Property Management News

Short-Term Capital Gains: Definition,...

What Is a Short-Term Gain? A short-term gain is a profit realized from the sale of personal or investment property, a capital asset, that has been held for one year or less. These gains are taxed as ordinary income, which is your personal income tax rate. KEY TAKEAWAYS A short-term gain is a profit realized from the sale of personal or investment property that has been held for one year or less. The amount of the short-term gain is the difference between the basis of the capital asset, the purchase price, and the sale price received.  Short-term gains are taxed at the taxpayer's top marginal tax rate or regular income tax bracket, which can range from 10% to... Read more

The president is proposing funds to increase tax credits, support construction of affordable housing and reduce homelessness. President Joe Biden on Monday proposed...

If you own rental real estate, you should be aware of your federal tax responsibilities. All rental income must be reported on your tax return, and in general the...

A landlord can increase rent by up to a certain percentage or amount specified by local rent control laws. Rent increases are subject to local rent control laws which...

According to the Garn-St. Germain Depository Institutions Act of 1982, a mortgage lender may not exercise its option pursuant to a due-on-sale clause  for...

What Is a K1 For a Multifamily Investor?

Taxes are perhaps one of the most boring and painful of all topics that one can choose to discuss. That is unless you are a real estate investor! The ability of real estate to provide artificial loses to investors allows them to save tremendously on their taxes each year. How are these losses captured and recorded? The answer to this question is a form commonly known as a K1. What is K1? In the world of taxes, each tax paying entity, rather that be an individual or a business, has a number which identifies them. Although collectively called a tax identification number (TIN), it is commonly broken down to the social security number (SSN) for the individual or an employer... Read more

The source of income law is in limbo now because on June 27, 2023, a Cortland County Supreme Court judge ruled that the law is unconstitutional to the extent that it...

The California Apartment Association urged the court to hear a major property-rights challenge to tenant protections in NYC The Supreme Court on Tuesday declined to...

Third, fourth, fifth bedrooms would be exempt from floor-area calculations. Los Angeles has introduced a bonus incentive to spur developers to build larger apartments...

Wealthy baby boomers seeking to wash their hands of active property management in favor of passive investment opportunities are increasingly turning to a...