Rental property owners can typically deduct property taxes, insurance, interest, condo fees, repairs, utilities and other related costs. A rental property can even run at a loss allowing the taxpayer to claim deductions against their other sources of income.
UPDATED: West Kootenay realtor Greg Gritchin found dead
Update (June 16, 2023 @ 10 am):
Trail RCMP officials have confirmed that 55-year-old Gregory Dean Gritchin was found dead.
Details are limited at this time, this story will be updated once the police share more information.
Original Story (June
Interest Rates Rise in the UK
Given that mortgage rates are set to rise because of the rising interest rates, many buy-to-let investors will be having to pay more on their mortgages as lenders raise their rates to meet the Bank of England’s base rate.
It’s
Ocean Hill Apartment With Mantels Asks $2,250 a Month
Appearing well kept and full of original details, this four-room apartment has high ceilings, wood floors, and two mantels. It’s on the parlor floor of a three-story, three-unit brick house at 515 Chauncey Street in Ocean Hill.
It’s part of
Realtor.com Reports Weekly Active Inventory Up 10% YoY; New Listings Down 22% YoY
by Calculated Risk on 6/15/2023 02:16:00 PM
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from economist Jiayi Xu: Weekly Housing Trends View — Data Week Ending June 10th, 2023
• Active
Hamilton’s short-term rental bylaw halted so city staff could focus on plans to stop renovations
The City of Hamilton has hit pause on enforcing its short-term rental tires.
The new bylaw was supposed to go into effect Thursday, which would’ve made it illegal for property owners to rent out homes for less than 28 consecutive
The Simple Secret to Buying the Perfectly Imperfect House in Today’s Insane Market
How many “first dates” have you been on with homes you hoped to buy that ended up falling flat? The photos online looked good. On paper, the property had everything you need. But in person, you realize: No way. And
Bed Stuy Brownstone With Woodwork Asks $3.1 Million
Lush with 1890s detail like elaborate wood mantels, a grand staircase, and a passthrough with marble sinks and built-ins, this Bed Stuy townhouse is back on the market after a 2020 sale. At 164 MacDonough Street, the house was previously
Alabama Softball lands LSU transfers pitcher Alea Johnson
The Alabama softball program landed a commitment LSU transfer pitcher Alea Johnson.
Johnson spent one season in Baton Rouge. The native of Fairhope, Alabama was solid in the circle. Johnson finished the season with a 7-1 record and a 1.41
US Rent Growth Slows, Providing Relief for Millions of Renters
Apartment rental price growth is experiencing a significant decline, leading to a shift in the rental market in favor of tenants.
The average of six national rental-price measures, which includes data from rental-listing and property data companies, indicates that new-lease