In 2020, the global Gross Domestic Product (GDP) was expected to contract 5.2%, presenting the steepest global recession in many years. For many sectors, the negative effect of the COVID-19 pandemic is expected to be long-lasting. However, there seems to be a market that benefited from the mayhem caused by the pandemic: the housing market. During the COVID-19…
Cost segregation studies are a very effective way to shelter investment property. They should be considered by every real estate investor on every transaction. When optimized, they can increase cash flows, reduce tax liability and uncover missed deductions. Thanks to the Tax Cuts and Jobs Act of 2017, the benefits are still very favorable. What…
Hello everybody. In the context of the management of apartment buildings, I thought it would be appropriate this month to review what privileges owners have to prevent others from testifying against them in any civil or criminal proceeding. That thought occurred to me as I was thinking about former President Donald Trump and the legal…
Global debt has surged by $24 trillion in the last year, driven largely by the response to the COVID-19 pandemic, the Institute of International Finance (IIF) announced in March. With global debt now totaling a record $281 trillion, the ratio of debt to global GDP has risen 35 points to 355%, according to the group’s calculations. The latest increase in the…
The Dust Bowl (1931-1939) extended from southern Kansas to northern Texas, but was centered in the Oklahoma panhandle. This is largely prairie whose native shortgrass once supported innumerable bison. A characteristic of shortgrass is that it grows easily in areas where rainfall is as little as 10 inches per year. You know you’re looking at…
This is an opinion piece by Jeremie Dufault, a member of the Washington State House of Representatives on why rent vouchers are better for tenants and landlords. Government shouldn’t be able to give away something it doesn’t own. But that’s what happened when Gov. Jay Inslee stopped property owners from evicting nonpaying tenants. He took…
Over the past decade, there’s been an increasing number of operators regularly offering lease terms longer than 12 months. It’s part of a natural progression that I have observed over my 20+ years in pricing and revenue management in multifamily housing. When I first got involved with the industry, few operators offered leases shorter than…
The following is a priceless list of advice from many successful landlords around the country who have learned from the school of hard knocks. Learn from their wealth of experiences. It is not necessary to learn everything the hard way! Assume that all prospective tenants are lying and be happy when you can prove…
Question One: I am selling a duplex in Glendale. It would be best if I could offer the units for sale without it being occupied. Am I able to terminate the tenancies and do I need to pay relocation to my tenants? Answer One: Glendale does not have a rent control statute for a duplex.…
Real estate has long been a popular asset used to build generational family wealth. One of the key tax advantages to passing real estate property to heirs is that those recipients benefit from a step-up in basis. That step-up is much like hitting the reset button on a property’s current market value. Step-Up Value That…
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