Avoid paying tax when selling rental property?

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With potential tax law changes, more restrictive rules on evictions,  and more tenant friendly legislation, some landlords are calling it quits. The low inventory and rising home prices doesn’t hurt either. So, if your landlording career is coming to an end – how do you sell your investment property and avoid paying more in taxes […]

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I Want No Animals in My Rental!

By in Being a landlord

Many homeowners have a strict no pets policy for their rental units. Reasons could be many, but some common considerations would include the potential for noise for neighbors, damage to the home, hard to remove odors, allergies, cultural or religious reasons and so on. There are no limits on restricting pets from your rental – […]

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Finding Great Tenants – The Online Ad

By in Being a landlord

Our online ads generate a lot of responses from prospective tenants. Great images and an enticing description will get you views. However, the downside to a successful online ad is that you also receive scam emails as well as unqualified prospects. A first time landlord often has trouble distinguishing a great tenant from a deadbeat […]

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Maximizing Leverage with Net Annual Constant

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When investing in residential real estate there are many things that make up the overall benefit of the investment. Cashflow, value appreciation, tax depreciation and tax deductibility are a few that comes to mind. Another important element is leverage. How much or your capital is tied up in the investment and what is your monthly […]

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Should I accept Housing Voucher/Section 8 Tenants?

By in Being a landlord

Housing Choice Voucher tenants (or “Section 8 Program tenants”) are common in many jurisdictions in Northern Virginia. A landlord usually first becomes aware of the program when a potential renter calls up asking “Do you accept housing vouchers or Section 8?”. The question used to be – should you? Now the question is also – […]

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Need to Find a Tenant? We can help!

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At Soldsense we are your leasing experts. Every year we find great tenants for our landlord clients. We handle the whole process, including: Advice on preparing your unit for rent Strategy and advice on tenant requirements, pet policies, security deposits, insurance and homeowner associations. Advertising of your property Pre-screening of tenants Arranging and doing showings + […]

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Why a stacked washer/dryer may be a bad idea

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A stacked front-load washer/dryer is a great space-saver – particularly in a small home or condominium.  The problem with a stacked unit does become apparent pretty soon when one of the units ultimately breaks down. Some repair companies will not work on stacked units or will charge extra to send two service people to your […]

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Overcrowding of Rentals in Virginia and Fairfax County

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There is a lot of confusion out there as to what is allowed and what is not allowed in regards to limiting occupancy. The conflict is generally between HUD (that typically deems reasonable occupancy to be 2 persons per bedroom) and local jurisdictions and building codes (that calculates reasonable occupancy based on square footage of the bedroom.) […]

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Fairfax County Real Estate Investors Beware of BPOL

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Homeowners and investors in Fairfax County are well aware that with home ownership comes the obligation to pay real estate taxes. However, what is not as well known is that those of us that rent out homes we own (investment properties) may also owe BPOL taxes. BPOL-what you say???? If you own a small business […]

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