Elimination of Management Burdens
Elimination of Management Burdens: Many taxpayers own investment property that is management-intensive. These taxpayers may want to defer tax when selling their relinquished property, but do not want to acquire replacement property that requires substantial management commitment. Potential solutions for this dilemma include the purchase of triple net lease (NNN) property, tenant-in-common (TIC) interests or Delaware Statutory Trusts (DSTs), in which the management, maintenance and repairs are not the responsibility of the taxpayer and are instead handled by the sponsor and/or third party management companies.
Strategic 1031 Exchange Advisors, LLC, a Georgia limited liability company, is a qualified intermediary for 1031 exchanges only. It is not an accounting firm, law firm or registered investment professional and therefore is not qualified to give accounting, tax, legal or investment advice, and, further, cannot act in an agency capacity on behalf of its clients. This website is for informational purposes only and does not and is not intended to constitute accounting, tax, legal or investment advice. We advise you to consult with your accountant, attorney and investment professional on all matters related to your exchange.
Have questions about your investment property? Contact us before selling and we can help walk you through the process.