Browsing the archives for the Multi-Family Property category.

The New 3.8% Tax Rate

City of Dallas, Economic Outlook, Governmental Affairs, Investors, Lakewood, Multi-Family Property, Property Management, Real Estate, Real Estate Finance, Resources

Here is a report by the National Association of Realtors that explains the New 3.8% Tax Rate. When the legislation becomes effective in 2013, it may impose a 3.8% tax on some (but not all) income from interest, dividends, rents (less expenses) and capital gains (less capital losses). The tax will fall only on individuals with an adjusted gross income (AGI) above $200,000 and couples filing a joint return with more than $250,000 AGI.

To get you up to speed on the new tax legislation, the National Association of Realtors has prepared an informational resource. Click HERE to read.

As always, feel free to contact me with questions. You can also find more info on my website: www.CampagnaHomeSales.com

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Dare to Soar! NARPM 2011 Opening Day

East Dallas, Home Maintenance, Investors, Multi-Family Property, Property Management, Real Estate, Real Estate Finance

It was great to see so many of our Dallas Chapter Members at the opening of the Convention today. There is some great programming scheduled for the rest of this week. And there is still plenty of room and an opportunity for you to register on site. Below is the link for Thursday and Friday’s Schedule.

http://www.narpm.org/conferences/annual-convention-trade-show/schedule.htm

Today’s Business Leader Development was fantastic! We got a dose of Disney, from Dennis Snow who shared his lessons from the Mouse. It was an excellent seminar focusing on the development of world class customer service. By creating a positive powerful experience in which your customers/clients feel valued, you can cultivate intense customer loyalty.

After a brief get together in our hospitality room – #726 – we all headed to the Opening Session. Our Keynote speaker, Linda Larson, challenged us all to elevate our thinking, visualize positive opportunities and improve our communication skills – and improve out bottom line.

It’s now a little after 9pm and I can promise you several of our Chapter Members are still at Chaucer’s off of Beltline in Addison, watching the game and entertaning our Property Management friends.

The Trade Show is now open and tomorrow morning you can stop in and grab breakfast with the exhibitors 7.15am – 8.45am.

At 9.00 am, Dr. Mark Dotzour, from Texas A&M University, will be there tomorrow morning to give us an update on our current economic environment and how it will impact our business. Following the Economic Forecast, it is your choice of open workshop sessions.

If you are a Dallas NARPM member, you should definitely come out for the day. It is money well spent on your business development.

 

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Apartments are “IN” In Austin

Multi-Family Property, Property Management, Real Estate

According to a report in the AUSTIN (Austin American Statesman), apartments are “IN”.  With occupancy rates hitting 96 percent and rental rates also hitting record highs, developers are looking to get on the Austin apartment bandwagon.

Multiple new complexes are being built. Here is a list of the complexes coming the capitol city’s way.

• 201-unit Wildflower Terrace 
• 302-unit University Park
• 301-unit Mueller Phase II
• 150-unit M Station
• 262-unit Corazon
• 300-unit RiverView
• 230-unit Lakeshore Apartments
• 1,200-unit South Shore District
• 215-unit The District at SoCo
• 318-unit Lamar and Manchaca apartments
• 298-unit Post South Lamar
• 210-unit Gables Park Plaza II
• 334-unit HPI Residential-Davis Springs
• 325-unit HPI Residential-Lakeline
• 244-unit Camden Amber Oaks, second phase
• 296-unit Colonial Grand at Double Creek

All of the complexes are either under construction or planned.

See the Austin American-Statesman for a map of the developments

While some residents have complained that rents are too high and that new development will only increase the rental rates, a few property owners have pointed out that the increase in rental rates barely keeps up with the continuing increase in taxes and maintenance costs.  The article notes the development boom is driven by demand and that it will be 18 – 24 months before many of these new apartment units are available and online.   As a former resident of Austin, I am looking forward to seeing the new development happen.

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Safe Complex Symposium

City of Dallas, Investors, Lakewood, Multi-Family Property, Neighborhood Events, Property Management, Resources

Now whether I agree with City of Dallas  on what is essentially a TAX on multi-family property, or not ….. As a property manager and REALTOR, I am responsible for educating investors on their responsibilities as landlords and property owners.  So Mark your Calendars!

Just a reminder:   SAFE COMPLEX SYMPOSIUM

Tuesday, May 10th, 2011

9:00 a.m. to 12:00 p.m

Location

Fair Park Music Hall

909 1st Street

Dallas, TX 75210

All owners (or representatives) of multi-tenant structures within the City of Dallas are required to register their properties annually and to attend the annual symposium.

For Additional information and to save time:

Register Online at

** Please note that ALL outstanding balances / fees must be paid on or before the date of this event.  Please contact the Revenue and Collections Team at (214) 670-5708 to find out if your property has any registration or invoice fees.

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