Negotiating rent is as simple as asking the property manager if they’re open to negotiating a lower monthly sum. If they say they are, you can write a rent reduction letter using the above ...

I’m a single, working mother who worked very hard to pull my family out of poverty. Every extra dollar in income that I earn goes straight to these constant and unrelenting rent increases. Every ...

Also, the rental income generally isn’t subject to self-employment tax. If you qualify, you’d take the QBI write-off on Form 1040 , line 13 and attach Form 8995 or 8995-A. This first appeared ...

That rule states that renters should not spend more than 30% of their gross monthly income on rent. So, if you gross $6,000 per month, you should spend no more than $1,800 per month on rent.