Monday, December 10, 2012

Where do a report unsafe conditions in a rented home?

Q. I rented a home in Georgia that has black mold, water bugs, and roaches that get into everything.

A. Contact your landlord by Certified mail of all problems in your rental. Also you may contact your local Health Department and City where you live and file a complaint with them. Definitely take pictures in case you need to sue because these kinds of problems can lead to serious illness. I wish you the best of luck!


I am renting a home and building a house. Can I write off my interest on the house I am building?
Q. I am getting ready to do my taxes (turbotax) and I'm not sure how to handle my interest I pay for my construction and land loan. I'm currently renting a home and paying interest on a 500K loan to build my house. Can I write that interest off? If yes, do I do it as if it's the home I live in? Only people that know for sure respond please.

A. Publication 936


Home under construction. You can treat a home under construction as a qualified home for a period of up to 24 months, but only if it becomes your qualified home at the time it is ready for occupancy.

The 24-month period can start any time on or after the day construction begins.


What to consider when renting through a property management company?
Q. I have always rented homes directly through the owner so I'm not sure what to expect when renting from a property manager. What is different? What are some good questions to ask when doing a home walk-through with the agent? What are the advantages and disadvantages to going though a property manager?

A. They are more knowledgable and the experience should be significantly more professional. However, they don't have an ownership interest in the property and can be more lax about repairs and maintenance.

Get a copy of the walkthrough and keep it.


Decor ideas for high ceiling in rented home?
Q. My fiance and I are renting a home with high, vaulted ceilings. It's not a charming old home--more like a shabby circa-70s Caifornia ranch with white walls and dated fixtures.

I'm from the Northeast, and I'm spoiled by historic homes that look chic no matter how you decorate thanks to the character of old-fashioned molding. But I'm a little lost as to how to make this one look quaint and artsy on a budget without painting or making major changes.

A. Placing wall art of mirrors a little higher than eye-level will take away from the height of the wall. Focus will appear on the items you have chosen for decoration.

Embrace the home ~ sounds lovely!

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