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Updated about 8 years ago,
Question about renting granny units.
1. Why is it bad to accept cash? You can give them a recipe right? Besides having cash on you and getting robbed.
2. Why do some cities require rental property inspection? Is this requires? How do they even know if you are renting it out? What happens if you don't do this?
3. Do you need a business license? To rent out?
4. Example, I am house hacking a sfr, i rent out two rooms. Do i need a rental inspection? Pro and cons?
5. How do i get my rental income to show on the property for appraisal? Is it by what i declare in my tax return?
6. If i buy a house and has a unpermitted granny unit. Can i rent it out? Can i use the income for the property for appraisals if i pay taxes? Pro cons?
7. The eviction process only works if you you have a rental agreement and how does it end up on the tenant record? Court order?