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Property Q&A in 23185 : Real Estate Advice

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  • Local Info4
  • Home Buying14
  • Home Selling6
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Activity 4
Mon Apr 3, 2017
Julijahovrenko asked:
Fri Oct 31, 2014
mstjones757 asked:
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This question was asked from this property: http://www.trulia.com/homes/Virginia/Williamsburg/sold/983571-904-Foley-Dr-Williamsburg-VA-23185
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Fri Feb 10, 2012
Denise Fleischmann answered:
It has been completed in some areas. There is a connection fee that will be charged to each home. Since you already know about it - there will be no surprises.

Queens Lake is a great area. There are a lot of children who grew up in Queens Lake who later move back to raise their families there too!

I had 2 listings in Queens Lake last year. I am very familiar with the neighborhood. There is a beautiful lookout at the pool - it looks out over the creek and the marina. It is breathtaking. Make sure you check it out!

Please let me know if you would like to tour any homes.

Thanks,
Denise
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Fri Oct 23, 2009
Troy Deierling answered:
You really need to consider the whole picture. I'll assume you have equity in the house. If you rent out the house and later decide to sell it, you may have to pay capital gains tax on the profit. To avoid capital gains tax, you must live in the house for 2 out of the last 5 years.

As a rental, you will depreciate the property over a 28.5 year period. You can also deduct expenses that you couldn't as the homeowner. You can deduct the fees you pay for management of the property.

Do you have experience as a landlord? Hiring a full time property management company can help alleviate some of the stress (not all) of being a landlord.

Fees charged by a property management company will vary from company to company as will what they offer you in terms of management and finding tenants.

I would be happy to discuss our companies fees with you, just drop me a line or call.
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