Due to the recession, there has been a significant increase in the number of accidental landlords in the US – property owners who have turned properties that they wanted to sell into units that they must rent out. Many of these individuals will be including rental property income and expenses in their tax filing... »
Spring is around the corner and it is the season when real estate sales bloom. This spring could turn out to be one of the best seasons after many years of bad real estate season. Once in a life-time low mortgage rates, low prices and the tax credits from Uncle Sam may drive sales... »
In many metro areas, there is no new apartment residential rental development in the pipeline and no new development is planned until 2013. This is definitely going to put pressure on rents in those markets and will drive them up. So anybody investing in these markets could result in making some good money. The... »
The economic downturn has caused an unprecedented level of turmoil in the U.S. real estate market, and investors, owners, and lenders are facing enormous challenges. According to Real Capital Analytics, as of January 2010, more than $174 billion worth of U.S. real estate was in distress, and nearly 80 percent of this number – 136... »
Federal Housing Administration (FHA) Commissioner David Stevens today announced a set of policy changes to strengthen the FHA’s capital reserves, while enabling the agency to continue to fulfill its mission to provide access to homeownership for underserved communities. The changes announced today are the latest in a series of changes Stevens has enacted in... »
If you rent part of your property, you must divide certain expenses between the part of the property used for rental purposes and the part of the property used for personal purposes, as though you actually had two separate pieces of property. You can deduct the expenses related to the part of the property used... »
Supporting the 2010 Census: Download Toolkit for Reaching Tenants and Residents for Property Managers, Property Management Companies, Landlords and Home Owner Associations by CLICKING HERE (Very Large PDF 10MB) Below is the toolkit Dear 2010 Census Partner, Thank you for your partnership with the U.S. Census Bureau and support of the 2010 Census. The 2010 Census is quickly... »
If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012 due to short sale or foreclosure, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts the IRS wants you to know about Mortgage Debt Forgiveness due to... »
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