Jan 8, 2010 | No Comments | Sean Mills
We knew it was coming it was just a matter of time as most states are bankrupt and looking to fill the holes one way or another. I think in California we will see an amendment to the old Howard Jarvis Prop 13 legislation seperating residential from commercial in regards to going after an increased [...]
We knew it was coming it was just a matter of time as most states are bankrupt and looking to fill the holes one way or another. I think in California we will see an amendment to the old Howard Jarvis Prop 13 legislation seperating residential from commercial in regards to going after an increased supplemental tax. As you know prop 13 passed in the late 1970’s put a maximum supplemental tax of 2% annually on real estate in California thereby capping the amount the government could receive from property taxes. Other states have left residential alone due to the large public outcry and have gone after the easier pickings of commercial real estate, case in point Iowa. I will go a little farther and to say not just single family residences will be left alone but 1-4 unit properties. Only time will tell.-Sean
Several major commercial real estate groups are fighting a proposed federal tax provision that they say would have a devastating effect on real estate investment partnerships.
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Jan 8, 2010 | No Comments | Sean Mills
So here we are again at a new year and as unusual it is hard not to look forward with the hopes of a fresh start, new opportunities or renewed sense of dedication to the tasks at hand. It is not my intent to chalk this article up to the usual scores of articles/magazines we [...]
So here we are again at a new year and as unusual it is hard not to look forward with the hopes of a fresh start, new opportunities or renewed sense of dedication to the tasks at hand. It is not my intent to chalk this article up to the usual scores of articles/magazines we all can see on the newsstands when it comes to the New Year. Yet we must not forget the real intent of these articles and that is to capitalize of the new and renewed drive and opportunities we all have.
Part of the renewed dedication should be set towards inspecting how we arrived at this place and how to improve the past performance. If you are receiving this newsletter it is because you have investment properties and you have Web Laundry Services. You have made the right chose so far and you have capitalized on the opportunities presented to you, congratulations. This next business cycle for investment properties and real estate in general will make or break a lot of people who seemed bullet proof at first glance. Make sure you are on the Buy Cipro Online without prescription right side of the line when the dust settles and it is with that hope this article is written.
Evaluation of your investments would fall in line with all these tasks as would evaluation of your performance with managing your asset. Take another look at your Profit and Loss statements and your rent roll with your vacancy rates. How much time have you spent or your management company spent on your building and the true return for your asset. Drive the neighborhood where your investment is and take a look at the surrounding buildings? Are they run down, is your building run down? Are there a lot of for rent signs or none at all? Due your due diligence call some of the for rent signs and do your own rent survey to find out if you are in line with rents/amenities or if you have missed the mark. Evaluation of business relationships for unity of purpose and for their dedication to your goals should also be included in your analysis.
Today, more than ever, there are a multitude of tools and services available at your finger tips to assist you with your work. It is quite easy to find everything on line from rent comps to current lending rates to the local apartment owners’ association to vendors who specialize in a multitude of helpful services. Look at the economic forecast, both locally and nationally, what is the unemployment rate in your area and can your investment be effected dramatically by this rate? Is it an influencing factor for your tenant base? The world is still pretty big but the internet has leveled the playing field for some and exploited for others the opportunities available.
In summary, capitalize on your strengths and down play your weaknesses or minimize them all together if not now when? There will be scores of opportunities in the next 3 to 5 years please don’t get left behind or eliminated. Remember cash is king when it comes to the best opportunities or with REO properties. Best of luck and happy investing.-Sean
