The Notice of Default: Whether it’s on the way, or you’ve already received one, it’s time to take steps to prevent bad credit from foreclosure. Going into default will affect your credit; however, there are strategies to minimize the severe impact on your credit score. Knowledgeable specialists can assist with finding the best path, letting […]
If you sold your property within the last 180 days, you can reinvest that capital gain and defer and reduce the tax you’ll have to pay at filing time. If the income results from the sale of assets in a partnership filing K-1, the 180 days runs from the end of the calendar year. In […]
One of the biggest challenges in owning a home or rental property is the need to pay for repairs. Depending on the condition of your property, the cost may be minor, or if maintenance is long overdue, your costs could be in the thousands to repair and renovate the property. In this article, we’ll give […]
The security deposit is a common source of contention between landlords and tenants. It is also one of the most heavily regulated aspects of tenant law in Massachusetts. Security deposits constitute an added safety layer in a very tenant-friendly state. If you are planning on holding a security deposit, here are some things you should […]
Sooner or later in any landlord’s life comes the dreaded task of evicting a bad tenant. As Massachusetts is known notoriously as a tenant-friendly state, removing a troublesome occupant is even more complicated for the owner. In the best-case scenario, it can be a lengthy and expensive process during which the landlord must be prepared […]
Buying or selling a house is an expensive procedure during which time is of the essence. Some buyers and sellers skip the home inspection process to save time and money. However, doing so as a buyer or seller puts you at risk of spending more time to close and more money in the long run. […]
Most homeowners have grand projects in mind for their homes; from shiny new bathrooms to additional finished space, there are many ways to turn an average house into your dream one. However, when the time inevitably comes to sell, many are disappointed when they find out that the costly projects they completed added little to […]
Divorce and selling a house are both emotionally charged events. When both are combined, it can be overwhelming. For many couples, the marital home is their largest shared asset. Between the memories they created together and the financial and emotional burden the home constitutes, most people choose to sell the house so that they can […]
If you’re holding your rental property with the intention of making a profit, it’s valuable to consider green and sustainable design strategies to minimize your operating expenses, reduce capital expenses, and improve tenant demand. In most cases, sustainable design requires minimal additional expense and stands to reduce your costs and risks in rental property ownership. […]
Current and future taxes affect a real property’s return on investment. For residential real estate investors, capital gains taxes vary by situation. Why a property was acquired and how it was occupied will determine whether an investor will owe capital gains tax upon resale. What Are Capital Gains Taxes? Capital assets are generally defined as […]
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