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I own a medical practice for which I rent space. The landlord happens to be the Dr. I bought the practice from. It's a basement level space with water damage. Most recently a pipe burst requiring plumbing repairs. Landlord says I bought the practice, so I should repair it despite the purchase agreement not listing plumbing, electrical and flooring specifically. My casualty insurance is only paying for damages, not repairs by the way.
A 3 BR 2 BR with 0 down. And low payments, in the 76108 Areas
I think I decided to rent instead of sell, is this a good idea? What do I have to do to get my house ready to rent?
Asked by Anonymous | Las Vegas, NV | 10-21-2022 | 1,484 Views | Renting | Updated 3 years ago

A second home earning rental income can be a good move, but first you must understand the tax and compliance rules.

Limit property risks and research liens, title, zoning and permits to ensure a successful purchase.

The average real estate commission is 5.84% of the home's sale price, split between a 3.01% listing agent commission and a 2.84% buyer's age… read more
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