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Can a homeowner hire a unlicensed person to do repairs on a rental property after a tenant vacates even if in the end the work totals more than 500?

You can hire whomever you want to effect your repairs. Bear in mind though that an unlicensed contractor is probably also an uninsured contractor and your home insurance company will not provide coverage for the contractors work.


Is it legal for a landlord to charge more per person for rent in a rental property?

Yes, it is legal for a landlord to charge more per person for rent in a rental property as long as the practice does not violate any fair housing laws or rental agreements.


How do you calculate the yield on a rental property?

To calculate the yield on a rental property, you divide the annual rental income by the property's value and multiply by 100 to get a percentage. This percentage represents the return on investment from the rental property.


What is the Depreciation of a replacement air conditioning unit on rental property?

If the rental property is residential rental property, depreciate over 27.5 years. If this is non-residential rental property, depreciate over 39 years.


Are you considering selling your rental property?

Yes, are you thinking about selling your rental property?


Can I sell my rental property to my LLC?

Yes, you can sell your rental property to your LLC.


Can you help me find a rental property?

Yes, I can assist you in finding a rental property.


What would I say my profession was if I owned apartment complexes?

landlordowner of rental propertylandlordowner of rental propertylandlordowner of rental propertylandlordowner of rental property


What is the title of a person that assists the owner of rental property?

Property manager, agent.Property manager, agent.Property manager, agent.Property manager, agent.


How do you calculate rental yield for a property?

To calculate rental yield for a property, you divide the annual rental income by the property's value and multiply by 100 to get a percentage. This helps you understand how much return you can expect from the property as an investment.


Where can one get rental property loans?

Many people are considering taking advantage of the current economy and get rental property loans. One can get rental property loans from one's local bank.


Can you get refinanced if the property is rental property?

It is possible to get refinanced for a rental property. The type of refinance would be called non-owner occupied real estate. Rates are often higher for rental property because they are not your primary residence.