Ian Bryzek, CPA
Selling an inherited duplex or fourplex
A small multifamily sale needs a property file that accounts for tenants and operations.
Rent, deposits, repairs, and owner expenses can continue while a sale is being arranged.
Separate operating activity from the sale transaction and retain property-by-property records.
What to keep with the file
Separate operating activity from the sale transaction and retain property-by-property records.
What to gather
- The source documents closest to the transaction
- A dated list of what happened after death
- Statements, invoices, or correspondence that explain the entries
Who usually handles what
- Ian can help identify the tax records and reporting questions.
- James Valdez can provide an independent residential fair-market-value appraisal when a supported property value is part of the documentation.
A practical next step
Make a short timeline and mark any fact that still needs support.
When a property value is part of the picture
When residential real estate needs a supported fair market value as of a relevant date, an independent appraiser may be part of the documentation process. Ian does not determine fair market value.
Related guides
This general information is not tax or legal advice. The answer depends on the documents, ownership, timing, and facts of the particular matter.