Blog Posts
10 Celebrities Who Got Divorced Because Of Cheating
The divorce news broke when the public made sense of why the 42-year old Oscar Award winner Ben Affleck filed for divorce from his lovely wife Jennifer Garner sometime in August 2015 after having three beautiful children and a decade of lengthy marriage. Although, Affleck denied rumors he was having an affair with the familys former nanny, Christine Ouzounian he was final about his decision of ending the love connection between him and Garner. Further the two have amicably decided to plan in dividing their fortunes and properties with the help of a private mediator. In the meantime, while the case is ongoing, both have settled in a similar expression of committing in co-parenting their three children and have been in a discussion of constantly spending time with the entire family for the sake of the kids.
Read more
New Data Highlights Importance of Apartment Industry
New data from the 2015 American Community Survey further emphasizes the importance of the apartment industry and the sensible housing options that apartments offer to millions of individuals, couples and families. NMHC/NAAs advocacy program, Apartments. We Live Here. has been recently updated with new demographic information. The new findings show that 38,791,276 or 12 percent of all Americans chose to live in apartments. These multifamily homes provide residents with a housing option that fits their unique needs. The Apartments. We Live Here. online resources provide a variety of key facts and figures about the industry and tools that residents can use to help better understand the economic contribution of an apartment community. As housing demand continues to rise, a growing apartment industry is key to providing Americans with flexible and sensible housing opportunities.
Read more
Apartment Industry Meets with Key Tax Writers
As the tax reform debate begins to heat up, NMHC/NAA are redoubling our efforts to reach policymakers on the key priorities for the industry. Most recently, Tom Moran, Chairman, Moran & Company, David Schwartz, CEO & Co-Chairman, Waterton Associates and Toby Bozzuto, President & CEO, The Bozzuto Group joined NMHC/NAA staff in a series of meetings with Ways and Means Committee Ranking Member Richard Neal (D-MA), Reps. Pat Tiberi (R-OH) and Erik Paulsen (R-MN) and senior tax staff for Speaker Paul Ryan (R-WI), Chairman Kevin Brady (R-TX), and Representatives Joe Crowley (D-NY), Jim Renacci (R-OH), and Peter Roskam (R-IL). The discussions focused on the House Republican Blueprint on tax reform released last June and the trade-offs between the plans proposals to lower pass-through tax rates to 25 percent and enable the immediate expensing of business investments (including multifamily buildings), while eliminating interest deductibility. Additionally, the industry leaders voiced their support for, like-kind exchanges, sensible cost recovery rules, investment incentives and retaining stepped-up basis for inherited assets. Given the importance of tax reform to the industry, NMHC/NAA would greatly benefit from and appreciate member input as we continue our advocacy efforts around the issue. NMHC staff are convening a joint Tax and Finance Committee meeting on January 24 at NMHCs Annual Meeting in San Diego to discuss the House Blueprint. Robert Schachat of Ernst & Young LLPs real estate tax practice will lead an open discussion among NMHC members on the Blueprint and its potential impact on the apartment industry. All NMHC members are strongly encouraged to attend. In preparation for that meeting, click here for a detailed memo on the key tax reform issues for the apartment industry.
Read more
Question A tenant has left a lot of personal property after vacating. How do I know if the value of the items left behind amount to 700
Answer: You can call a third-party appraiser. Alternatively, you can research what comparable items sell for in the community. Remember that it is replacement value, not the cost of purchasing a new item. Accordingly, online resources such as Craigslist can be used to help substantiate a value assigned to an item. Question: I served a 60-day notice to terminate tenancy, but they have failed to pay their rent. Can I now serve a three-day notice to pay rent or quit or will that invalidate the 60-day? Answer: As long as the notice to pay rent or quit does not demand rent for a period of time after the expiration of the 60-day notice, the three-day notice does not override the 60-day notice, and you can file the eviction as soon as the three-day notice expires. Question: I recently purchased a triplex, and the escrow will be closing in a couple of days. The tenants are currently on a month-to-month rental agreement. Do I have to wait until the end of the month or can I serve a 30-day notice as soon as I take possession of the property? Answer: You can serve a 30-day notice at any time during a month-to-month tenancy. You do not need to wait until the end of the month. You are also entitled to rent for the 30-day time period. If all of the tenants in the unit have been a resident for more than one year, a 60-day notice is required to be served. Kimball, Tirey & St. John LLP is a full service real estate law firm representing residential and commercial property owners and managers. This article is for general information purposes only. Laws may have changed since this article was published. Before acting, be sure to receive legal advice from our office. If you have questions, please contact your local KTS office. For contact information, please visit our website: www.kts-law.com. For past Legal Alerts, Questions & Answers, and Legal Articles, please consult the resource library section of our website.
Read more
Hello world
Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!
Read more
