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
618 Reviews

Survey
5.0/5
Sep 24, 2022
PRANDI Property Management, INC., CRMC Amy
Speedy attention and clear communication to my service request!
Survey
4.0/5
Sep 18, 2022
PRANDI Property Management, INC., CRMC Larry
Fairly painless - looks good
Google
5.0/5
Sep 16, 2022
Google PRANDI Property Management, INC., CRMC Jill
My family has been clients of Prandi for over a decade. Every professional at Prandi has been and continues to be, superb. We have dealt with not only our property manager, but maintenance, accounts, finance, and Matt Prandi himself. Two generations are working with PPM and we could not be more pleased. Of particular excellence is Yvonne Espinoza, Tony in Maintenance (exceptionally knowledgeable and quick), and Reidun in bookkeeping/accounts. We feel they have our best interests at heart and are top notch at communication, and getting things done.
Google
5.0/5
Sep 15, 2022
Google PRANDI Property Management, INC., CRMC Ashley
Finding a rental property in Marin is no easy feat, but after discovering Prandi it became a breeze! Our new home is gorgeous and perfect for our small family, and the leasing process was complete within 2 business days of viewing the home. Matt, Lauren, and Ashley treated us with dignity, and a level of customer service that reminds me of the before times when business relationships were built on mutual trust and respect. Matt even remembered my daughter’s unusual name and asked about her when I dropped off the deposit checks. If you’re looking to rent I highly recommend working with Prandi’s inventory to find your next home.
Google
5.0/5
Sep 2, 2022
Google PRANDI Property Management, INC., CRMC Alembix222
good experience, friendly, solved problem quickly
Google
5.0/5
Aug 28, 2022
Google PRANDI Property Management, INC., CRMC Gianinna
My husband and I relocated from New York a couple of months ago and we were living in places like airbnbs and motels because could not find a permanent place until we contact Prandi Property Management. Lauren, Yvonne and Ashley worked so fast to find us a place that in a week we had a cozy studio located just a couple blocks from downtown San Rafael, near restaurants, supermarkets, public transportation, mayor highways. They are easy to communicate with, a great team work. Thank you so much!
Survey
5.0/5
Aug 19, 2022
PRANDI Property Management, INC., CRMC Diana
Pacific Carpet did an excellent job with my carpet wrinkle. Both the estimator and the workman arrived on time. The job was done quickly and the carpet looks great. Thank you!
Survey
5.0/5
Aug 19, 2022
PRANDI Property Management, INC., CRMC Carrie
Very responsive team of people, anything that was needed was tended to.
Survey
5.0/5
Aug 18, 2022
PRANDI Property Management, INC., CRMC Mort
excellent work..fixed verything in record time .highly recommended electrician!! friendly and efficient
Google
5.0/5
Aug 18, 2022
Google PRANDI Property Management, INC., CRMC Dan
Great experience working with Prandi. They are very professional, thorough and easy to work with.
Survey
5.0/5
Jul 24, 2022
PRANDI Property Management, INC., CRMC Martha
I've been a tenant of Prandi Props for many years now. I am extremely satisfied their maintenance teams quick response, and end results!
Survey
5.0/5
Jul 18, 2022
PRANDI Property Management, INC., CRMC Jeffrey
🙂
Google
5.0/5
Jul 17, 2022
Google PRANDI Property Management, INC., CRMC Gina
Friendly team. Super responsive.
Survey
5.0/5
Jun 11, 2022
PRANDI Property Management, INC., CRMC Craig
Fast response and service fix, thank you!
Survey
5.0/5
Jun 10, 2022
PRANDI Property Management, INC., CRMC José
very good service!
Survey
5.0/5
Jun 10, 2022
PRANDI Property Management, INC., CRMC Kelleigh
Mike Minaberry Landscaping did a fantastic job trimming back trees that were overgrown. He’s very professional!
Survey
5.0/5
Jun 10, 2022
PRANDI Property Management, INC., CRMC Laura
Fast service and problem fixed
Google
4.0/5
May 27, 2022
Google PRANDI Property Management, INC., CRMC Grace
I love my rental home and am very happy and grateful to have found this house. My experience with Prandi was excellent. The only issue has been with the company they hired to transfer the utilities into my name. I should have declined this service and done it myself because they have created a mess by using the wrong name and now I am trying to clean that up. Also, they were not thorough and did not close out some accounts. Not Prandi's fault but the company they hired.
Survey
5.0/5
May 26, 2022
PRANDI Property Management, INC., CRMC Carolyn
From the time I sent the request to the time someone contacted me was less than 24 hours. Someone was in our house trying to fix the problem shortly thereafter.
Survey
5.0/5
May 20, 2022
PRANDI Property Management, INC., CRMC Sheri
Ben was in touch by text to inform me of his arrival time which was accurate & appreciated. He replaced the non-functioning doorbell and as I casually mentioned that I had my eye on two light switches with their inconsistency in lighting, he fixed the more problematic & easier one to work on. The second light being way up high on the wall between the 2 sets of stairs to the 2nd floor could not be worked on as he strictly had come to replace the doorbell & he didn’t have a ladder tall enough, nor did I, to be able to reach the light which is likely to be a bulb problem. I was very pleased with the work he had done.
Survey
5.0/5
May 19, 2022
PRANDI Property Management, INC., CRMC Theo
Very responsive and helpful property managers!
Survey
5.0/5
May 19, 2022
PRANDI Property Management, INC., CRMC Bruce
Great response time !
Survey
5.0/5
May 19, 2022
PRANDI Property Management, INC., CRMC Kevin
Excellent customer service.
Survey
5.0/5
May 16, 2022
PRANDI Property Management, INC., CRMC Eva
Hannah Blanco is always very responsive and great with follow-up.
Survey
5.0/5
May 16, 2022
PRANDI Property Management, INC., CRMC Ana
Those workers went far and beyond to do their jobs. Always on time, Always polite and friendly.

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