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renting out your property for the olympics?
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rshdunlop


Posts: 1,111
Joined: Jun 2008
Post: #1
11-04-2012 08:50 AM

It will probably only be worth it if you get a premium rent for the Olympics and your current mortgage payments (if any) are reasonably low. Remember that whatever you make is taxable, but you can usually deduct agent fees and some other costs.

We rented out our house for three years while living abroad and actually made a loss on it by the time we'd paid the mortgage.

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RE: renting out your property for the olympics? - rshdunlop - 11-04-2012 08:50 AM