Commercial Real Estate Tax

  Remote work is nothing new. Many employees had occasionally been telecommuting from home or clients’ offices long before the COVID-19 turned Zoom meetings and Slack messages into the norm rather than the exception. However, despite the vaccine rollout, employees are not rushing to get back into the office. Remote work is here to stay   The   majority of employees  wish to keep working from home at least part-time in the future. They appreciate the lack of commute, flexibility, and better work-life balance that remote work provided in the past year. Work-from-home was a success for companies as well, with the   productivity of their employees  remaining stable or even increasing during the pandemic. Major companies, such as Facebook or Amazon, are switching to a fully remote or hybrid model for the foreseeable future. According to an   Upwork survey , as much as 22% of the American workforce could be fully remote by 2022 – not including employees foll...

  When people often hear that someone is a real estate agent, one thing comes to mind: they must have lots of money! It’s true that the profession can be rewarding in many ways. There are people whose lifestyle fits like a glove with the call of being a real estate agent. But it’s not all sales and profit all the time. Real estate agents can succeed and fail at their job. Before anything else, you need to look out for signs that can lead to career failure. Below we’ll give you some insights on what can affect your career as a real estate agent. Know the struggles and challenges agents face. Find out how to avoid the path to failure so you can steer yourself in the right direction. Why Do Some Real Estate Agents Fail atTheir Jobs? Like any job out there, you’ll find real estate agents that fail in the business. But don’t let this discourage you from trying it out. Being aware of the reasons why failures happen can help reduce the chance of you landing on the same fate. 1.Engaging in...

Commercial real estate finance does not require an advanced degree from an Ivy League school, but it’s a very complex process.  In any given situation, there are many opportunities and pitfalls. Owners choosing to structure a loan themselves or work with a professional involves considering trade offs of time, money and, especially, risk. To get the best result, specialized insight is ESSENTIAL. Here is a look at the seven key steps required to put together a deal. (we will go into more detail concerning each step in future blog posts) Assemble Complete Financial Data a. Organizing and preparing financial data is the first step in obtaining a commercial real estate (CRE) loan. This will require financial data both about the property (assuming it is an income property) and the sponsor. Sponsor is the term used by lenders to describe the person who is responsible for the property. Put Together a Pitch book a. A pitch book is the jargon used to describe the property package, which is n...

  Since Covid-19 began, real estate experts have seen major changes in business and execution of contracts. At present, some cities and states have  paused transactions for real estate . Apart from that, market prices are being monitored as there is a difference in views as to how real estate pricing will fare during the pandemic. Some are expecting a downturn, while others feel that there will be minimal effects on  how commercial real estate is priced  down the line. With that said, this is how Enriched Real Estate views the movement of real estate values in the era of the pandemic. How Real Estate Reacts to Major Financial Fallouts In the Covid-19 era, how can we understand “value” to make wise investment decisions both now and in the future? Will those decisions be based on the “old paradigm” or the new, unknown post Covid-19 paradigm? Following are material factors to consider: Real estate experts around the world are attempting to understand the impact Covid-19...