Wednesday, October 5, 2016

The Hurricane just left, what do I do next?

Having clear, actionable plans in place before a hurricane strikes can help your organization minimize damage to people and property and recover as quickly as possible.  Stay safe and protect your property as much as you can.

For Hurricane information visit the National Hurricane Center to stay up to date. Keep your business, your employees, and your families safe.

10/05/2016 @ 2:30 PM

Once the wind and rain have passed, you have checked on your loved one, then you look around.  Please remember to document your damage.  It may help with your property tax appeal and especially you potential insurance claim.  

Things you should take photos of if present include: flooding, broken windows, damaged items (especially if in water) for insurance, roof damage, exterior shots from front and back of the house.

Please remember to document the damage as much as possible and most important, STAY SAFE.  We have not had a significant storm in this area for over a decade.  do not take this storm for granted.  It is better to be over prepared.

Real Estate Taxes Are The American Dream for Donald Trump

Along with the joy of making money with rental properties, regardless of inflation, tax laws permit a building to be considered a depreciating deductible expense on your federal income taxes.

The more your property is worth, the higher your net worth and the more taxes will be charged.  Fortunately, together with other real estate expenses, they are deductible.  

Then with a proper presentation before the Value Adjustment Board, the local taxing authority may even write you a tax refund check, once you explain that your property assessment is too high.

Take advantage of what the law allows.  Filing a property tax appeal is a right afforded to every taxpayer.

The truth is, odds are in your favor in obtaining least a partial victory.

This is truly a win-win situation.

For more information on the topic you can read the story in the Real Deal story: 

How to (not) pay taxes like a developer.  Which we were referenced in.