February

February 17, 2015

New Tax Laws that affect Real Estate Investors and Landlords

The IRS has issued new guidance and regulations that will complicate your tax returns this year and will alter your decisions on how you operate your real estate investment properties.
February 9, 2015

Why real estate investment experts are worth paying for….

A Lexus mechanic was removing a cylinder head from the motor of a LS460 when he spotted a well-known cardiologist in his shop.  The cardiologist was there waiting for the service manager to come and take a look at his car when the mechanic shouted across the garage,  “Hey Doc, want to take a look at this?”  The cardiologist, a bit surprised walked over to where the mechanic was working.  The mechanic straightened up, wiped his hands on a rag and asked,  “So Doc, look at this engine. I opened it’s heart, took the valves out, repaired or replaced anything damaged, and then put everything back in, and when I finished, it worked just like new.  So how is it that I make $48,000 a year and you make $1.7M when you and I are doing basically the same  work?  The cardiologist paused, leaned over, and then whispered to the mechanic, […]
February 6, 2015

How to Hire a Property Manager Correctly…

Below is an unaltered, unedited email from Ken Anderson, a Client of Polaris Property Management.  Enjoy.} On Feb 4, 2015 7:08 PM, “Daniel Baldini” <dbaldini@polarisbrokers.com> wrote: Hey Ken, I need a favor from you, please. You have a unique situation as a landlord whereby you switched from an owner to landlord with a management guy, fired him, and hired us. I’d like to have your first-hand observations of the differences between the guy you used to use and your experience with Polaris. Would you be willing to type out your thoughts (even if simple, run of the spout stuff without editing) so we can help others understand why they should consider hiring us in the future? It would mean a lot to have it in your words, in your ideas… Dan Baldini, MBA (Ken’s response….) Sure. Here you go.. To whom it may concern, In the fall of 2013 I […]
February 3, 2015

How to Maximize your Rental Revenue from real estate

Each landlord we work with has a unique problem—filling their rental vacancy.  On the surface, It may seem like a unique problem to only this industry.  But when you apply business topology, the problem becomes quite common. In fact, there are at least 3 other industries who have almost the exact same problem. Unsold inventory. Billboards, hotels, and airlines all HATE unsold inventory because the moment when time passes, it is utterly worthless. As soon as the date changes on a hotel room with vacancies, that hotel cannot make up the lost profit.  Same with the radio station with unsold advertising slots for radio commercials. Same for airliners that taxi and take off with seats missing rear ends sitting in them. Same for landlords. Which is why we are a strong proponent of aggressive and early marketing of properties with vacancies coming up soon.  Think about the math here…. If you rent a […]