1031 Exchange Series: Part 4 – Rules, Restrictions, and Pitfalls of 1031 Exchanges
Part 4: Rules, Restrictions, and Pitfalls of 1031 Exchanges Key Rules and Restrictions Like-Kind Property: The replacement property must be similar in nature to the relinquished property. For real estate, virtually all types of investment properties qualify as like-kind. 45-Day Identification Period: You must identify address specific potential replacement properties within 45 days of selling […]
1031 Exchange Series: Part 3 – Reverse and Construction 1031 Exchanges
Part 3: Reverse and Construction 1031 Exchanges Reverse 1031 Exchanges In a reverse exchange, you purchase the replacement property before selling your existing property. This type of exchange is more complex and requires careful planning and execution. Process of a Reverse Exchange Acquire Replacement Property: The new property is acquired first. This is done through […]
1031 Exchanges: Process and Benefits of Delayed 1031
Part 2: Delayed 1031 Exchanges: Process and Benefits What is a Delayed Exchange? A delayed exchange is the most common type of 1031 exchange. It involves selling your current property first, then purchasing a new like-kind property within specific time frames. This method offers flexibility and is accessible to most investors. Step-by-Step Process Sale of […]
1031 Exchange Series: Introduction to 1031 Exchanges
What is a 1031 Exchange? A 1031 exchange, named after Section 1031 of the Internal Revenue Code (IRC), allows real estate investors to defer paying capital gains taxes when they sell an investment property and reinvest the proceeds into a similar (“like-kind”) property. This powerful tax-deferral strategy can help investors build wealth by keeping more […]
SVN Latus Winner in CPBJ Reader Rankings 2024
Thank you to the Central Penn Business Journal readership, who voted for us in the recent Reader Rankings! We are honored to be among the winners for 2024! Congrats to all of our fellow winners! See the full list here: https://www.cpbj.com/reader-rankings/2024-reader-rankings/#// SVN Latus is been a commercial real estate firm in Camp Hill, PA serving the […]
Commercial Property Management: Navigating the Accounting and Bookkeeping Landscape
Property management involves a myriad of responsibilities, from maintaining properties to ensuring tenant satisfaction. Among these crucial tasks, accounting and bookkeeping stand out as fundamental pillars. Efficient financial management not only ensures the smooth operation of properties but also fosters transparency and accountability. In this article, we delve into the accounting and bookkeeping side of […]
Commercial Property Management: The Vital Role of Ongoing Maintenance
Commercial property management entails more than just collecting rent and handling tenant concerns. It encompasses a plethora of responsibilities, with ongoing maintenance standing out as one of the most critical aspects. Effective maintenance not only ensures the safety and functionality of the property but also preserves its value and enhances tenant satisfaction. In this article, […]
Commercial Real Estate Summer Internship Opportunity – June-August 2024
Are you a college junior, senior or recent graduate interested in commercial real estate? Apply for our Summer Internship for an opportunity to experience the day-to-day of being a commercial real estate agent. The internship will be primarily in the Camp Hill, PA area. Part-time weekday hours with many opportunities for first-hand experience in the […]
Commercial Property Management: Navigating Common Area Maintenance (CAM)
Commercial property management is a multifaceted endeavor that involves a plethora of responsibilities, from tenant relations to financial management. Among the many crucial aspects of managing commercial properties, Common Area Maintenance (CAM) holds a significant position. CAM expenses are a fundamental component of multi-tenant leases for commercial properties, playing a pivotal role in maintaining the […]
Land Development Series: Step 9
Ongoing Maintance and Property Management Ongoing maintenance and property management are crucial aspects of ensuring the long-term value and functionality of a commercial property. As a commercial developer, it’s essential to have a well-thought-out strategy to address these aspects efficiently. Here’s a breakdown of ongoing maintenance and property management: Ongoing Maintenance: Regular Inspections: Schedule regular […]
