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NAR: Consumers almost giddy - but renters wary of buying

03/15/17

WASHINGTON – March 15, 2017 – Multiple years of uninterrupted job gains and hope that the best replica bags website www.obagh.comis yet to come in 2017 are igniting consumer confidence across the country, and especially in rural and middle America, according to a new consumer survey from the National Association of Realtors® (NAR). The survey also found a growing disparity among renters who think it's a good time to buy and homeowners who think it's a good time to sell.

In NAR's ongoing quarterly Housing Opportunities

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10 rental property tax deductions landlords love

03/13/17

NEW YORK – March 13, 2017 – Whether you rent out a place or room to a tenant full time or just for a few weeks while you're away on vacation, you already know it's a great way to make money. But did you know it can also save you cash at tax time? That's right, being even a part-time landlord comes with tons of rental property tax deductions you'll want to take advantage of. Pass them up, and you're essentially throwing wads of moolah out the window.

"You could be losing hundreds, if not thousands, of dollars in deductions," says St. Petersburg, Florida Realtor Lisa Cahill, a CPA and former tax manager.

One caveat, though: If you rent out part or all of your primary residence to others for fewer than 15 days out of the year, you can't deduct any expenses. But on the other hand, you don't have to report the money as rental income (meaning it's tax-free).

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2017 legislative priority: Cut the business rent tax

02/27/17

TALLAHASSEE, Fla. – Feb. 27, 2017 – It costs jobs. It limits a business's growth potential. panerai replica watches It discourages people from starting small businesses. It leaves holes in communities as commercial space sits empty. These, and many more comments just like them, abound when you ask Realtors® about the business rent tax.

"I have been involved in multiple deals that simply fell apart once the client started factoring in the extra cost of the business rent tax," says Edward Redlich, a commercial Realtor based out of Miami.

So, what exactly is the business rent tax and why is Florida Realtors fighting to reduce it?

Florida charges a six percent sales tax on businesses that rent commercial space. Additionally, municipalities and local governments

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Real estate investing: Who they are, where they buy

02/23/17

IRVINE, Calif. – Feb. 23, 2017 – Who is buying homes? A study by ATTOM and Clear Capital, "Landlord Land," analyzes the "who." It's a deeper look at the recent real estate boom that has seen home prices flirt with all-time highs even as the national homeownership rate remains near its 50-year low.

"Though prices in several markets are nearing pre-bust levels, the composition of both the supply and demand of today's real estate market is starkly different than a decade ago," says Alex Villacorta, Ph.D., vice president of research and analytics at Clear Capital.

Unlike earlier housing recoveries, investors are a higher percentage of today's buyers. A 

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U.S. foreclosures drop to 9-year low

02/02/17

IRVINE, Calif. – Feb. 2, 2017 – In 2016, distressed sales hit a nine-year low, according to ATTOM Data Solutions latest report. In the U.S., 16.2 percent of single-family home and condo sales were distressed sales – bank-owned sales, short sales or foreclosure auctions sold to third-party buyers – down from 18.8 percent of all sales in 2015.

  • Bank-owned (REO) sales hit a 10-year low, accounting for 8.0 percent of all sales in 2016, down from 10.0 percent in 2015.
  • Short sales – homes that sold for less than the combined amount of loans secured by the property – hit an eight-year low, and accounted for 5.5 percent of all 2016 home sales, down from 6.0 percent in 2015.
  • Foreclosure auction sales (trustee's sales or sheriff's sales) sold to third-party investors (not including those going back to the foreclosing lender) hit a nine-year low, and accounted fo

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State Property Management LLC's goal is to keep you and your tenants informed regarding all matters related to your property. Managers are avail able to answer any questions you may have about your rental property. Our goal is to keep you as informed as needed using any medium. Our mangers are available by phone email or fax to help keep you informed.