Today, more than ever in recent memory, people have side businesses. Perhaps they drive for Uber, housesit, walk dogs, deliver groceries or have some other freelance gig. For others, it’s owning rental property, as changes in the economy have made owning rental property very attractive in recent years. Whatever your side business, it is important to understand how it can impact other aspects of your life, such as your child support obligation. Obviously, if your side business is profitable, that has the potential to raise your child support obligation. What about, however, a business that is losing, not earning, money? The law in Florida may be able to help you… if you know how to advance your case properly. For that, be sure you have the services of a skilled Fort Lauderdale child support attorney.
Such was the case for S.S. Before she got married, S.S. purchased a townhouse property. Fast forward several years and S.S. had gotten married, had a child and gotten divorced. At this point, S.S. still owned the townhouse but was using it as a rental property. Although she had a tenant in the townhouse, the mortgage payments and maintenance fees on the place were so high that, even with the rental income, S.S. was still losing money every month on the property.
That townhouse “in the red” became an issue when it came time to litigate S.S.’s divorce from A.M. In order to set child support in any case in Florida, the court needs to make determinations about the money that is available to support the child. That includes making a finding about the father’s gross income and the mother’s gross income.