Should You Rent Out Your Home or Sell It
On SmartMoney.com, June 10, 2003, Benjamin Tobias was quoted in the article Should You Rent Out Your Home or Sell It? by Aleksandra Todorova. Ben said, “The rule of thumb is, if you have a large gain on your personal residence, you don’t want to rent it out. You never want to take a house that you’re not going to have to pay tax on and convert it into rental property and pay tax on the gain. That’s insane. It’s like taking money and throwing it in the garbage can.”