Property Management News

Many of us take time at the beginning of each year to improve ourselves by establishing new goals and directions. These resolutions often involve trying to improve our health, better ourselves through education, make better use of our time, or just spending more time with the people we care about. While many times we slide back to our old comfort zone, the effort to change and improve is part of being a responsible adult. If you are a landlord, you should also consider making some improvements. A responsible landlord can and should look at is improving the management of their rentals. This improvement could not only improve your bottom line, it could also improve the lives of your customers... Read more

By: Estate Planning Attorney Kenneth A. Ziskin If you want to protect your loved ones from estate and gift taxes that currently run at 40% after you have used your lifetime exclusion, a Home Security Trust (“HST”) strategy can provide a great solution. It will usually work better than an older strategy, the Qualified Personal Residence Trust (“QPRT”). Most investors can implement an HST strategy without property tax reassessment, get all or most of the value of the home out of their estates, and still arrange for a step-up in basis to save capital gains taxes for their heirs. If the house is sold during the grantor’s life, the grantor will normally also be able... Read more