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Real Estate Tips
Investment Real Estate >Renting Your Home

Homeowners who don't need the equity from their home to purchase a new home may consider renting it instead of selling. Rental property is almost always a good investment, but you should understand the consequences of becoming a landlord.

Tenants may not share your pride of ownership and, therefore, may not maintain the property like you would. If you plan to rent your property, acquaint yourself with state or local landlord/tenant laws, including those dealing with rent control and eviction procedures. If the home you rent has been your primary residence, you could lose the benefits of a capital gains deferral when you sell it later. Get professional advice from a tax expert and a professional real estate agent before you decide to turn your home into rental property.

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Real Estate Trivia
Q 
What is the most unusual maintenance project done once each year in the United States?

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The Niagara Falls is shut down for maintenance every year in the fall by diverting the flow of water for 24 hours using a massive series of pipes constructed in 1837.
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Tom Heyl, REALTOR®, real estate agent and broker for Chatham, Harding and Summit, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Tom Heyl
Keller Williams Realty

488 Springfield Ave.
Summit, NJ 07901
Office: 908-273-2991 x 116
Mobile: 973-479-1898
Fax: 908-273-2996
TomHeyl@KW.com

Tom Heyl is a “native” of Chatham Twp. and has lived in Green Village or Chatham Twp. for his entire life. Tom graduated from Chatham Twp. high school in 1985 and then went on to graduate from Rutgers University’s Cook College with a degree in economics. Tom then spent the next several years working at his family’s business, Heyl Rose’s Inc., the last remaining commercial rose and cut flower grower in New Jersey. After the family decided to sell the farm in 1999, Tom went directly into real estate. Because of Tom’s long history in and keen knowledge of the area, his realty business immediately took off. Tom has a thorough understanding and knowledge of not only Chatham Twp. and Chatham Boro, but also the surrounding towns of Summit, Madison, Harding Twp., New Providence and Long Hill Twp’s as well as the Mendham’s, Bernardsville and Morristown areas. Tom is one of the original “members” of Keller Williams of Morris, Essex, Union and Somerset Counties, joining the company in 2004 when the Summit office first opened. Tom Heyl is a full time realtor who would be more than happy to speak with you concerning any of your realty needs.

Equal Housing MLS REALTOR


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