Rental property can be easier than owning a home, but it requires its own special set of circumstances. Whether you’re the renter or the landlord, look at the articles, columns, blog posts, radio shows and videos for more information about rental property.
How to Navigate New Rental Rules from your Condo Association
How do you navigate new rental rules from your condo association and is it possible to be grandfathered into the old rules? Q: We are buying a vacation condo which we plan to use in the winter months, but also hoped to rent it in other months. We just learned that the condo association has [...]
Is Now the Right Time to Sell Your Rental Property?
Is now the right time to sell your rental property? We may be in a seller’s market, but that doesn’t mean you’ll get the most bang for your rental property buck. Q: As always, you give us a lot of good real estate information in your columns. Here's a question regarding my rental home in [...]
Will a 1031 Exchange Help Avoid Capital Gains Tax on an Inherited Home
Will a 1031 Exchange help avoid capital gains tax on an inherited home. When you inherit a home and use it as a rental property, you could face major tax implications when it comes time to sell unless you use a 1031 exchange. Q: My mother who was very ill and on Social Security sold [...]
Should I Outsource To A Property Management Company?
With all the hard work that goes into being a landlord, it’s sometimes smarter to outsource that work to a property management company. Q: I am planning to buy a four-plex and I was planning on using an on-call handyman instead of property management which is typically expensive. Since this is my first project I [...]
How To Avoid Taxes When Selling A Rental Property With A 1031 Exchange
When you sell a rental property and want to avoid high capital gains taxes, a 1031 exchange could help you limit your tax liability. Q: We are going to sell a townhouse in a desirable area of town that we have owned for about 25 years. We rented it to tenants during that entire time [...]
What Makes A Rental Property ‘Long-Term?’
Is there a good way to define a rental unit as long-term or temporary? As this correspondent finds, there can be several different definitions. Q: This question may seem odd, it has been hard for me to research it and I hope you can help. I am trying to determine a realistic and reasonable definition [...]
Is It Better To Sell or Will Property to Your Family?
When transferring rental property to your child, is it better to sell it to them or leave it to them in a will? Both ways have their advantages and disadvantages. Q: First, I always enjoy reading your advice column in the Torrance CA Daily Breeze home guide magazine. Your article today, "Selling a rental property [...]
How to Avoid Paying Taxes When Selling a Rental Property to a Child
How can you avoid paying taxes when selling a rental property to a child? You could try an installment sale. Q: We have a rental property that we would like to sell to our son and his wife. The problem is that we have not lived in the house as our primary residence for the [...]
Buying Rental Property: Costs to Consider
If you have the financial means, buying rental property may sound like an easy way to make extra income: purchase a house, rent it out, and relax as the profits roll in each month. Unfortunately, many would-be investors go into the home rental process without preparing a budget or fully understanding all the costs involved. [...]
The Ilyce Glink Show On WSB Radio: October 26, 2014
Here are a few of the topics covered on this week’s radio show. Caller question: I’m moving to a new city for five years—should I buy a new house in cash or take out a mortgage? [3:22] Consider a 10-year mortgage. The interest rates are so low that you can borrow money cheaply, while keeping [...]