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John T. Reed’s real estate investment blog

Wall Street Journal gets in wrong on Trump tax laws

Posted by John Reed on

This Trump tax stuff is maddening. Today’s Wall Street Journal has an article written by John D. McKinnon and Laura Sanders. (“Tax Benefits Flow to Rela Estate”) My strong impression is they are either dishonest or incompetent or both.It says,“Racking up huge losses…isn’t that tough…thanks to the considerable benefits of the U.S. tax code confers [on] the highest levels of the real estate world…”I have no idea what they are talking about and I wrote Aggressive Tax Avoidance for Real Estate Investors, 19th edition. http://www.johntreed.com/…/aggressive-tax-avoidance-for-rea…First off losses just means spending more than you take in. You do not need the...

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Index for How to Manage Residential Property for Maximum Cash Flow and Resale Value, 7th edition

Posted by John Reed on

Index Symbols 000  82 $1 million insurance policy  74 $10  82 A abandoned vehicle  104 abandonment  104, 117, 230, 234 abbreviation  55 absence problem  20, 106, 117, 187, 188, 217, 235 absentee landlord  74 Absentee landlord  163 absentee managers/owners  124, 215, 216, 217, 218 accidental damage  74 Accredited Adviser in Insurance (AAI)  206 Accredited Resident Manager Profile  176 acknowledgment of notice  75, 76 actual cash value  201, 205 address correction requested  231 administrative hours  177 advertising  20, 21, 22, 24, 37, 53, 54, 55, 56, 57, 60, 62, 63, 64, 72, 75, 89, 90, 97, 98, 103, 111, 117, 130,...

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Table of Contents for How To Manage Residential Property for Maximum Cash Flow and Resale Value, 7th edition

Posted by John Reed on

 Contents  1 Overview 1 Part 1 Leasing  2 Setting rents 9  3 Signs of low rents 27  4 Excuses for not raising rents 33  5 Advertising 53  6 Leasing 65  7 Processing move-outs and move-ins 75 Part 2 Other income  8 Cash management 81  9 Laundry income 83 10 Garages 89 11 Forfeited security deposits 93 12 Other income 97 Part 3 Policies 13 Policies 101 14 The Lease 109 Part 4 Expenses 15 Expenses 119 16 Property taxes 123 17 Electricity 127 18 Lights 133 19 Appliances 139 20 Separate meters 145 21 Gas 151 22 Heating oil...

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Changes from the 6th to the 7th editions of How To Manage Residential Property for Maximum Cash Flow and Resale Value

Posted by John Reed on

Changes and improvements to the seventh edition When we sell out of a book, I read it to see if it needs to be changed or can just be reprinted as is. When we sold out of the sixth edition of How to Manage Residential Property For Maximum Cash Flow and Resale Value, I read it and decided we needed a new edition. Improvements in the seventh edition compared to the sixth edition: How to deal with the recent push to raise the minimum wage in real terms HUD prohibition against rejecting a prospective tenant because of a criminal conviction...

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Trump was right to say the 2008 real estate crash would be a good thing for real estat investors

Posted by John Reed on

Hillary made a commercial depicting Trump as a monster because he said he wanted the 2008 real estate crash because it would be an opportunity to make money.He did not and could not cause the crash or even contribute to it. The people who did were mainly the government and prominent among them was Bill Clinton.There is a reason economic crashes happen. And there is a reason recoveries happen. Investors like Trump are the reason recoveries happen. They swoop in and make bargain purchases and typically have to improve the physical structures and/or the management of the businesses in question,...

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