The 101 on earning rental income from a single-family home Do you own a house youâd like to rent out rather than sell? Itâs a common scenario in todayâs market, especially if youâve inherited a house, are moving to another home, or are buying an investment property. And the logical next step might be for you to become a first-time landlord. Follow the advice in this book to ease into your new role and earn substantial profits while avoiding costly mistakes. Learn your legal obligations. Estimate costs and profits. Choose good tenants and avoid problem ones. Make the most of valuable tax deductions. Handle repairs and property management tasks. The 7th edition is updated to cover the latest IRS limits regarding landlord tax deductions.
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