Property Management News

In order to qualify for opportunity zone tax benefits, an investor must reinvest capital gains into a qualified opportunity zone (QOZ) eligible investment vehicle within 180 days after recognizing the gain. One hundred eighty days may seem straightforward, but it's important for investors to know that it might not be if your gains are from the sale of Section 1231 property. What Is Section 1231 Property?Section 1231 applies to depreciable property used in a trade or business that has been held for at least one year. A sale or exchange of property held mainly for sale to customers wouldn’t qualify for a Section 1231 gain. In order words, if you can get your investment in the property...Read more >

Written by Lauren Lieb, InsuranceHub Property owners and managers are often veterans when dealing with insurance, so chances are you are familiar with the coverages you need. It comes with the territory. You understand the risks you face, and you know how insurance can protect you. But there is more to it than just having the correct coverage.You must also ask yourself if you are setting yourself up to be in the best possible insurance situation – especially if you are insuring an “older” building. (By insurance terms, “older” typically means that the property was built more than 20 years ago.)Here are a few ways you can improve your insurance situation as a...Read more >