Managing bad tenants

Posted by Satyam Patel // March 13, 2019

Being a landlord is not always going to be an easy task. Along with the good you will have to deal with the bad. One of those difficult things is what to do with bad tenants. This is something that you learn before things really get out of hand and it starts to affect your […]

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Tenant noise complaints

Posted by Satyam Patel // March 6, 2019

When owning a rental property there are a lot of things that can happen. Some things can be simple and others can be very difficult to deal with. One of those difficult situations you may encounter is a tenant who is complaining about noises. What do you do? This can be a frustrating process as […]

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Dealing with the loss of a loved person

Posted by Satyam Patel // February 27, 2019

Dealing with the loss of your loved ones can be a difficult. The one you have loved and cared for is suddenly gone. Even if it was expected, their passing can be quite a shock for some people and can leave one unable to focus, causing confusion. On top of dealing with these emotions, the […]

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Pricing an Inherited Home

Posted by Satyam Patel // February 20, 2019

How do you determine the value of an inherited home?  The answer can vary from person to person based on many different factors. How quickly do you want to sell this house?  What do you plan on doing with the money? Is there a mortgage associated with this house? Some inherited houses may still have […]

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Priority List: Clear Out the Inherited House

Posted by Satyam Patel // February 13, 2019

Having to clean out an inherited house can be a daunting task, especially when the family is dealing with the loss of a loved one and do not know what to do with that house. In addition to the situation, cleaning out someone else’s things is not easy. Regardless, it is important to consider clearing […]

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What comes along with an inherited house?

Posted by Satyam Patel // February 6, 2019

When one inherits a house it can be a challenging decision, especially because you have lost a loved one. One must figure out what to do with this house. What is the next step?  This might not always be as simple as selling and moving on.  There may be things to deal with first before […]

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What is a 1031 exchange?

Posted by Satyam Patel // January 30, 2019

One of the joys of selling a rental property is to make a profit. Finally, you get to reap the benefits of all the hard work that went into keeping and managing the property. However, one cannot forget about the taxman. Depending on which state you live in, there will most likely be a tax […]

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Dealing with Capital Gains Tax

Posted by Satyam Patel // January 23, 2019

Selling your rental property can be exciting, especially if there is a profit involved.  Finally, your hard work has paid off and you have made income off of your rental property. However, remember to take into account the tax consequences in selling your investment.  Specifically, you might have to deal with a capital gains tax […]

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Taxes on an inherited home

Posted by Satyam Patel // December 26, 2018

Taxes on an inherited home When selling a house, one can expect to experience some sort of a tax consequence.  The type of tax consequence will depend on the state you live in and the laws associated to selling property. Taxes could result due to the sale of the home, or on the inheritance of […]

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IRS Reporting of the Sale of an Inherited House

Posted by Satyam Patel // December 19, 2018

Are you considering selling your rental property? What do you need to know about reporting the sale? What do you need to consider in terms of the IRS? First off, you have to report the transaction to the IRS. This is very important to do correctly as the last thing you want is to have […]

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