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Aging Life Network

Aging Life Network

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August 4th 2021: Encore Keep the Family Home and Create an Income Producing Asset

Seniors considering a move to a retirement community or families managing the care and finances for a loved one so often do not look beyond the option of selling the home that has been occupied for many years. The sale of a home brings with it tax consequences and the need to re-invest proceeds. This week we will be exploring keeping the home and using the home as an income producing asset that can supplement you or your loved ones cost of living or care needs. Concerned about the headache of managing a rental? Do not live nearby? I will be talking with a property management expert as wel

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Sheri Dea Brown

Sheri Dea shares that she was born a real estate investor. Thanks to wise relatives, six generations have managed properties in several states in the Southwest. After 10 years in the family business, Sheri opened her own company, Caravan Properties, in 1993. For 37 years Sheri has managed residential and commercial properties, as well as land and equity exchanges. Today Sheri manages more than 300 properties. Sheri is a licensed realtor, has received the designation of Equity Exchange Specialist by the National Council of Exchanges and is a member of the National Association of Residential Property Managers. Sheri has integrated a unique system into her business that can help create a
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Daniel Farley, CPA

Daniel is a Tax Senior Manager with Moss Adams in the Albuquerque office, where he provides tax services to privately held businesses in health care, technology, real estate, restaurant and professional service industries. Daniel also works directly with the business owners, specializing in estate and trust taxation and succession planning. Daniel is a member of the AICPA and NMSCPA and is the current Past-President of the New Mexico Estate Planning Council. He holds a Bachelor of Business Administration and a Master of Accountancy degree both from the University of New Mexico Robert O. Anderson School of Management. Daniel is a New Mexico native, outdoorsman, and a previous rodeo athlete.
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https://www.voiceamerica.com/show/3973/aging-life-network Aging Life Network https://www.voiceamerica.com/show/3973/aging-life-network Seniors considering a move to a retirement community or families managing the care and finances for a loved one so often do not look beyond the option of selling the home that has been occupied for many years. The sale of a home brings with it tax consequences and the need to re-invest proceeds. This week we will be exploring keeping the home and using the home as an income producing asset that can supplement you or your loved ones cost of living or care needs. Concerned about the headache of managing a rental? Do not live nearby? I will be talking with a property management expert as well as a certified public accountant about the many benefits of considering this option. We will look at the tax consequences of selling now vs. setting up as a rental. We will also discuss the property management role, the team required and if hiring a property management group, how to find the best one to work with. VoiceAmerica | Talk Radio | Online Talk Radio studio@voiceamerica.com false DD/MM/YYYY Add to Calendar
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