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Updated almost 7 years ago on .

User Stats

52
Posts
1
Votes
Andrew Briones
  • American fork, UT
1
Votes |
52
Posts

Basement apartment rental

Andrew Briones
  • American fork, UT
Posted

Hello everyone,   With our kids getting older and starting to move out, I am going to be renting out our 3 bedroom walk out basement.  Its already set up for this just need some finishing touches, about  6k worth.  Back in the single days, I renting this little gem out to a family of 5 for a few years.   Since then it been a little neglected and need work.  Heres my question:  Id be putting in 6k to repairs and such,  would you treat is as a mother in law apartment, as if my mom or kids were down there or as a full rental and witch mean id be claiming rent and writing off the repairs every year?