Managing Rental Property from Overseas (MQ853)
Leaving one's property in the hands of another while overseas is a source of great anxiety for homeowners. During this evening course professional property managers will provide information on when, why, and how to hire a property manager; how to avoid common pitfalls; and the tax implications.
"I learned the importance of providing a good product (my house) and good services (my management company) towards a choosey customer (DC metro area renters). I also learned to think carefully about the issues of my property's "rent ready" date; asset depreciation; and home repair versus improvement."
"This course taught me that I need to get a property manager ASAP! And that I need to do a little more research to better understand the tax implications. The seminar gave me great ideas for the right questions to ask my tax accountant and prospective property managers."
"I increased my knowledge about tax data influencing the management of my house as a rental property. AND I became motivated to begin the process of preparing my home."
"This seminar was excellent for FS families who face the renting issue every time they go overseas."
"I am not a homeowner yet but highly considering and this gave me a strong sense of what will be necessary of me if we end up renting the property from afar, both the legal and financial responsibilities."
"This class presented good thoughts about preparing the house for rental, utility of property managers, and thinking proactively about tax management issues."
You can watch the most recent MQ853 Managing Rental Property Overseas seminar (5 videos) at this YouTube link.
Course Dates and Times
11 January 2017 6:00 PM – 8:30 PM
This is a non-tuition workshop.
Virtual Resource Table
The following links and documents represent materials made available at the resource table during the class.
Landlord and Tenant Regulations
- DC Municipal Regulations and DC Register - LANDLORD AND TENANT
- Landlords and Tenants: Tips on Avoiding Disputes (Maryland Attorney General)
Virginia Residential Landlord and Tenant Act of 2011
- Additional information on Amendments to Virginia Residential Landlord and Tenant Act [Richmond Sunlight, 2013]
Property Management (McGrath Real Estate resources)
- Questions to Ask A Property Manager
- Sample Lease
- Owner Departure Checklist
- McGrath Real Estate Blog
- What Questions should I Ask a Prospective Property Manger?
- Condominium Renting Rules
- IRS Publication 527: Residential Rental Property
- 2016 Instructions for Schedule E
- 2016 Form 1040 (Schedule E)
- 2013 AFSA Tax Guide: Rental of Home and Sale of Principal Residence
- Tax Implications of Owning Real Estate
In the News
- 7 Survival Tips for Renting Out Your Home (USAA)
- Preparing Your Home for Rental (Zillow)
- Zillow Rental Pros Blog
- Where We Live Washington Post Real Estate Blog
- Before Becoming a Landlord, Do the Homework [Washington Post - January 11 2013]
- Washington, DC, Metropolitan Area Market Trends
Cautionary Advice from the Financial Services Center, Charleston
Preparing your Rental Property from Overseas (Wilkinson PM, Inc.)
- How do I Prepare my Property for Rental?
- Preventative Maintenance
- Budget for Potential Replacement Costs
- Management Transition Guide
- Wilkinson PM, Inc. Leasing Policies
- Why You Need a Professional Property Manger
- WPM Property Management Information Form
Executive Housing Consultants, Inc. (Brian Ridgeway Documents)