Introduction: Tax Lien vs. Mortgage Foreclosure – What’s the Difference? Many homeowners confuse tax liens and mortgage foreclosures, but they are not the same. While both can result in losing your home, they stem from different causes and have distinct legal processes. If you’re struggling with unpaid property taxes or behind on your mortgage, understanding […]
Author Archives: MJ Lacno
What is a Tax Lien & How Does It Affect Your Home?
Introduction: Understanding the Impact of Tax Liens If you’re a homeowner struggling with unpaid property taxes, you might have heard the term “tax lien.” But what does it mean, and how does it affect your home? A tax lien is a legal claim placed on your property by the government due to unpaid property taxes. […]
Cash for Keys vs. Eviction in Springfield, MO – Best Landlord Strategies
Introduction Dealing with a problem tenant who won’t leave? Many landlords face the tough decision of whether to go through a formal eviction or offer a cash-for-keys agreement to encourage a tenant to leave voluntarily. While eviction is a legal process, it can be time-consuming, costly, and stressful. On the other hand, cash for keys […]
Selling a Rental Property with a Lease in Springfield, MO – Your Best Options
Introduction Selling a rental property with an active lease can be an opportunity, but it also brings challenges. Some landlords wonder if they should wait until the lease expires or sell with tenants in place. The good news? You can sell a rental property with a lease, and in many cases, it appeals to investors. […]
Selling an Inherited Rental Property in Springfield, MO – Fast & Stress-Free
Introduction Inheriting a rental property can be both a blessing and a burden. While it may offer financial opportunities, managing an inherited property—especially from a distance or with difficult tenants—can become overwhelming. If you’re considering selling, knowing the right steps and best strategies can help you sell quickly while maximizing your return. In this guide, […]
Selling a Rental Property During Tax Season in Springfield, MO – Pros & Cons
Introduction Is tax season the right time to sell your rental property? Many landlords wonder whether selling during this period has financial advantages or drawbacks. While tax season can present unique opportunities for sellers, it also comes with some potential tax implications that landlords should consider before listing their property. In this guide, we’ll break […]
1031 Exchange for Selling a Rental Property in Springfield, MO – Maximize Tax Savings
Introduction Thinking about selling your rental property but don’t want to pay high capital gains taxes? A 1031 exchange allows landlords to defer taxes by reinvesting the proceeds into another investment property. This strategy helps investors grow their portfolios tax-efficiently while keeping more of their profits. In this guide, we’ll explain how a 1031 exchange […]
Selling a Rental Property with a Non-Paying Tenant in Springfield, MO – Fast & Stress-Free
Introduction Owning a rental property can be a great investment, but what happens when a tenant stops paying rent? Many landlords struggle with non-paying tenants and find themselves stuck covering mortgage payments, taxes, and maintenance costs without rental income. If you’re in this situation, selling your rental property might be the best financial move. In […]
Sell a Rental Property Without Realtor Fees in Springfield, MO – Keep More Profit
Introduction Thinking about selling your rental property but want to avoid high realtor fees? Many landlords hesitate to list with a real estate agent because of commissions, delays, and complicated selling processes. Fortunately, there are several ways to sell your rental property without paying realtor fees, saving you thousands while still securing a great deal. […]
Evicting a Tenant Before Selling in Springfield, MO – What Landlords Need to Know
Introduction Thinking about selling your rental property but dealing with tenants? Many landlords wonder if they should evict tenants before selling or sell with tenants in place. While evictions can be stressful and legally complex, they are sometimes necessary to maximize your sale price, attract more buyers, or resolve ongoing tenant issues. In this guide, […]