India Move - House in US for Rent

[ajay0245]

India ki move ayithe (and as we lose our H1 status), can we still rent our home in US?

[jefferson1]

Just now, ajay0245 said:

India ki move ayithe (and as we lose our H1 status), can we still rent our home in US?

yes, ivvochu

 

you need to pay tax on rent received.

have the tenant sign lease/rent documents

[ajay0245]

Just now, jefferson1 said:

yes, ivvochu

 

you need to pay tax on rent received.

have the tenant sign lease/rent documents

do we need to update our loan docs - as we don't have any status once we are move back to India?

entha vundochu taxes on rent (approx)

[LadiesTailor]

If you planning to move back to India, sell your house until unless you are a GC is USC.

[ajay0245]

4 minutes ago, LadiesTailor said:

If you planning to move back to India, sell your house until unless you are a GC is USC.

What is the reason bro?

[LadiesTailor]

Just now, ajay0245 said:

What is the reason bro?

House maintenance... though property management maintain chesina you have your fair share of responsibilities and tenant ki tenant ki madhyalo gap vaste you have to pay mortgage plus property management fee.. 

Finally if you are not local to the home it’s not worth to renting it out...

[ajay0245]

2 minutes ago, LadiesTailor said:

House maintenance... though property management maintain chesina you have your fair share of responsibilities and tenant ki tenant ki madhyalo gap vaste you have to pay mortgage plus property management fee.. 

Finally if you are not local to the home it’s not worth to renting it out...

I did not get this bro. We will not be local anyways once we move back. But, primary residence now.

[LadiesTailor]

8 minutes ago, ajay0245 said:

I did not get this bro. We will not be local anyways once we move back. But, primary residence now.

First thing Home in US is subject to market just like shares....never treat them like homes back in India...

how you planning to rent it out ? Property management ? Or do it by yourself ? 

[ajay0245]

7 minutes ago, LadiesTailor said:

First thing Home in US is subject to market just like shares....never treat them like homes back in India...

how you planning to rent it out ? Property management ? Or do it by yourself ? 

Mostly property management