Despite the fact we are over ten years into the new millennium, it feels as though much of the apartment industry is stuck in the 1950s. Property management, leasing and marketing generate loads of paper, and we’re reaching out to buyers and prospective tenants...
Unfortunately, the taxman gets you in the end. Upon the sale of your building, you are typically going to have to pay at least two kinds of taxes: recapture tax and capital gains tax. Recapture tax is the tax on the building’s original cost minus any underappreciated...
For those of us in the business, it is a very good time to be a part of the purpose-built rental apartment industry. Years of restrained supply and burgeoning demand for rental housing have created a perfect storm, making apartment buildings an excellent investment...
