The PropertyClub Blog
Depreciation Recapture Rental Property Guide
Rental property owners can deduct depreciation from their taxes, which allows them to account for the natural loss in value of the home over time. This deduction helps reduce taxable income and can result in significant tax savings. However, there's a catch: when you sell the property, the IRS may require you to repay some of those tax savings through a process called depreciation recapture.
12 Safest Cities in Arizona
Whether it’s the nearly year-round sunshine, mild winters, open space, and affordable cities, it’s no secret why people are flocking to Arizona. These twelve cities are ranked the safest places to live in Arizona thanks to their very low crime rates per capita.
Safest Countries in the World
Ever wondered where the safest places in the world are? Well, wonder no more! This report will explore the fifteen safest countries in the world based on their violent crime index.
What Is Phrogging and Is It a Crime?
Have you ever noticed things going missing from your fridge, heard unexplained noises at night or felt a chill run down your spine that just can't be explained? These could be signs of a terrifying situation – someone secretly living in your home! This unsettling phenomenon is known as phrogging, and it's more common than you might think.
Live in NJ, Work in NY Taxes
Those who live in NJ but work in NYC are exempt from NYC income tax. However, you must file a New York non-resident return (IT-203) and a New Jersey resident income return (NJ-1040). Read along to find out more about which taxes to file to where to file them.
NYC Income Tax Guide
New York City is one of the few places in the United States where residents have to pay a local income tax in addition to state income taxes. The NYC income tax rate ranges from 3.078% to 3.876% based on your income. This tax applies to everyone living in the city and is paid annually along with your New York State taxes. The combined state and city income tax rates can go from 7.078% to 14.776%, making it one of the highest tax burdens in the country for top earners.
Rental History Report: What Is it & How to Check it for Free
A rental history report is a detailed record of your past rentals, including information about landlords, payment history, and any issues like evictions or property damage. Landlords use these reports to decide if you'll be a good tenant.
How To Find Out If Someone Died In Your House
There are several ways to find out if someone died in your house, both free and paid. This article explains how you can uncover the history of your home, whether you're looking for a quick answer or willing to do a bit of digging.
Credit Reference Rental Application Guide
If you've come across a rental application asking for a credit reference, you might wonder what that means. A credit reference is a document or letter from an individual or business that has extended credit to you or loaned you money. It’s similar to other reference letters and speaks to your creditworthiness. A credit reference is not a credit check, contrary to popular belief.
Rent to Own Homes With Bad Credit
Even if you have bad credit, homeownership is still attainable. Rent-to-own programs are a great way to work toward your financial goals while living in the home you intend to purchase, and options are available for those with bad credit. Here are a few programs you should consider.
What Is a Month-to-Month Lease Agreement?
A month-to-month rental agreement, also known as a monthly lease agreement, is a type of residential lease agreement that continues for 30 days at a time. The tenancy is legally-binding and enforceable. Generally, the terms continue until either party terminates the agreement, either according to the terms of a written (or oral) lease agreement or under the applicable state law.
How to Get An Apartment Without a Job
To get an apartment without a job you need to convince the landlord that you can afford to pay the rent. There are many ways to do this, including sharing financial documents that show you are financially stable or having a friend or family member co-sign the lease. This article explains eight practical ways to do just that.