Financial, Legal and Tax

January 26, 2016 1 Comment

Real Estate Investing: The Lottery Backup Plan

Real Estate Investing: The Lottery Backup Plan – just in case you didn’t win! I know we were all a little surprised last week when we didn’t win the billion dollar lottery. The great news is we have other options for building our wealth that don’t have to include luck and unachievable odds. Since I get to talk a lot about real estate investing I thought I could share a few of those ideas with you… If we could all win the lottery the reality is we probably would not be in the market for investment real estate. However, since the...

January 8, 2015 Post a Comment

Trends: Real Estate and Corporate Housing

Top Real Estate and Corporate Housing Predications for 2015 What are your goals for 2015? Looking for the right investment? Wanting to increase your revenue? Want to save for a rainy day? These are all noble new year’s resolutions. So what does that actually mean and what does it look like and how are we going to get there? Real Estate Investing: Houston looks like the best bet for investors this year with San Francisco, Denver and Dallas-Fort Worth a close second. Predictions: According to CHBO Real Estate Corporate Housing Survey respondents, the outlook for 2015 is the best...

December 18, 2013 Post a Comment

Own investment real estate in your IRA?

You bet! If your New Year’s resolution is to take control of your financial future and invest in residential real estate that can net you a monthly payment for the rest of your life THEN don’t let the lack of down payment get in your way! Did you know you can move your IRA into a self managed account through which you can purchase investment real estate and incur no taxes on the transfer and no taxes on your rental income until you decide you want to pay yourself some of that cash? Now I am certainly not an expert on this...

November 28, 2013 Post a Comment

New York Occupancy Tax Update

(Reuters) – A New York City occupancy tax on hotel-booking companies, such as Expedia Inc, was ruled constitutional by New York state’s highest court on Thursday, the latest development in a legal battle playing out nationwide. In a 5-2 decision, the New York Court of Appeals upheld the law which imposes a 6 percent occupancy tax on “online travel intermediaries.” Sites such as Expedia Inc, Priceline.com Inc, Orbitz Worldwide Inc and Hotels.com allow customers to book hotel rooms online, often at a discounted rate. The court rejected the companies’ claim that the city did not have the right to...

November 20, 2013 Post a Comment

Win iPad Air :) 5th Annual Corporate Housing Survey is Now OPEN

THANK YOU… Start NOW Everyone who completes this survey will be entered to win an iPad Air! The first 100 people to complete the corporate housing survey will be entered to win a $100 Amazon.com gift card! Length: 8 Topics, Approximately 5-10 Minutes (General, Property, Rental, Renters, Property Management, Pets, Marketing, Corporate Housing) Purpose: Make you a more successful landlord by giving you the data you need to best market and manage your rental properties. Report: You will receive a FREE pdf copy of the completed report by January 15th 2014. We will send this to you via email....

November 18, 2013 Post a Comment

Real Estate Investors: Are you ready for taxes?

There was a great article in Personal Real Estate Investor Magazine this month: Are you prepared for Year-End Tax Tasks? Don’t Leave Money on the Table! Real estate investors don’t get stuck looking in the rear-view mirror and wishing they had done something different. Please don’t wait till April to meet with your tax accountant because by then you can NOT change your tax liability for 2013. But… if you take the time to meet with your tax accountant NOW you may discover you can make a difference on what you will need to pay Uncle Sam next year....

October 4, 2013 Post a Comment

News: Invest in Real Estate Now!

This week I attended an economic forecast seminar from Brian Beaulieu from ITR Economics. BUY Real Estate Now! was Brian’s message. ITR states with 90% probability that the US stock market will go DOWN next year and investors should buy real estate now. “Is your retirement in real estate?” Brian asked us all. One of the country’s most informed economists, Brian Beaulieu has served as the CEO of ITR Economics since 1987 where he researches the use of business cycle analysis and economic forecasts to increase business profitability. He is co-author of “Make Your Move”, a book on how...

What if my tenant is furloughed and can’t pay rent?

What a great question – Thanks to “Mr Landlord” for asking this great question today! We are all familiar with the MILITARY LEASE CLAUSE ADDENDUM: IN THE EVENT the Corporate Tenant is, or hereafter becomes, a member of the United States Armed Forces on extended active duty and hereafter the Tenant receives permanent change of station orders to depart from the area where the Premises are located, or is relieved from active duty, retires or separates from the military, or is ordered into military housing, then in any of these events, the Tenant may terminate this lease upon giving...

September 20, 2013 Post a Comment

Book Review: Landlord’s Tax Deduction Guide

Ok so I know tax deductions are not that exciting to talk about but I know we all would prefer to have more cash in our checking accounts at the end of the year. The great news is there are lots of ways real estate investment properties can provide tax deductions. The bad news is the rules change every year so when this book arrived on my desk last week I was actually very excited. Every Landlord’s Tax Deduction Guide by Nolo Press. This 9th edition just came out this year and is over 500 pages! Did you know there are...

July 5, 2013 Post a Comment

Corporate Housing Landlord Responsibility: Part I of III

You could be breaking the law and subject to a fine or lawsuit if you don’t know about Lead Based Paint disclosure requirements: Lead based paint disclosure – If your corporate property was built prior to 1978 then Federal Law requires that you notify tenants prior to arrival of any possible problems with lead paint in the property. This law requires that potential renters of housing built prior to 1978 receive certain information about lead and lead hazards in the residence prior to becoming obligated to rent, and provides the opportunity for an independent lead inspection for buyers. Corporate Housing Landlords...

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Category: Financial, Legal and Tax