Challenge Your Taxes: Homeowner's Guide to Reducing Property Taxes
- ISBN13: 9780471190653
- Condition: New
- Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!
How to save hundreds–even thousands–of dollars a year in property taxes You can't escape paying property taxes, but you can avoid paying more than you have to. This authoritative new guide explains how. Written by an experienced real estate counselor, Challenge Your Taxes helps you evaluate your property assessment and pinpoint any inaccuracies that, once amended, could dramatically reduce your tax bill. With proven guidelines and practical tips, you'll learn how to determine what your propert
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Filed under News by on Jan 16th, 2012. Comment. 
Property & Taxation: A Practical Guide to Saving Tax on Your Property Investments
There are numerous tax rules and regulations associated with real estate that you need to comply with and, if you get it wrong, the Tax Office could impose stiff penalties. Fortunately, help is at hand.In plain English, Property & Taxation explains just what your tax obligations are. Inside you'll learn:how property speculators and property investors are taxedwhich expenses are tax deductiblehow to calculate a capital gain and capital lossabout the tax issues associated with owning your main res
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Filed under News by on Dec 15th, 2011. Comment.
(PRWEB) April 18, 2011
Renowned manufacturer of luxury British sports cars, Aston Martin, has extended its brand license agreement to include international property developments. Enthusiasts are attracted to the distinctive Aston Martin style that has become iconic to the world of automotive design the key elements of which will now be applied to the new property concepts.
Power, beauty and soul are the 3 core elements that lie at the heart of the Aston Martin brand, and these same elements will be significant in placing Aston Martin branded developments at the height of the luxury property industry.
Aston Martin has an inherent beauty that stems from a basic requirement to be streamlined and aerodynamic. It is this design expertise, and an understanding of aesthetics combined with functionality, that will differentiate Aston Martin developments, says Alvaro Hidalgo of First Logic.
Each Aston Martin property development will be unique, tailored to suit a selection of first class leisure destinations such as Marina, Beach, Ski, Golf and Polo resorts. Key principles will remain present throughout all developments, as will a striking selection of build materials. The classical strength and elegance of the Aston Martin brand will dictate the property framework, which will be united with contemporary innovations to complete truly unique developments. The worldwide portfolio of Aston Martins luxury properties will include villas, apartments, residences, hotels, sports clubs and accompanying exclusive leisure facilities.
Those investing in an Aston Martin property development will be proud to be part of a new brand concept that assures absolute quality, care and craftsmanship. And the longterm rewards of investments in a top luxury brand include the benefit of faster sales, reduced risk and additional security.
About First Logic:
First Logic is an international property development consultancy that integrates focus and expertise to create one seamlessly driven project.
*Aston Martin and the Aston Martin logo are trademarks owned and licensed by Aston Martin Lagonda Limited. All rights reserved. Other product and company names mentioned herein may be trademarks or registered trademarks of their respective owners.
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Filed under News by on Dec 12th, 2011. Comment.
Property Management – What You Should Know
Article by Martin Sejas
Operation of residential, industrial or commercial real estate is what Property Management is. Handling the needed people, systems and processes to manage acquired properties which would include the control, acquisition, accountability, maintenance, disposition and utilization of it is what it would entail. This is what Property Management is defined as.
Some of the duties that are usually handled in Property Management would entail operating on the landlord's behalf and meeting the tenant to represent the landlord. In addition to that, a property manager would take on the duties of collecting rent, maintaining the real property, and serving as buffer between the tenant and client if this what the client would want.
Accounting and managing the finances of the real property and acting as the client's representative when dealing with contractors, insurance agencies and tenants are some of the responsibilities required of this profession. Issues with regards to litigation are also handled by the property manager, but are ideally dealt with an attorney with expertise in that area. This is why property managers normally have attorneys under them and since property managers most often deal with legal issues that would most commonly include non-payment, harassment, evictions, and other such occurrences that are commonplace in Property Management.
Property Management services will handle your real estate and they would work to maximize yours and their profit through a number of methods. Such services would also market your property and do thorough screenings on prospective tenants to mitigate the chances of a tenant being a problem in the future. This is most ideal for people who do foreign investing in real properties to make use of, since they will not be having easy access to properties they buy and will need representatives to handle it for them. These services would usually charge a fee of about 10% of rental income for your property. This is an affordable fee considering the time, worry and effort you are saved from.
Just be sure that the Property Management service agency you choose to hire are actually reliable and fulfill the requirements for this profession of the state or country your property is located at. Licensing is usually required in most countries, but requirements to practice Property Management vary from state to state and country to country. You will have to do your research first before actually entrusting one with your property, since you may very well lose much of your investment and may even get your property in trouble.
The Building Owners and Management Association or BOMA have prepared a list of designations that is industry-standard so as to certify the training in Property Management. Real Property Administrator or RPA and Facilities Management Administrator or FMA are a few of these titles used to certify a trained property manager. Verify that the individual or real estate agency you intend to hire for Property Management have these credentials so that there less likelihood that they be incompetent.
You can buy USA real estate today with assistance from experienced investors in the US real estate market. If you reside in Australia, contact the Real Estate In USA team through our website.
Filed under News by on Dec 5th, 2011. Comment.
Buying Real Property in Panama
Article by Steven Rich, MBA
The Difference between Titled and Rights of Possession Properties
There is a lot of confusion when foreigners look to buy real estate in Panama. That's because some sellers have actual "title" and others only sell their rights to "possess" a property. Moreover, deeds of title are different in Panama from the United States or Canada.
Let's clear up this confusion. Panama recognizes three different types of real properties: Titled, Rights of Possession, and Concessions.
1. TITLED PROPERTY
Titled property is similar to "fee-simple" title in the United States and is the most secure form of real property ownership in Panama. The Constitution of the Republic of Panama guarantees the right to own private property. Titled properties measured and properly recorded in Panama's Public Registry office verify one's real property "title". These verifiable, guaranteed rights allow banks to issue mortgage loans for titled properties by registering liens against one's title as collateral.
Purchasing titled property is simple by following these procedures:
a) Negotiation: If you are dealing through a real estate agent, make sure all of the terms and conditions are clear and in writing. Make sure that the written contract clearly sets forth the payment amounts and dates. If you are dealing directly with the seller, all terms should be clearly understood before hiring an attorney to prepare the written contract.
b) Promise to Purchase Contract: Instead of a Purchase & Sale Agreement (common in the United States), the buyer and seller initially sign a Promise to Purchase (the property) Contract. A small down payment when signing a written Promise to Purchase Contract secures the property while the buyer conducts a title search to verify the seller's ownership. In the meantime, the purchaser arranges for financing (if not paying fully in cash) and setting up a corporation (if applicable) to hold title. Register this contract at the Public Registry to prevent the seller from selling the property to another party prior to the Closing.
c) Title Search: Once you sign the Promise to Purchase Contract, you should hire a competent attorney to conduct an investigation of the seller's title at the Public Registry. The lawyer will also verify that the property is free and clear of any encumbrances, liens, and other issues affecting transfer of title. Title Search also includes reviewing the catastral survey map. In many cases, a professional surveyor will verify the map points on the property to avoid future boundary conflicts. Finally, have your lawyer verify the main utility debts (water & sewer) with the government agency providing them (IDAAN).
d) Buy-Sell Contract: Upon conclusion of the Title Search, the parties sign a formal Buy-Sell Contract (also known as Public Deed of Title Transfer). The escrow agent pays the seller's final balance and transfers title into the buyer's name. I highly recommend using an established Escrow company to protect both parties.
e) Title Transfer: This process is known as the "Closing" in the United States. Property ownership officially transfers to the buyer when both parties sign the Buy-Sell Contract (Public Deed of Title Transfer) and registers it with the Public Registry. If title is in a corporation's name and the buyer chooses to, the seller merely transfers the corporation's sharesto the buyer without transferring title. In order to facilitate the Closing by assuring the seller will be paid and the buyer will receive full Title; the attorney prepares a "Promise To Pay Letter" from a local bank. This letter guarantees full payment to the seller when the Title Transfer registers at the Public Registry.
Problem Solved: The "Promise To Pay Letter" solves a typical Closing problem. Sellers usually require full payment when they sign the Public Deed of Transfer prior to the actual registration of Title Transfer at the Public Registry. There have been instances when the seller received full payment, but the Deed was not registered (or the government rejected the deed). The buyer did not become the new owner because there was no record of the title transfer in the Public Registry. The "Promise To Pay Letter" guarantees payment to the seller by a local bank while assuring the buyer that payment is not made until actual transfer of title.
2. RIGHTS OF POSSESSION
This is similar to "squatter's rights". This is where government owned property is "occupied" by a Panamanian (or entity) over time. Possession rights granted to the squatter through a simple certification document issued by either municipal mayors, sheriffs, or other government agencies such as the Agricultural Reform Department (Reforma Agraria). There are no property taxes because the possessor does not own the property. However, any structures built on the property may incur municipal and/or national taxes if they are registered. Possession rights become titled by purchasing the property from the government. However, certain coastal areas, national parks, or islands are "protected properties" where the possessor can apply for an administrative "Concession" over the land guaranteeing use of it.
To acquire possession rights over a property, it is important to follow these steps:
1. Promise to Purchase Contract: Pay a small down payment at the signing of the Promise to Purchase Rights of Possession Contract securing the property and providing enough time for the due diligence. During this time, the buyer coordinates payment arrangements for the closing. Contracts for the purchase of Rights of Possession cannot be registered at the Public Registry; therefore, a public notary should authenticate them.
2. Due Diligence: Unlike titled property that is easily verifiable through the Public Registry, the due diligence procedures on Possession Rights property is more complex. Panama has no central database of Possession Rights properties. Therefore, buyers of Possession Rights should take extra precaution during the due diligence process. Generally, the extent of the due diligence investigation that one can realize on Possession Rights property is the following:
a. Verification of Certification of Rights of Possession: The Certification of Possession Rights validly issued from a competent government authority containing the possessors' name and correct description of the property in terms of location, size (area), limits, boundaries, and neighbors on all sides.
b. Verification of Survey: A survey stamped and signed by a professional, licensed, surveyor engineer. This identifies the possessors' name, location and reflects the same information in accordance with the Certification of Possession Rights.
c. Inspection: The main elements to verify are: physical occupation, no opposition by third persons, and good faith. Your surveyor identifies and marks the points of the property confirming these points with the neighbors to ensure that there are no futureboundary conflicts. This requires a physical inspection. In addition, the property should be marked and fenced, delineatingthe boundaries.
d. Permit Verification: In some cases, if the buyers' intentions are to build a certain type of structure or project on the Possession Rights property (for example, a marina, port, hotel, airstrip, etc.), it is necessary to verify if there are any national or municipal regulations prohibiting those activities in the area.
3. Buy-Sell Contract: After verification, the seller expects the final balance at the signing of the Buy-Sell Contract. If you use an escrow agent, payment of the final balance is made once the Possession Rights Certification transfers to the buyers' name. Contracts for the purchase of Rights of Possession cannot be registered at the Public Registry; therefore, a public notary should authenticate them.
4. Possession Rights Certification Transfer: The possession rights over the property officially transfers to the buyer in the Possession Rights Certification. This occurs immediately after each party signs the Buy-Sell Contract. If the possession rights are in a corporations' name, the buyer agrees to purchase the corporations' shares. Then there is no transfer of Possession Rights Certification, only a transfer of the corporation shares to the buyer.
3. CONCESSION PROPERTY
Concession property is similar to a land lease arrangement, common in Mexico or Hawaii. This is where the government grants a Concession to an individual or an entity for a specific purpose, such as a real estate development, hotel, or marina. Most Concessions in Panama are granted for a maximum of 20-year (renewable) periods. However, some Concessions are granted for up to 40 years (renewable) in specially designated areas such as the Amador Causeway where there are commercial and condominium developments currently being sold. Concession Property exists in special coastal or other governmentally protected areas where actual title is prohibited by law. In many cases, real estate developments on Concession properties offer investors time-share or fractional ownership arrangements, which are very common in Mexico and other resort-type coastal areas around the world. Unlike Possession Rights property, the government through a specific contractual agreement guarantees Concession property. Therefore, there is very little risk to the investor. Title insurance companies generally offer title policies for Concession properties.
ACQUIRING TITLE OVER POSSESSION PROPERTIES
"Titling Process" is the official administrative procedure to purchase Rights of Possession property from the Panamanian government. You are buying the property from the government and registering the Buy-Sell Contract with the Public Registry. Island properties cannot become "Titled" according to the Constitution of the Republic of Panama (only mainland can become titled). However, there are some titled Island properties registered before the Constitutional restrictions existed which can be sold. All beachfront titled properties require a 22 meter set back due to high tide.
TITLE INSURANCE
Even though Panamanian laws are setup to protect foreign investors, you should always take precautionary measures to insure your investment. I recommend Title Insurance for every property transaction. This is readily available in Panama through major international title insurers, such as LandAmerica Lawyers Title and Stewart Title. Title policy costs are minimal and the peace of mind is definitely worth the cost.
In Conclusion: Now that you have learned the different types of real property rights in Panama, you can take steps to protect your investments. Look for "titled" properties first. Make sure that you use a competent real estate lawyer to prepare your Promise to Purchase Contract, to conduct a thorough Title Search, and to prepare your Buy-Sell Contract. Hire a good Escrow company to ensure that all documents registered with the Public Registry before making final payment.
If you purchase Rights of Possession, hire a competent real estate lawyer to prepare your Promise to Purchase Rights of Possession Contract, conduct Due Diligence, and to prepare your Buy-Sell Contract. Hire a professional surveyor to verify all-important facts. Protect your original documents from loss because they will not be registered.
Obtain Concession rights for using government property whenever you can. Again, hire a knowledgeable real estate lawyer to prepare your contracts.
Finally, purchase Title Insurance to protect your investments.
With these precautions, you should be able to enjoy full rights of ownership or possession of your new real property purchases.
Steven Rich, MBA is the Marketing Manager for Panama Offshore Legal Services whose website is at:
http://www.panama-offshore-services.com
About the Author
Steven Rich, MBA is the Marketing Manager for Panama Offshore Legal Services at:
Filed under News by on Nov 24th, 2011. Comment.
The Permanent Tax Revolt: How the Property Tax Transformed American Politics
- ISBN13: 9780804758710
- Condition: New
- Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!
Tax cuts are such a pervasive feature of the American political landscape that the political establishment rarely questions them. Since 2001, Congress has abolished the tax on inherited wealth and passed a major income tax cut every year, including two of the three largest income tax cuts in American history despite a long drawn-out war and massive budget deficits. The Permanent Tax Revolt traces the origins of this anti-tax campaign to the 1970s, in particular, to the influence of grassroots ta
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Filed under News by on Oct 28th, 2011. Comment.
How to choose the right Property for Property Development
Experienced people who have performed property development in the past may have a fairly good idea of what would make a good investment. However, if you are new to the property development game you may wonder what to look for in a property that will make it more desirable for development. The wrong choice of a property may mean that you end up sinking time and money into something that will not be easy to resell. This consideration is especially important in today's real estate market when even the best properties that have been developed to their full potential are not selling quickly or for a reasonable price.
Always remember the basic principle of property development when searching for properties. That principle is to purchase properties for the least amount of money you can and sell them for the maximum profit possible. Note that this does not mean for as much money as possible. It is necessary to factor in what kind of a profit you can make on a property when you determine whether or not it is an ideal choice for you.
The following are some factors that you can use to tell whether a particular property is a good one to develop. They take into account many different factors. Some of these factors are external to the property and others are directly related to the real estate you are thinking about buying. By basing your purchasing decisions around these internal and external factors you will be able to make logical decisions that do not allow emotion to influence them.
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Needed renovations or improvements
You need to evaluate a property based on how much overhauling or renovation it will require. A property that needs a major overhaul will often not be as good a development choice as a property that requires minor alterations and updates. This is because it will also tie up valuable time where you will be responsible for making payments on your property. With every month your profit margins will decrease so it is important to choose properties that you can overhaul and then resell as quickly as possible.
The surrounding neighborhood
You need to also consider where a property is located when determining whether it is a good choice for property development. You want to make sure that a property is well-located and positioned in a neighborhood where people want to buy. You do need to remember, however, that what will make a good neighborhood for a residential property may not make it equally good for a commercial property. While you may be able to make a go out of a commercial property that is located in an otherwise residential neighborhood it may mean that again, your property will not sell as quickly.
By looking at internal and external factors that can affect a property's development potential you may find that you are able to choose prime development options quickly, easily and consistently and maximize the profits you are making on each and every deal.
Justin Trapp is a Licenced Property Broker who writes about topics concerning Property Investment and development in the USA, To find out more about him visit his website http://www.florida-property-direct.com
Article from articlesbase.com
Filed under News by on Oct 24th, 2011. Comment.
Leeds Property Management Inc
Contact Ben Leeds Property
In contrast to a relatively upper class or modern trend to ownership of multiple houses, much of human history shows the importance of multi-purpose houses. Thus the house long served as the traditional place of work (the original cottage industry site or "in-house" small-scale manufacturing workshop) or of commerce (featuring, for example, a ground floor "shop-front" shop or counter or office, with living space above). During the Industrial Revolution there was a separation of manufacturing and banking from the house, though to this day some shopkeepers continue (or have returned) to live "over the shop".
In other cities apartment building was almost solely restricted to public housing. Public housing in Australia was common in the larger cities, particularly in Melbourne (by the Housing Commission of Victoria) where a huge number of hi-rise housing commission flats were built between the 1950s and 1970s by successive governments as part of an urban renewal program. Areas affected included Fitzroy, Flemington, Collingwood, Carlton, Richmond and Prahran. Similar projects were run in Sydney's lower socio economic areas like Redfern.
Leeds Property Management Inc Manangement :Moving up from the bachelors/efficiencies are one-bedroom apartments, in which one bedroom is separate from the rest of the apartment. Then there are two-bedroom, three-bedroom, etc. apartments (Apartments with more than three bedrooms are rare). Small apartments often have only one entrance.
About Ben Leeds Property
Scottish tenements are constructed in terraces of tenements, and each entrance within a block is referred to as a close or stair — both referring to the shared passageway to the individual flats. Flights of stairs and landings are generally designated common areas, and residents traditionally took turns to sweep clean the floors, and in Aberdeen in particular, took turns to make use of shared laundry facilities in the "back green" (garden or yard). It is now more common for cleaning of the common ways to be contracted out through a managing agent or "factor".
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Filed under News by on Oct 20th, 2011. Comment.
Advantax Announces New Property Tax Training Webinar Series
Saint Charles, IL (Vocus) February 25, 2010
Advantax Group, LLC., a comprehensive property tax consulting and software firm, announced the launch of a new series of webinars as apart of expanding its property tax training programs. The webinars focus on helping corporations reduce their overall property tax liability. These new webinars will expand on topics such as functional and external obsolescence, personal property reverse audits, and effective strategies for handling real property appeals.
“In a down economy, companies must find ways to reduce expenses in all areas of their business, including taxes,” said David LeVan, Founder and CEO of Advantax. “These webinars are designed as resources for tax professionals to identify ways to reduce their property tax liability.”
The first of Advantax’s webinars is titled “Sure it still works, but what is it really worth?” and will present successful strategies for identifying and quantifying obsolescence as well as calculating the appropriate value reduction, a basis for lowering property taxes. This webinar will be held live, on March 23, 2010. More information regarding the content and registration can be found at http://www.Advantax.com.
About Advantax Group, LLC:
Advantax Group is a respected leader within the property tax industry because of its expertise, experience, and distinctive, personalized service. Advantax offers comprehensive property tax services across all 50 states including compliance outsourcing, consulting, and its proprietary PTR software package which helps corporations more effectively file and manage their real and personal property tax filings. Advantax is headquartered in St. Charles, IL. For more information about Advantax, please visit http://www.Advantax.com or call (630) 587-9700.
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Filed under News by on Oct 14th, 2011. Comment.
New Property Website for London – London2let.com
New Property Website for London – London2let.com
Property to rent in London
London, UK (PRWEB UK) 26 May 2011
This month sees the launch of london2let.com a brand new rental property search website, which makes finding accommodation within London easier and faster.
Property seekers can halve their time and energy looking for a property by finding thousands of properties from hundreds of letting agents on one site. The website is updated twice per day giving property seekers a true reflection of the property available to rent in the capital.
Flats to rent in London, houses, studios, Student accommodation and even flatshares, London2let.com really is a one stop shop.
“The complex nature of the city and the high demand for rental property convinced us that a London-specific website was required” said William Thomas – Compass Digital Media.
There has been a very good take-up rate in the first 2 weeks london2let.com has been live which is a sure sign of the quality and potential of the site. Compass Digital Media believe that the key to future success is a sound online presence; “The property industry is a highly competitive one when it comes to search engine optimisation. But we are confident we can achieve high traffic in the near future” said James Cunliffe – Compass Digital Media.
L2L believes that one of the main points that sets them apart from their competitors, is its sole focus on London. With specialist knowledge and useful information about each area, potential tenants are able to make a more informed decision when choosing where to live.
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Filed under News by Home Loan on Nov 4th, 2011. Comment.