Posts filed under: Ownership
The Biden administration is proposing an increase to long-term capital gains tax. Tax basis and capital gains for investment properties are commonly misunderstood. Before you consider selling an investment property, it’s important to understand how gain is calculated. Here’s a...
The Biden administration has proposed some changes to tax law that, if passed, will apply to the entire 2021 tax year. Some of the provisions will have great impact on multi-family owners. Below is a brief summary of 2021 tax...
One of the first decisions that you must make as a landlord is whether to offer/require a lease or tenancy at will. There are pros and cons to each, so it’s important to understand them and how they may impact...
Rental laws in Massachusetts are pretty strict and tend to favor tenants. If you are purchasing your first rental property, it’s important to know what you should and should not do. As a start, here are some of the most...
Your time is precious. Whether you own and manage several multi-families properties or have just purchased your first one, efficiency is key to profitability and return on investment. Long gone are the days of placing an ad in the newspaper,...
There are two different ways to report rental income on your federal tax return. Each has a different impact on your taxable income and taxes owed, so it’s important to have a basic understanding of the two options. Below is...
Are you using accurate operating expenses when evaluating investment properties and projecting returns? Here are the common operating expenses for multi-family properties and tips on how to accurately budget for them. Taxes & Insurance Taxes and insurance are an obvious...
Security deposit laws are very specific and strict in Massachusetts. Mistakes by landlords are surprisingly common and can be very costly. If you own a multi-family, here are security deposit mistakes to avoid in Massachusetts. 1 – Depositing Funds Into...
During the COVID crisis, Governor Charlie Baker imposed a moratorium on rental evictions. But in so doing, the Governor also established the Residential Assistance for Families in Transition program, a $5 million fund to assist family facing extreme financial conditions...
Millennials are among the largest group of prospective tenants in today’s market, making up roughly 25% of the US population. Unlike generations before them, millennials are entering the workforce with much more uncertainty in the job market and higher student...
