Here are the specifics on the unit:Large Hangar For Sale $197,500 Hangar Size: 4,125 SF (55' x 75'), Construction: Steel hangar fully insulated with efficient natural gas heat.Lot Size: 0.19 Acre (8,125 SF) of leased landZoning: AIRPORT-L, M1-L,OSPR-L, PF-L23 years remaining on land lease.Hangar has an office, shower, gas heatSingle lift hydraulic 53' x 18' door200 amp service

I think referring to Account Closed's method of communication with her tenant as "texting buddies" is rude, condescending and out of touch.If that is the normal method of communication with this tenant, in my state it is legal, proper, and efficient to communicate notices by text and in my view there is nothing "unprofessional" about texting per se; communication by any method might be 'professional' or 'unprofessional' based on the content.

I recently installed a high efficiency hot water heater and furnace in a single family home in Western PA, I called the building inspector to ask what permits I needed, and he could care less about permitting for it. 

Now, that's not just a statistic; it's a testament to the enduring allure of Miami living.With 24.2% of purchases made in cash, it's evident that confidence in Miami's real estate market runs deep.The median time to contract and sale has quickened its pace, creating a symphony of efficiency that sellers can't help but dance to.Challenges emerge like ripples in the ocean.

Our operational efficiency has gone down tremendously ever since we moved away and were no longer local.

(We are GC's, so estimating repairs (and managing contractors) will not be hard)5. (1) Efficiency | (1) 2 bed, 2 bath | (1) 2 bed, 1 bath | (2) 1 bed, 1 bath 6.

The three most common approaches include:Cost approach: An estimate of the replacement cost less depreciationIncome approach: Calculation of estimated potential rental incomeSales approach: Uses comps of recent transactions on similar propertiesBe sure you are leveraging the tax incentives availableIdentify any applicable tax incentives available for commercial properties - historic tax credits in certain areas, opportunity zones, environmental sustainability, etc.Understand available tax deductions, credits, and rebates - Tax deductions decrease the taxable value of a property, tax credits directly reduce your tax liability dollar for dollar and tax rebates are a refund of taxes paid under certain conditions.Utilize a cost segregation study - Cost segregation allows you to reclassify assets into categories with shorter useful lives, therefore accelerating depreciation and creating tax savings.Leverage energy incentives and deductions - Look into the Section 179D deduction and how you can save on tax by meeting certain standards to make your property more environmentally friendly.Best practices for commercial real estate owners and monitoring their property tax regulations:Plan proactivelyWork with a professional to receive guidance on complex regulationsUtilize specialized software tools to drive efficiency and compliance.What questions do you have regarding property tax valuations?

@Clayton Silva makes a good point -- the most tax efficient move is to leave the properties in Dad's name and then make sure the properties go to Son and Daughter upon his passing. 

For the last 3 years we had a trusted Brooklyn-based 'handyman' named Pedro who we sent out to our apts as-needed and he handled their needs very efficiently, but alas, he is moving out of state this week and now we're in search of a new trusted 'Pedro...'

Also make sure your heating system supplies hot water efficiently to all three units.