Income Taxes

March 18, 2017

Sell it or Rent it? Just don’t let your head explode thinking about it….

The phone call or email or text exchange always happens this time of year.  It’s more predictable than what happens if you eat that Free gas station sushi and your digestive system. It always starts out with the landlord-angry-frustrated-pissed off-incredulous-beside themselves after they have sat down with their accountant or CPA and gotten the news about how much in taxes they have to pay on their total income for the past year.  They’re heads are about to explode like a Super Nova. Finally the question gets asked to me,”Should I keep renting this house or sell it?” It’s at this point that the serious, logical dialogue starts and it usually covers the full gamut of financial calculations, emotional reasons for each action plan, and finally a projection of the results for each. Ultimately, each landlord has to make that decision themselves.  But assembling the critical data to make an informed […]