Investing in Opportunity Zones allows real estate investors to defer or eliminate short-term and/or long-term gains on the sale of real property or other similar investments. An important tax incentive provision for real estate investors, developers and professionals were included in the federal Tax Cuts and Jobs Act that was enacted in December 2017. A […]
I recently watched the movie The Founder on Netflix, starring Michael Keaton. The Founder is a compelling story about American inspiration, ambition and greed. Love it or hate it, McDonald’s is one of America’s most recognized brand names and greatest success stories. Its success is partly because of its ability to streamline its operations and give […]
Earlier this month, I was in New York City at the IMN Middle Market Multifamily Conference moderating a panel discussion for property owners who are considering creating their own management firms. As a partner in one of the industry’s larger outsourced accounting firms, I help clients make that decision every day. The discussion included some […]
On Tuesday, February 13th, the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) awarded $3.5 billion in New Markets Tax Credit allocation to 73 community development entities throughout the country. Based on the terms of the awards, it is expected that approximately $2.47 billion of allocation will be deployed to support businesses in […]
President Donald Trump signed a major budget deal into law early Friday morning, February 9, hours after Congress voted to end a brief government shutdown overnight. This budget bill also retroactively extends numerous tax breaks that had previously expired. The majority of the tax breaks included in the bill are renewed for one year through […]
Over the holiday break, I took my family to see The Greatest Showman. The movie, which chronicles American showman P. T. Barnum’s rise as a creator of the modern circus, was excellent. One of my adult kids felt it was one of the best movies he’d seen in a while. Barnum innovated bringing those with […]
Ascent Multifamily Accounting has formed a partnership with Updater, an integrated platform for move-in and property related services. The partnership offers Ascent’s clients up to a 33 percent discount for their residents to use the hugely popular move-in concierge service. Typical fees are $99 to $299 per year per property. “Updater is a great tool […]
Randy, a regional portfolio manager in a major market, was working long hours overseeing the operational and financial management of more than 4,000 units. He wanted more time with his family and more control over his income and schedule. After working for more than 14 years for major management firms, Randy considered starting his own firm […]
As a real estate owner or manager in a major market, the competition you face for qualified talent is fierce. We recently met with two multifamily firms that both felt finding capable employees in Southern California was a major challenge in their businesses. How can you make a significant improvement to your benefits package without […]
Multi-Housing News Discusses Multifamily Trend Years ago, the Harvard Business Review reported that “Outsourcing is not just a trend; it is an integral part of how smart companies do business.” Whether or not outsourcing is a trend, multifamily operations are beginning to adopt outsourcing in a big way. As reported in last month’s Multi-Housing News, […]
