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Do you continue paying yourself rent after the mortgage is paid? And how is the rent "income" not offset by an equal rent expense?
by slumdev 7y ago
Do you continue paying yourself rent after the mortgage is paid?
And how is the rent "income" not offset by an equal rent expense?
- chii 7y ago> Do you continue paying yourself rent after the mortgage is paid? yes, in a sense. The fact that you're not getting paid a rent from somebody else doesn't mean there isn't value. You could think of it as opportunity cost - owning a property but not getting rent from it. > And how is the rent "income" not offset by an equal rent expense? it is exactly offset-ed if you lived in that property.