Tax Rules and Strategies for Homeowners Becoming Landlords

ARTICLE | June 25, 2025

Many homeowners have recently contemplated turning their primary residences into rental properties, especially in areas where strong demand can translate into healthy rental income. While these conversions can offer attractive benefits like monthly cash flow and the possibility of future property appreciation, it is important to understand the related tax considerations. Doing so helps homeowners make a decision that aligns both with their financial aspirations and their tax obligations. This article explains key factors involved in converting a home into a rental property, focusing on tax basis rules, strategies for potential tax savings, and important landlord requirements.

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