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Do I need to claim rental income when a family member moves into my house and pays me “rent”?

Question by mtn_frog: Do I need to claim rental income when a family member moves into my house and pays me “rent”?
My son and his family moved into my house with me when he lost his house in foreclosure. We refinished the basement and I moved in there. He has been paying $ 1400/month to me to help with household expenses, repairs, and property taxes. I am not really “renting” for profit. He and his family would not have anywhere to live and I would not be able to keep the house without his help. I am retired and have small income (about $ 20,000/yr) from a part time job. Thank you.

Best answer:

Answer by Heidi M
You’re probably supposed to, but I don’t think it’s a big deal not to. When it’s family moving in, there are no binding contracts, etc… you’re helping out a family member. I think doing it ‘under the table’ is fine. Like you said, your home is not an investment property used as a rental, you just have family living with you helping with your expenses. Good luck!

What do you think? Answer below!

Is it legal for a property management company to post a “for Rent” sign at a property they will not rent out?

Question by Jeff B: Is it legal for a property management company to post a “for Rent” sign at a property they will not rent out?

Best answer:

Answer by Janet P
Is it vacent or soon to be vacent? Yes, it would be legal.

If it is rented and staying that way the city most likely would call it advertizing and most likely not allow it in a residential area.

What do you think? Answer below!

BucksCountyRentals: Properties for Rent in Bucks County PA

www.buckscountyrentals.net – BucksCountyRentals, Bucks County Rentals. This two bedroom condo in Old Historic Cigar Mill has tons of character and was completely remodeled in 2010. Italian ceramic tile flooring, new appliances, new carpeting, upgraded bathroom and so much more. Call today to learn more about this wonderful rental property in Upper Bucks County PA. Minutes from Rt 309, PA turnpike, close to Doylestown, PA. – BucksCountyRentals.net – 215.703.7653
Video Rating: 5 / 5

www.wadyproperties.com OPPORTUNITY JUST REDUCED!!Club Atlantis for Sale. Located in Puerto Colón area Costa Adeje, south of Tenerife, in Canary Islands. Wady Properties Offers For Sale in Club Atlantis Complex Bungalow , 2 bedroom, American kitchen, 1 bathroom, balcony , fully furnished and Community Pool . This is the ideal location for a rental investment. The Club Atlantis Complex are centrally located in Puerto Colon, only 10 metres from the beach, 20 minutes by car from Tenerife South Airport, 15 minutes walking distance from the new commercial centre Gran Sur, with supermarket, shops, bars, restaurants and cinemas. In fornt of the greatest water park in the world, Siam park.
Video Rating: 0 / 5

Free Rent in Bad Neighborhood vs. Moving to somewhere safer and Paying Rent?

Question by Alana: Free Rent in Bad Neighborhood vs. Moving to somewhere safer and Paying Rent?
I recenlty inherited the home where I have been living all my life and taking care of an elderly relative, I don’t have to pay rent, but I do have to pay all the other expenses: insurance, water, sewer, trash, etc. Problem is, the neighborhood is run-down, and has gotten bad,. In fact there was a huge fight of about 15 people a few doors down TODAY. Also, someone got shot as a result of a huge brawl , down the street just a few months ago. Cars race through here on a regular basis, radios thumping and blaring. I am absolutely sick of it and am ready to move. I can get small apartment for about 1-200.00 month more than I am already paying in monthly expenses
( insurance, water, sewer, etc). A couple of my friends think I should stay cause I have ” free rent” and property ownership, but, I value my safety, and I don’t feel safe in this neighborhood at all, and am longing for a quiet area without all the radios thumping and gunfire. . What’s your opinion? Thanks!
After today’s brawl and all this noise, I am more than ready to get away from here. I am considering calling one of those home investor companies to make me an offer, even at a possible loss. It’s nice having the extra savings, though, but my safety is important to me also. Thanks!
PS Sorry I posted this twice, the first I made a mistake and was on a different Yahoo Answers. Dont know if it made a difference or not. Sorry for an incovenience.

Best answer:

Answer by Melissa M
Can you sell the place that you inherited and use the money as a down payment for a place in a better neighborhood? That way, you’re in a better neighborhood, but you’re not throwing away your money for rent. Just because you inherited the place, doesn’t mean you have to hang onto it for sentimental value.

Know better? Leave your own answer in the comments!

Bathroom – Apartment to rent in Barcelona – Spain

Some cool properties for rent images:

Bathroom – Apartment to rent in Barcelona – Spain

Image by lucasfoxbcn
Apartment to rent in Barcelona – Spain

Corridor – Apartment to rent in Barcelona – Spain

Image by lucasfoxbcn
Apartment to rent in Barcelona – Spain

How to set up the Properties for Rent Module

This tutorial gives you a brief explanation on how to set up the Properties for Rent Module using the App Designer. It also includes the benefits of this app element and shows you how it actually looks on the iPhone.