Comment on Houses in my area increases 82% in just 4 years
UxyIVrljPeRl@lemmy.world 1 month agoWhere I am it’s more profitable to let it sit empty and make a Tax write of than lowering the asking rent.
Comment on Houses in my area increases 82% in just 4 years
UxyIVrljPeRl@lemmy.world 1 month agoWhere I am it’s more profitable to let it sit empty and make a Tax write of than lowering the asking rent.
PriorityMotif@lemmy.world 1 month ago
Not exactly a good business strategy. You can deduct the taxes, insurance, management costs, but you have to amoratize depreciation of the building over 28 years. Not to mention that an empty house is going to start developing problems fairly quickly.