◈ Homepage — http://www.posadarealty.com/Skip to Main Content Home Our Team Find Your Dream Home Apply Here Services Blog Contact Us Tenant Portal THE POSADA GROUP, INC. Silicon Valley's Leader in Property Management   Protecting Your Real Estate Investment, While Maximizing Your Profit Potential Free Property Evaluation 2020 2020 2021 2021 ​ With over 30 years of experience combined, The Posada Group, Inc. offers you a superior degree of customer service and Real Estate expertise. We specialize in full service management of single family residences, townhomes, and apartment complexes. It's our passion and organized approach that has earned us a quality reputation with colleagues, tenants, and clients from all over the Silicon Valley. Areas We Proudly Serve ​ Campbell, Cupertino, Los Altos, Los Gatos, Milpitas, Morgan Hill, Santa Clara, San Jose, Saratoga, Sunnyvale, Mountain View FOMO Drives Young Buyers Toward Ownership If You Inherit a House and Sell It, How Are the Profits Taxed? [email protected] w. (408) 261-9500 f. (408) 261-6999 2130 The Alameda San Jose, San Jose 95126 USA ​ ◈ Interior Pages — 11 pages crawled--> If You Inherit a House and Sell It, How Are the Profits Taxed? top of page Home Our Team Contact Find Your Dream Home Apply Here Services Premium Services For Owners For Tenants Blog Contact Us More Use tab to navigate through the menu items. Tenant Portal Recent Posts FOMO Drives Young Buyers Toward Ownership If You Inherit a House and Sell It, How Are the Profits Taxed? Study Proves Renters Can be Wealthier than Buyers (Really!) Archive April 2018 (1) 1 post January 2018 (1) 1 post December 2017 (1) 1 post November 2017 (1) 1 post October 2017 (1) 1 post September 2017 (1) 1 post August 2017 (1) 1 post Tags #fomo (1) 1 post #millennials (1) 1 post care (1) 1 post cleaning (1) 1 post contract (1) 1 post design (1) 1 post first time buyer (1) 1 post fomo (1) 1 post furnish (1) 1 post lease (1) 1 post maitnence (1) 1 post millennials (1) 1 post signing (1) 1 post If You Inherit a House and Sell It, How Are the Profits Taxed? Jan 26, 2018 2 min read If you sell your house and make a profit, you must pay capital gains tax—so does the same rule apply when you inherit a house from a deceased relative? The truth is that inheriting property can be taxing—both emotionally and financially. The amount you must pay when you sell an inherited property can indeed take a toll on your bottom line. But before we discuss the details, let's take a closer look at what capital gains tax actually is. Capital gains tax Typically when you sell a home for more than you paid for it, you have to pay capital gains tax. It can range from 0% to 20%, depending on your income. Your capital gain on your home sale is determined by subtracting the purchase price from the home's current value. And you could be eligible for an exclusion of up to $250,000 ($500,000 for a married couple) if you’ve lived in the property for at least two of the previous five years. How much tax do you have to pay when you sell an inherited home? However, if you inherit a home and sell it later, you will pay capital gains tax based on the value of the home on the date of the owner's death. "This is known as the 'stepped-up' basis for paying taxes on an inherited home," says Michele Lerner, author of "Homebuying: Tough Times, First Time, Any Time." For example, if you inherit your grandmother’s house and it was worth $200,000 when she died, and you sold it later for $210,000, you would subtract the stepped-up basis of the home ($200,000) from the sales price ($210,000) to determine the taxable gain ($10,000). Therefore, you would have to pay tax on the $10,000 gain. People who inherit property aren't eligible for any capital gains tax exclusions. But if you sell the home for less than the stepped-up basis, you can deduct the loss amount up to $3,000 per year. (Any more than that can be rolled over to next year to be deducted.) Will home improvements on an inherited home lower your tax bill? So what happens if you update the kitchen, redo a bath, or make other improvements to the property you inherited before you sell it? The good news is that you can use those improvements to reduce your tax bill and potentially increase your profit. “If you have an inherited house, it's likely outdated,” says John Powell, chief development officer for Help-U-Sell Real Estate. “If you have the time to remodel it, you will make a better return on your investment." If you do decide to make some updates, you can subtract that amount from any capital gains taxes you owe when selling the property. So keep track of those receipts! Source: https://www.realtor.com/advice/sell/profits-sale-inherited-home-taxable/ [email protected] w. (408) 261-9500 f. (408) 261-6999 2130 The Alameda San Jose, San Jose 95126 USA ​ bottom of page --> Apply Here | THE POSADA GROUP, INC top of page Home Our Team Contact Find Your Dream Home Apply Here Services Premium Services For Owners For Tenants Blog Contact Us More Use tab to navigate through the menu items. Tenant Portal HOW TO APPLY When you are in the market for your next rental, we at The Posada Group have a variety of residential and commercial properties that will fit your needs. As a prospective tenant, we can help you through the process of finding and applying for the perfect match! Rental Application Frequently Asked Questions IF I AM APPLYING WITH ROOMMATES, DO WE NEED TO FILL OUT SEPARATE APPLICATIONS?  A. Yes, each person over the age of 18 that plans to live in the dwelling, must submit a completed application as well as an application fee of $30 (this fee is per person). HOW LONG DO APPLICATIONS TAKE TO BE PROCESSED? A. Typically it takes 24 hours to fully process your application before sending your documents to the owner for final approval. We suggest reaching out to your references  ahead of time to help speed things along. I HAVE BEEN LIVING OVERSEAS AND DO NOT HAVE A CREDIT REPORT. WHAT SHOULD I DO? A. We ask that you submit a copy of the previous years tax return in the event you do not have a credit report to provide. WHEN I GET ACCEPTED, HOW LONG DO I HAVE TO SIGN THE LEASE? A. When you've been accepted, we'll email you right away with a copy of the lease and various addenda for you to review. We will ask you to sign and return all the lease documents in 24 hours. [email protected] w. (408) 261-9500 f. (408) 261-6999 2130 The Alameda San Jose, San Jose 95126 USA ​ bottom of page --> Contact | THE POSADA GROUP, INC top of page Home Our Team Contact Find Your Dream Home Apply Here Services Premium Services For Owners For Tenants Blog Contact Us More Use tab to navigate through the menu items. Tenant Portal GET IN TOUCH Contact Us Below For A Free Property Evaluation! Your details were sent successfully! Send Contact: Contact [email protected] w. (408) 261-9500 f. (408) 261-6999 2130 The Alameda San Jose, San Jose 95126 USA ​ bottom of page --> Services | THE POSADA GROUP, INC top of page Home Our Team Contact Find Your Dream Home Apply Here Services Premium Services For Owners For Tenants Blog Contact Us More Use tab to navigate through the menu items. Tenant Portal PREMIUM SERVICES We know your home is your most valuable asset- as we're homeowners too!  It’s critical to manage, care for and oversee this investment during all phases of its occupancy. When faced with today’s challenges of tenant rights and landlord responsibilities, property management provides a layer of security that alleviates the property owner from the burdens of daily responsibilities.  A licensed and educated property manager provides you with in-depth knowledge of the neighborhood as well as a skilled selection and screening of tenants. Free Property Evaluation LEASING PACKAGE We Don't Just List Any Property, We Display A Dream Home. Tenant Placement Service includes the following: ​ • Multi channel advertising, showings • 360 tenant screening (Credit, Background, Income, Employment & Eviction Checks)  • Lease preparation and complete Move In Inspection Get Started FULL SERVICE MANAGEMENT Our Most Popular Program- Detailed- Just How We Like It!  Full Service Property Management includes the Tenant Placement Service and the following: ​ • Tenant Placement Services -Minimal Vacancy -360 Tenant Screening (Credit, Background, Income, Employment & Eviction Checks)  -Complete Move In & Move Out Inspections ​ • Rent Collection • Monthly statements • Maintenance management • 24/7 emergency response • Posting of legal notices • Oversee evictions ​ Get Started [email protected] w. (408) 261-9500 f. (408) 261-6999 2130 The Alameda San Jose, San Jose 95126 USA ​ bottom of page --> Premium Services | THE POSADA GROUP, INC top of page Home Our Team Contact Find Your Dream Home Apply Here Services Premium Services For Owners For Tenants Blog Contact Us More Use tab to navigate through the menu items. Tenant Portal PREMIUM SERVICES We know your home is your most valuable asset- as we're homeowners too!  It’s critical to manage, care for and oversee this investment during all phases of its occupancy. When faced with today’s challenges of tenant rights and landlord responsibilities, property management provides a layer of security that alleviates the property owner from the burdens of daily responsibilities.  A licensed and educated property manager provides you with in-depth knowledge of the neighborhood as well as a skilled selection and screening of tenants. Free Property Evaluation LEASING PACKAGE We Don't Just List Any Property, We Display A Dream Home. Tenant Placement Service includes the following: ​ • Multi channel advertising & showings • 360 tenant screening (Credit, Background, Income, Employment & Eviction Checks)  • Lease preparation and complete Move In Inspection Get Started FULL SERVICE MANAGEMENT Our Most Popular Program- Detailed- Just How We Like It!  Full Service Property Management includes the Tenant Placement Service and the following: ​ • Tenant Placement Services -Minimal Vacancy -360 Tenant Screening (Credit, Background, Income, Employment & Eviction Checks)  -Complete Move In & Move Out Inspections ​ • Rent Collection • Monthly statements • Maintenance management • 24/7 emergency response • Posting of legal notices • Oversee evictions ​ Get Started [email protected] w. (408) 261-9500 f. (408) 261-6999 2130 The Alameda San Jose, San Jose 95126 USA ​ bottom of page --> FOMO Drives Young Buyers Toward Ownership top of page Home Our Team Contact Find Your Dream Home Apply Here Services Premium Services For Owners For Tenants Blog Contact Us More Use tab to navigate through the menu items. Tenant Portal Recent Posts FOMO Drives Young Buyers Toward Ownership If You Inherit a House and Sell It, How Are the Profits Taxed? Study Proves Renters Can be Wealthier than Buyers (Really!) Archive April 2018 (1) 1 post January 2018 (1) 1 post December 2017 (1) 1 post November 2017 (1) 1 post October 2017 (1) 1 post September 2017 (1) 1 post August 2017 (1) 1 post Tags #fomo (1) 1 post #millennials (1) 1 post care (1) 1 post cleaning (1) 1 post contract (1) 1 post design (1) 1 post first time buyer (1) 1 post fomo (1) 1 post furnish (1) 1 post lease (1) 1 post maitnence (1) 1 post millennials (1) 1 post signing (1) 1 post FOMO Drives Young Buyers Toward Ownership Apr 20, 2018 1 min read Fear of missing out—or FOMO, as millennials have coined it—has become a powerful motivator for young buyers to pursue homeownership, according to a new Bank of America survey. In particular, social media platforms such as Facebook and Instagram, where users often post about their lives as homeowners, are big influencers on prospective buyers, the survey of 2,000 U.S. adults finds. “I think it’s motivating them to think about homeownership,” says D. Steve Boland, BofA’s head of consumer lending. “Their interest level is high, and it’s driven by what they see.” According to the survey, a third of millennials say that when viewing social media posts about homes their peers have purchased, they think: “If they can buy, why can’t I?” And a quarter of all consumers say they fear missing out on an opportunity for themselves to purchase when viewing others’ home photos on social media. Twenty-three percent of consumers—16 percent of whom are first-time buyers—say they are jealous of the homes bought by their friends and acquaintances. Social media postings about homeownership can stir up emotions in consumers and motivate them to want to own themselves, Ethan Kross, a professor of social psychology at the University of Michigan, told USA Today. “If other people are doing better than we are, that can get us to feel bad,” Kross says. “It reminds us of what things could be like.” Source: “Instagram, Facebook Photos Spur Millennials to Become Homeowners,” USA Today (April 11, 2018) Tags: fomo #fomo first time buyer millennials #millennials [email protected] w. (408) 261-9500 f. (408) 261-6999 2130 The Alameda San Jose, San Jose 95126 USA ​ bottom of page --> Blog | San Jose | The Posada Group, Inc. top of page Home Our Team Contact Find Your Dream Home Apply Here Services Premium Services For Owners For Tenants Blog Contact Us More Use tab to navigate through the menu items. Tenant Portal Recent Posts FOMO Drives Young Buyers Toward Ownership If You Inherit a House and Sell It, How Are the Profits Taxed? Study Proves Renters Can be Wealthier than Buyers (Really!) Archive April 2018 (1) 1 post January 2018 (1) 1 post December 2017 (1) 1 post November 2017 (1) 1 post October 2017 (1) 1 post September 2017 (1) 1 post August 2017 (1) 1 post Tags #fomo (1) 1 post #millennials (1) 1 post care (1) 1 post cleaning (1) 1 post contract (1) 1 post design (1) 1 post first time buyer (1) 1 post fomo (1) 1 post furnish (1) 1 post lease (1) 1 post maitnence (1) 1 post millennials (1) 1 post signing (1) 1 post FOMO Drives Young Buyers Toward Ownership Fear of missing out—or FOMO, as millennials have coined it—has become a powerful motivator for young buyers to pursue homeownership,... If You Inherit a House and Sell It, How Are the Profits Taxed? If you sell your house and make a profit, you must pay capital gains tax—so does the same rule apply when you inherit a house from a... Study Proves Renters Can be Wealthier than Buyers (Really!) How many times have you heard that renters are "just throwing their money away"? Well that's not true, for a few reasons. First, owning a... [email protected] w. (408) 261-9500 f. (408) 261-6999 2130 The Alameda San Jose, San Jose 95126 USA ​ bottom of page --> Tenant Information top of page Home Our Team Contact Find Your Dream Home Apply Here Services Premium Services For Owners For Tenants Blog Contact Us More Use tab to navigate through the menu items. Tenant Portal FOR TENANTS If you are in the market for your next rental home, you have come to the right place. As a prospective tenant, we can help you through the process of finding and applying for the home of your dreams. Once you are a resident, we have a suite of tools to make your rental experience the best it can be. ​ PAY RENT ONLINE Tenant Portal Access Tenant Portal MAINTENANCE REQUESTS Get the job completed-fast Submit Request TENANT FAQ'S Helpful Tips Learn More [email protected] w. (408) 261-9500 f. (408) 261-6999 2130 The Alameda San Jose, San Jose 95126 USA ​ bottom of page --> Our Team | THE POSADA GROUP, INC top of page Home Our Team Contact Find Your Dream Home Apply Here Services Premium Services For Owners For Tenants Blog Contact Us More Use tab to navigate through the menu items. Tenant Portal MEET THE TEAM At The Posada Group, Inc, we are dedicated to preserving and protecting our owner’s properties in every way possible. Our team strives to please our tenants so they better maintain their rentals and extend their leases.  ​ We know the importance of maintaining and keeping a watchful eye on every owner’s property. We know it’s not only your home, but we respect your investment. We’re here to help you manage it to its fullest potential. ​ The Posada Group, Inc has the experience, technology and integrity that sets us apart from the rest. Your property is our priority! Contact Us "Professional and knowledgeable team! I worked hard for these investments and wouldn't pass them along to just anyone; I know my properties are in great hands. Bill & Daniela are wonderful." -Pablo G. San Jose, CA BILL POSADA CEO, Broker BRE#01434727 PATRICIA POSADA VP of Internal Relations DANIELA POSADA Chief Operating Officer, Broker Associate Certified Property Manager, PMC BRE#02021468 ALBERT SOTO Project Manager ANDREW POSADA Assistant Property Manager TOMAS GARCIA Senior Maintenance Technician [email protected] w. (408) 261-9500 f. (408) 261-6999 2130 The Alameda San Jose, San Jose 95126 USA ​ bottom of page --> Find Your Home | THE POSADA GROUP, INC top of page Home Our Team Contact Find Your Dream Home Apply Here Services Premium Services For Owners For Tenants Blog Contact Us More Use tab to navigate through the menu items. Tenant Portal FIND YOUR DREAM HOME As rental owners ourselves, we understand how to best structure and manage your rentals to be successful! You can be assured that your investment property rests in the hands of a solid company with staying power. "I struggled keeping up with the vacancies at my properties on my own.  Since I've been with The Posada Group, my units are rented faster than I could have imagined!"   -Art N. Santa Clara, CA [email protected] w. (408) 261-9500 f. (408) 261-6999 2130 The Alameda San Jose, San Jose 95126 USA ​ bottom of page --> For Owners | THE POSADA GROUP, INC top of page Home Our Team Contact Find Your Dream Home Apply Here Services Premium Services For Owners For Tenants Blog Contact Us More Use tab to navigate through the menu items. Tenant Portal Our Services FOR OWNERS Best in Class At The Posada Group, Inc, we take the stress out of owning investment properties in the Bay Area. Our comprehensive management services are designed so that your role as the owner is only to sit back and relax. We’ll take care of all the rest. Owner Portal [email protected] w. (408) 261-9500 f. 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