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23 April 2024 | 22 replies
I worked for a property management company that had a location up in Big Bear and the #1 issue all of the landlords had up there was finding good contractors who will complete work on time and in budget.
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22 April 2024 | 0 replies
Minor updates to common areas and the exterior were also made to enhance curb appeal and leasing prospects.Concurrently, rents for the remaining two legacy apartment tenants were raised by 10-20% upon lease renewal.
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23 April 2024 | 3 replies
They looked at about 50 properties and each one had an issue.
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24 April 2024 | 13 replies
I don't think it's a condo as many have STR regulations and HOA issues.
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23 April 2024 | 9 replies
Pinpoint said it’s clearing a title issue.
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23 April 2024 | 9 replies
Mostly I just want a platform that reliably works for pre-screening, credit, background, leasing, payment, and reporting maintenance issues.
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22 April 2024 | 7 replies
As a landlord, how specific do you get and at what point, if any, does tenant become responsible fro treating the issue (other than communicating to the landlord of issues).
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22 April 2024 | 2 replies
They didn't resolve my issue yet, but at least someone acknowledge and will pass on the error message.
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22 April 2024 | 0 replies
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?