Managing property is an exacting and complex enterprise. While many people assume it’s simply a matter of paying bills on time and collecting rent, in actuality the duties are far more involved and challenging. By hiring professionals, property owners can save time, energy and money. Plus, by leaving the management duties to the experts, property owners and investors can … [Read more...] about Understanding the True Value of Property Management
Archives for November 2008
November 2008: Business Up Front
Unemployment Continues To Rise Latest available employment data from the Bureau of Labor Statistics show the nation’s nonfarm payroll employment declined by 159,000 in September and the unemployment rate held at 6.1 percent (9.5 million persons). Over the past 12 months, the number of unemployed persons has increased by 2.2 million and the unemployment rate has risen by 1.4 … [Read more...] about November 2008: Business Up Front
Transferring Wealth: Securing tax-efficient distribution of your wealth
Estate planning is a key component in a wealth management program and yet, too few individuals take the appropriate steps to create a wealth transfer plan. In most cases, people do not approach estate planning with eagerness or ease, but unexpected tragedies occur often and this is reason enough to address estate planning as a financial priority. Hesitancy with regards to … [Read more...] about Transferring Wealth: Securing tax-efficient distribution of your wealth
Eminent Domain, a True Infringement: The case for reform of Nevada’s redevelopment laws
The need for property rights reform in Nevada is clear. Property rights that are defensible under the rule of law are the very foundation of a market economy. However, property rights in Nevada have eroded due to a set of community redevelopment laws that confer dangerous amounts of power upon local politicians. In 2005, the U.S. Supreme Court issued a controversial decision … [Read more...] about Eminent Domain, a True Infringement: The case for reform of Nevada’s redevelopment laws
Keeping the Tax Man at Bay: Defer taxes via a structured sale
Great news, you are about to sell your home, investment real estate, closely held business or other real property at a large gain. Bad news, a large gain means a large tax liability. Since the beginning of time or the beginning of the income tax at least, taxpayers have wanted to defer their tax obligations. So how can you keep the tax man at bay? A seller’s options Sellers … [Read more...] about Keeping the Tax Man at Bay: Defer taxes via a structured sale
Nevada Department of Transportation Gets Creative
Transportation in Nevada has faced numerous challenges during the last several years. Rapid growth has contributed to congested highways, which degrades the economic vitality of a city as well as the quality of life for our residents and visitors. Highway revenue sources have not kept pace with inflation, high fuel prices have contributed to increases in road building materials … [Read more...] about Nevada Department of Transportation Gets Creative
Las Vegas Commercial Office Market: A market performance update and analysis
The Las Vegas commercial office market continues to be impacted by national instability as well as a local market that is facing its most significant supply-demand imbalance in recent history. At the national level, softening fundamentals and a financial market in crisis have slowed new business development to a crawl and put several business expansions on hold – a challenging … [Read more...] about Las Vegas Commercial Office Market: A market performance update and analysis
Taxation Without Justification: Property Owners Fight Back
Property owners across the state may question their assessments from time to time and may very well not agree with the stated value of their property, which determines the annual property tax owed. What happens when the county you live in arbitrarily institutes new assessment guidelines that substantially increase your assessed value? That is exactly what happened to some … [Read more...] about Taxation Without Justification: Property Owners Fight Back
Loan Workouts, A Strong Alternative
In our extremely challenging economic climate, many commercial borrowers are experiencing major difficulties in meeting outstanding loan obligations. With tightening credit markets and increasingly strict underwriting guidelines, refinancing existing debt or selling assets to a third party are not feasible options. In addition, it is extremely likely that the person with whom … [Read more...] about Loan Workouts, A Strong Alternative
Healthcare Checkup: Hospital Administrators Address Challenges
Healthcare, like every other industry in the state is undergoing substantial challenges. Serving the uninsured, dealing with regulations, collections, protecting itself from lawsuits and maintaining staff are not new challenges. Administrators and healthcare professionals have dealt with these issues for years, but the economic downturn has created even more challenges for … [Read more...] about Healthcare Checkup: Hospital Administrators Address Challenges
Healthcare Reform Gets Political: Expect increased oversight of the medical community
While the economy and budget shortfalls are sure to take center stage at the next session of the Nevada Legislature, not far behind will be healthcare reform. In the wake of one of Nevada’s worst medical disasters, the Hepatitis C scare at several Las Vegas endoscopy clinics, lawmakers will certainly be looking for ways to provide more oversight of the medical community … [Read more...] about Healthcare Reform Gets Political: Expect increased oversight of the medical community
Hiring a Tech Consultant: Advantages in a down economy
The current economic downturn has created worrisome waves in the business world pool. It seems no one is immune to the effects of the economic climate and many businesses are scrambling to maintain steady ground and find solutions during these uncertain times. While reports show thousands of lay-offs in various industries, ranging from the casino sector to real … [Read more...] about Hiring a Tech Consultant: Advantages in a down economy
November 2008: Business Indicators
More than two years after U.S. housing markets started rebalancing and a year after financial firms became bogged down in bad paper, markets concluded that the recovery failed to get traction. Financial firms were unable to correct their problems, resulting in credit markets failing to operate. In short, the Treasury and Fed failed to stem the tide. In the span of one week, … [Read more...] about November 2008: Business Indicators
Industrial Market Summary: Second Quarter 2008
Las Vegas The Las Vegas Valley’s industrial market experienced rising vacancies due to a slowdown in market demand. During the 2nd Quarter of 2008, the market posted 695,000 square feet of net absorption, bringing demand for the first half of 2008 to 1.3 million square feet. Inventory levels increased by 1.5 million square feet during the second quarter, while project … [Read more...] about Industrial Market Summary: Second Quarter 2008
David Hall, CPA: L.L. Bradford & Company
Tax Partner Las Vegas Number of Employees: 40 Years in Nevada: 12 Years with Company: 10 Describe your leadership style: My style is to educate people of their responsibilities and then step back and let them govern themselves. Biggest business challenge: Being able to continue meeting the ever increasing needs of our clients. Regulating agencies are … [Read more...] about David Hall, CPA: L.L. Bradford & Company