Asked by Caphgh, Euclid, OH • Sat Oct 30, 2010
We currently have our house listed for sale in Euclid, but already realize that selling is probably not going to happen at the price we need it to. We are concerned about the tax issues that might hit us if we do rent out our home, and not live in Euclid. Do we need to notify the city if we rent our house out, and how will this effect our personal income tax, and property taxes?
I see so many houses for sale, but how is the rental market in Euclid? Could we easily rent an updated 3 bed 1.5 bath CA house for $800/mo or possibly more? We are down the street from Upson Elementary.
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