Gutter/Downspout/Grading ● Gutter Guiding rain and storm water off the roof and away from the foundation of the house— is essential to the home’s structural well being. That is, when the gutter is not kept clean and free from debris, pounding water along the foundation line erodes the soil and can seep down along the foundation, increasing the risk of basement leaks and structural...

What One Home Sale Tells Us About San Francisco’s Comeback. • A CONTEMPORARY HOUSE on San Francisco’s Russian Hill has sold for its full asking price of $24 million, property records show. The six-bedroom home went into contract a week after going on the market, said local MLS. • The speedy sale is a far cry from the last time the house went on the market, for $19.995 million in 2022. That...

How much do Real Estate Professionals earn Service Fees ? 1. Real Estate Brokerage Fee ● Commission is success-based fee - Report as Self-employee Income by 1099 - If sales contract is breached by seller or buyer? ( NJ Standard sales contract; item 27) ● When is RE commission earned? - Bring the parties together in a real estate transaction - Equitable Lien to the property ( NJ Standard Sales...

Office Demand Sees Biggest Rebound Since Pandemic. • The ”Office Demand Index (ODI)”—which tracks new in-person and virtual office tours—reached 79 points in the first quarter. This is an 18% increase from the previous quarter and a 13% increase compared to the same period last year, marking the highest level since the pandemic began – Impacted by AI, Finance, and Culture Industry...

Why are NJ home prices keeping up ? * Opening ● New Jersey's real estate market has significantly outperformed the national average over the last year, with prices rising approximately 5.4% to 7% while the national growth stalled at roughly 0.9%. ● This "NJ anomaly" is driven by a unique combination of extreme supply shortages and persistent demand from high-wage commuters. Here is an analysis of...

New Dedicated Agency Established to Prevent Real Estate Fraud. • New York City Mayor Eric Adams has established a dedicated agency to strengthen the response to home ownership fraud. On the 24th, Mayor Adams announced the creation of the city's first Office of Deed Theft Prevention (ODTP) under the Department of Finance (DOF). • The agency will be tasked with monitoring "deed theft"—real...

Tax Saving Strategy: Cost Segregation & Bonus Depreciation 1. Real Estate Depreciation ​Depreciation is a "phantom expense." The IRS assumes that buildings wear out, decay, or become obsolete over time. Therefore, they allow you to deduct a portion of the building's value from your income every year, even if the property is actually increasing in market value. ​The Calculation: You cannot...

NYC Developers Are Suddenly Obsessed With the Number 99. A city government program that was enacted in 2024 offers a tax exemption to developers of most apartment buildings that have fewer than 100 units and include some affordable housing. Anyone building bigger than that has to abide by stricter requirements to get the same tax break. They have to pay construction workers at least $40 an hour, or...

Tax Saving Strategy: REPS REPS: Real Estate Professional Status 1. The Core Benefit: Deducting Rental Losses against Ordinary Income - Normally, the IRS considers rental activities as "passive," meaning you can only use rental losses to offset other passive income. However, with REPS, your rental activities are treated as "non-passive." ● Key Advantage: You can use rental losses (often "paper...

New Jersey Home Price Growth Ranks #1 in the Nation • Compared to the national average home price growth of 0.5% during the same period, home prices up 6% compared to last year Driven by influx from New York City and limited supply. While the national housing market is generally slowing down, New Jersey's home price growth has emerged as the most prominent in the country. • The 'Spillover'...