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Income Tax Savings: Take Advantage of Bonus Depreciation

Income Tax Savings: Take Advantage of Bonus Depreciation

The new tax law allows Bonus Depreciation on used equipment and equipment affiliated with residential rental real estate providing significant tax benefits for investors who purchase or place-in-service buildings and building components after September 27, 2017, according to  Tom Wheelwright, CPA (https://wealthability.com/tom/). Investment real estate has 4 components: Land –  not depreciable, Building  –  depreciated […]

Baltimore City Rental Property License and Registration – How to Register

Baltimore City Rental Property License and Registration – How to Register

Baltimore City implemented a new registration system for registering rent property, vacant property, and vacant lots.  In the past, forms and payment could be submitted by mail or by hand delivering the paper work to the One-Stop Permit Office on Fayette Street.  This year, all registration is required to be done on-line and all payments […]

Maryland Ground Rents

Maryland Ground Rents

Property Owners Have Little to Fear From Maryland Ground Rent Title to real property in Maryland is either “in fee simple“; meaning there is no ground rent, or “subject to a ground rent” in which case it is known as “leasehold property.” Ground rents originated in Maryland when ownership of land was concentrated among the […]

Maryland Ground Rent Redemption Rates

Maryland Ground Rent Redemption Rates

Ground Rents are unique to the Baltimore Real Estate Market and oftentimes seem mysterious and confusing to clients from other areas of the country. Simply, a Ground Rent is a fee, usually paid twice per year, that is paid to an investor who owns the ground under the property.  Grounds rents are 99-year leases that automatically […]

New Tax Law Affects Apartment Property Owners

New Tax Law Affects Apartment Property Owners

Congress and the President gave the country a huge Christmas present with the signing of the “Tax Cuts and Jobs Act” on December 22, 2017.  We have all heard varying accounts about this new tax law; but what is the impact for rental property, apartment property, and commercial-investment real estate owners and managers? Our models […]