Inheriting a Family Home

Marin County has seen some dramatic demographic shifts over the last few years. For example, the average age of a Marin resident is now over 60 years old. We’re always talking to people who have inherited the home they grew up in. This can create a lot of wealth for you.

You don’t have to live here to know that entering the Marin real estate market can be pricey. If you already have an asset in hand, it’s in your best financial, and often emotional interests, to hold onto that property. Renting the home can be a better option than selling, and our Marin County property management services make it easy for you. We have established strong connections with companies to help pack and store the possessions in the house and can help facilitate this process.

Prandi Property Management provides leadership, resources, and experience to owners and investors renting out their inherited properties. Find out how much you can earn on your home when you choose to rent it instead of sell it. Then, we’ll be here to help you lease, manage, and maintain that investment.

Leasing your Inherited Property:
Financial Pros and Cons

If you’re in need of some quick cash, selling the home obviously makes sense. While renting it out is going to earn you stable long-term returns, you won’t see the investment wins right away. When you need a healthy influx of cash to send a child to college, make a down payment on a home of your own you want to buy, or make some other purchase or investment, renting out the home you inherit isn’t your best option.

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However, if you’re interested in earning some monthly rent and you have the time to allow your inherited property to grow in value, renting it is a smart financial move. You’ll earn more, and you’ll have a tangible real estate asset as a foundation in your portfolio.

You’ll also earn tax benefits. Selling a property often comes with capital gains taxes. Renting it out can actually ease your tax burden. As a rental property owner, you can claim depreciation on your investment, and you can deduct for expenses such as:

  • Maintenance
  • Property management and other professional fees
  • Travel to and from the property
  • Mortgage interest and property taxes
  • Advertising, insurance, and utility costs associated with your rental

After a few years, you might want to leverage the value of your investment to buy other properties. You can continue to build your investment portfolio or sell the home you inherit through a 1031 exchange, in which you defer the taxes you’d pay when you buy a similar property or properties.

We offer expert property management in Marin County neighborhoods.

Leasing Your Inherited Property:
Emotional Tolls and Triumphs

Selling the home that’s been in your family for years is difficult. It’s hard to let go. That’s another good reason to keep it. You can rent it out and then it’s still in your family. Maybe you’ll even pass it on to a child of your own or a niece or a nephew.

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Sometimes, owners worry that they’re too attached. They wonder how they’ll be able to treat the property as a business instead of a cherished family home. We understand. It might be difficult to find a tenant you can imagine sleeping in your old bedroom. You might be critical of how the residents are caring for the rose bushes that your mother always loved to water.

There are many memories tied up in your property, and that’s why a professional Marin property management team is so invaluable. We’ll be the buffer between you and your investment. You can hold onto the treasured family home while we manage the tenants and the day-to-day activities. We know how to treat the property like a business, and while we’ll treat the property like our own, we won’t be as emotionally attached as you are.

If you’re still not sure of how to handle inheriting a family property, contact our team at Prandi Property Management. We can make a difference.

Working with Marin rental properties in zip codes 94945, 94947, 94948, 94949, and 94998.

“EXTREMELY SATISFIED”

Thanks again for all the terrific work you do. It gives me real peace of mind to know that you are taking care of everything. We’ve been extremely satisfied with your management of our property over the past 7 years.

Susan M. | Single Family Home Owner

Areas We Serve

Southern Marin

Mill Valley
✓ Sausalito
✓ Tiburon
✓ Belvedere

Central Marin

✓ Corte Madera
✓ Larkspur
✓ Greenbrae
✓ Kentfield
✓ Ross
✓ San Anselmo
✓ Fairfax
San Rafael

North & West Marin

Novato
✓ West Marin

Working With Us In San Rafael

A view of downtown San Rafael in front of the sweeping landscape of Mt Tamalpais, where PRANDI offers expert Marin property management

Welcome to San Rafael, a lively, urban environment with all of the comforts of a small town. San Rafael is home to some amazing architecture, such as the Mission San Rafael Arcángel (the 20th of California’s 21 Missions) and the Marin County Civic Center (Frank Lloyd Wright’s last commission), while still maintaining beautiful natural elements like China Camp State Park.

We offer expert Marin property management in and around Peacock Gap, Glenwood, Terra Linda, Marinwood, and Sun Valley.

The downtown area has hosted the Farmer’s Market for over 20 years and is a place where local food, music, and small businesses come together in a family-oriented environment during the warmer weather.

Is your rental property in zip codes 94901, 94903, or the surrounding areas?

Give us a call to learn how we can help your San Rafael rental home perform at its best.

WHAT PEOPLE ARE SAYING ABOUT US

4.9/5
4.9 /5
644 Reviews

Google
5.0/5
Jan 30, 2023
Google PRANDI Property Management, INC., CRMC Robert
Sendi and her associate Ashley of Prandi Property management have been exceptional in establishing the rental agreement and ensuring the details have been taken care of in creating a comfortable new home for me!
Survey
5.0/5
Jan 23, 2023
PRANDI Property Management, INC., CRMC Eva
I mainly work Hannah Blanco in the maintenance department. She is very professional and attentive. Thank you!
Survey
5.0/5
Jan 21, 2023
PRANDI Property Management, INC., CRMC Lauri
I like renting from Prandi. I feel like if there’s any thing that needs to be done with my apartment. They are on top of it right away. I think the communication is excellent.
Survey
5.0/5
Jan 18, 2023
PRANDI Property Management, INC., CRMC Jaime
It was Amazing
Survey
5.0/5
Jan 18, 2023
PRANDI Property Management, INC., CRMC Doug
The contractors did good work and I appreciated being put up at Marin suites which were nice accommodations for the week
Google
5.0/5
Jan 13, 2023
Google PRANDI Property Management, INC., CRMC Eric
Prandi has been a joy to work with compared to other property Mngt companies... They have been very responsive to all problems. I highly recommend Prandi when considering rental property.
Survey
5.0/5
Jan 10, 2023
PRANDI Property Management, INC., CRMC Ana
Prandi Property is so far the best rental company we have been with. They take care of business as soon as needed. Every one in the office are super nice and efficient.
Survey
5.0/5
Dec 27, 2022
PRANDI Property Management, INC., CRMC Deborah
Thank you!
Survey
5.0/5
Dec 27, 2022
PRANDI Property Management, INC., CRMC Laura
Very responsive with good follow up.
Survey
5.0/5
Dec 27, 2022
PRANDI Property Management, INC., CRMC Ellen
Appreciate how responsive with tenant problems along with courtesy,
Survey
4.0/5
Dec 22, 2022
PRANDI Property Management, INC., CRMC Amir
Maintain exterior of building and the drivers/ parking lot as well because of Dustin and pollution, Thanks.
Survey
5.0/5
Dec 21, 2022
PRANDI Property Management, INC., CRMC William
Good plumber, excellent work, no complaints from here
Survey
5.0/5
Dec 20, 2022
PRANDI Property Management, INC., CRMC Susan
Prandi is always prompt and helpful!
Survey
5.0/5
Dec 20, 2022
PRANDI Property Management, INC., CRMC Eric
Parts were ordered and received quickly after issue was diagnosed.
Survey
5.0/5
Dec 19, 2022
PRANDI Property Management, INC., CRMC Todd
Our reviewer was kind, courteous and not invasive. She was easy to talk to as well and it felt like a visitor in my home. Thank you
Google
5.0/5
Dec 19, 2022
Google PRANDI Property Management, INC., CRMC Gary
Prandi has managed several properties that I own in San Rafael for about 20 years. They have done a great job for me and my customers (aka tenants). The whole Prandi Team makes exceptional service routine. If you are looking to rent a place or need professional management call Prandi.
Google
5.0/5
Nov 27, 2022
Google PRANDI Property Management, INC., CRMC Jamie
The best sushi around. John Wayne is the most wonderful and friendly host!!!! Love, King of the Roll!!!
Survey
5.0/5
Nov 26, 2022
PRANDI Property Management, INC., CRMC Juventina
Love my home
Survey
5.0/5
Nov 24, 2022
PRANDI Property Management, INC., CRMC Robert
Very responsive whenever a need arrives
Survey
5.0/5
Nov 23, 2022
PRANDI Property Management, INC., CRMC Danielle
Prandi has been the most professional, understanding, and courteous property management company. So wonderful to work with!
Survey
5.0/5
Nov 21, 2022
PRANDI Property Management, INC., CRMC Jenifer
Prandi is very responsive to service requests. Staff is very friendly and helpful.
Survey
5.0/5
Nov 21, 2022
PRANDI Property Management, INC., CRMC Craig
Prandi has been a great partner over the years, very prompt to respond to service requests and very open communication.
Google
5.0/5
Nov 6, 2022
Google PRANDI Property Management, INC., CRMC Arlene
I have been a tenant of Prandi at 2 of their properties and have nothing but positive things to report. They communicate well, their staff are interested in the tenants. All of my service requests have been handled promptly and positively, that in itself is unusual and very welcome. They actually listen to me when I call-what a concept!
Survey
4.0/5
Nov 4, 2022
PRANDI Property Management, INC., CRMC Brad
The maintenance team has acted with accountability and timeliness.
Survey
5.0/5
Oct 28, 2022
PRANDI Property Management, INC., CRMC Ellen
The only problem I've had is some confusion regarding scheduling of new gardener. I believe it has been resolved now.

WANT TO LEARN MORE?

If you’d like to learn more about our properties and what it’s like to work with PRANDI Property Management in Marin, get in touch. We’d be happy to talk more about our rental properties, our application requirements, and our leasing process.

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PRANDI Property Management

1321 Third Street San Rafael, California 94901
(415) 482-9988 | info@prandiprop.com
DRE# 00980159