home property made up of two units. Typically, the two units share a wall but have separate entrances. So a duplex is essentially a house, divided into two homes. With home prices as high…
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Latest in House Hacking: The Influencer Edition
Back in 2020, it seemed to be everywhere. But we wondered just how persistent “house hacking” would be. Turns out the trend has stayed popular on real estate investment websites, in spite of (or maybe because of) a hard-to-crack housing market. House hacking is really just about buying and renting out real estate. Yet it…
