Patrick Oconnor

Visit the Apartments

Now it is time to visit the apartments. You may want to call and make an appointment with the leasing agent. If you make an appointment, it is less likely you will have to wait when you arrive at the property. Consider preparing a map which shows the location at each of the properties. This will reduce the amount of time and driving to viait the properties. Before going to the office, drive around the perimeter and drive... (posted by Patrick 289 days 17 hours ago.)

Preparing for Binding Arbitration

For many homeowners, the property tax appeal process can seem too difficult and therefore only about 8% appeal even though 70% of those who do appeal are successful. Most homeowners also do not realize that their appeal can be resolved at the informal hearing. Here are some tips on attending an informal hearing for property tax appeals: Before you attend the hearing it is important to make sure you are prepared... (posted by Patrick 306 days 15 hours ago.)

Leasing Retail Space - Preparing Your Space

When do You Start Paying for Retail Space Tenants are generally provided time to prepare the retail space for occupancy prior to the date when they must begin paying rent. However, in hot markets and for some very desirable properties or spaces, landlords will be able to require that tenants pay for retail space beginning at the time the lease is executed. In such cases, it is possible the tenant may pay... (posted by Patrick 317 days 18 hours ago.)

Leasing Office Space – Part 8 of 23 Renewal Rates and Amenities

Rental Rate Options Rental rate options include: gross, gross plus expense escalation, modified gross, and triple net. A gross lease simply has a rental rate and no allowance or adjustments for expenses. Gross plus escalations includes a base level of rent and expenses in excess of a defined level. The defined level is often the expenses for the year the lease is signed. In a modified... (posted by Patrick 326 days 12 hours ago.)

Commercial Real Estate Appraisal Cost Approach

The cost approach was historically prepared as a part of most commercial real estate appraisals. However, the compunction to include the cost approach (when it was not relevant) has dissipated over the last 20 years. The principle of substitution is the technical basis for employing the cost approach. According to the principal of substitution, a prudent buyer would not pay more than the cost to build a... (posted by Patrick 334 days 12 hours ago.)

Cost Segregation - Tax Deductions

By understanding business tax deductions, business owners may enjoy personal benefits from business expenditures - a nice car to drive, a combination business trip/vacation, retirement savings plan - if they follow the myriad tax rules. The tax code allows deductions from gross income, which reduce income taxes. Increasing tax deductions reduces taxable income and income taxes. Therefore, knowing how to maximize your... (posted by Patrick 363 days 13 hours ago.)