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Rent Out Your Old Residence?
Joseph E Poff
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'Rent Out Your Old Residence' is another installment in the 'Financial Latte' series and is written by Joseph E Poff, CPA, a seasoned Certified Public Accountant (CPA) with lots of information and insights to share from his 30+ years of financial and business experience.
This book covers in about a half hour some of the key concepts to consider regarding the renting of your current residence when you buy a new home and compares it to the more traditional approach of selling your old home.
From Joe's experience, homeowners often assume they need to sell their old home when they buy a new one - and in some cases they are right - but, often they are missing a very good investment opportunity.
Joe explains some of the key issues in this decision. He also explores cases where individuals have already rented out their previous residence and perhaps didn't realize what they had started - nor how to really account for it and report it. He gives insight on this common situation.
In a nice, easy to understand format, Joe goes over some of the key points of renting out your old residence - looking at each part of the process from consideration, implementation to the ultimate future sale. Don't blindly make this decision - at least give it some consideration and perhaps enhance your future financial security.
Have a 'Financial Latte' with Joe and have him shed some light on various aspects of rentals and see if you would like to 'Rent Out Your Old Residence'.
Be sure and check out Joe's other books in the 'Financial Latte' series - with topics currently available covering 'Your House Purchase - the Process', 'I Want to Sell My Business', 'Easy Receipt Keeping' and 'Control Your Money - the First Steps'.
- Publication Date:
- Feb 05 2013
- 1481976249 / 9781481976244
- Page Count:
- Binding Type:
- US Trade Paper
- Trim Size:
- 6" x 9"
- Full Color
- Related Categories:
- Business & Economics / Real Estate / Buying & Selling Homes