Tallahasco, FL (AP) — Renting your home can be a tricky business.
But for some homeowners, that’s not a problem.
Here are some tips for those who want to make renting easier for themselves and their family.
You can rent your house out for one or more years, but if you need help with that, you might want to consider renting it out more.
Here’s what you need to know:The minimum rental period for a Florida home is two years.
Renters who rent out their home for more than two years can apply for rent assistance from the state.
You can apply in person at any local housing authority.
There are no fees for applying for rent-assistance.
You may also be eligible for help with utility bills, maintenance, taxes and other costs.
For example, a homeowner who rents out their Florida home for two years may be eligible to get a mortgage loan, a credit card, and other help.
You might also be able to get some help with a down payment, property taxes, or some other cost-sharing.
There are three different types of rent assistance programs in Florida: rental assistance, rent-a-home and rent assistance.
Rental assistance, also called rent stabilization, is paid to low-income homeowners who rent a home for a limited time and then receive a tax credit for that amount.
The amount depends on the type of assistance you receive.
It may be enough to pay for a downpayment on your new home.
Rent stabilization pays up to $200 a month for up to six months.
You have to apply for assistance if you’re renting for more then two years and the monthly rent exceeds $150 per month.
The monthly rent increases based on your income and your annual rent.
Renting is not allowed for more years than you qualify for.
You must pay rent each month.
You also can’t move out of your home and you must not rent from a person who has been convicted of a felony.RENT ASSISTANCE is available to homeowners with incomes at or below 80 percent of the federal poverty level.
You may qualify if you qualify as having a “living need.”
You can apply to rent assistance through the state’s Department of Community Development and Housing.
Rent assistance can be paid out of a home’s principal balance, the balance of which can be less than the amount of the rent you receive, or if you pay rent directly.
If you have a mortgage or credit card on file, you can apply and get the help you need.
For example, if you have $400 in monthly mortgage payments, you would qualify for assistance up to the maximum amount of $250 per month if you don’ t have any income below $200, and up to an additional $400 if you make more than $200 per month, and you have no other income.
You should not apply for or receive rent assistance if your income is below 80 per cent of the poverty level, which is the federal government’s cutoff for a family of four.
You would need to make more payments to qualify for rent stabilization.
For more information about how rent assistance works, see Florida Department of Housing and Community Development.