Understand the Difference and Check Your Needs at Least Annually LSL Partner Ron Stumpf Talks with Sandra Denisac, Vice President, CIC, at McGriff Insurance General vs. environmental liability Ron: What is the difference between general liability and environmental liability coverage? Sandra: It sounds like a general liability policy would Read more…
The ACA represents what should be an incredible boom for healthcare real estate. As more mergers of medical groups occur and hospitals begin to transition patient care from the hospital facilities to medical office buildings the need for medical office buildings increases. These medical buildings are being purchased with well-planned Read more…
When physicians or medical groups look for investment opportunities, there are various options available. Real estate can be an attractive option for medical professionals. There are a number of advantages to investing in real estate; however here are some of the advantages we discuss with our medical clients. Real Estate Read more…
There are several traditional methods of holding title to property, including: tenancy in common, joint tenancy, or community property. In addition, California allows married couples to hold property as “community property with right of survivorship.” Each method has its own advantages. You may want to hold title differently for different Read more…
Here’s some great news for California owners of real estate investment properties: As of September 1, 2018, the California Office of Tax Appeals (OTA) has issued a new position regarding “drop and swap” real estate transactions (defined below). The OTA ruled that drop and swap is an accepted business practice Read more…
If you are a real estate investor, you probably know there are several options when choosing how to invest in a property. However, there is an investment vehicle often unknown to investors: the Delaware Statutory Trust (DST). DSTs: great for long-term, hands-off investing If you want an investment where you Read more…
Self-Rental Rule Many business owners that own operating businesses also own the office building or commercial building used in the business. The operating business is owned by the individual(s) through one entity, then the real estate is owned by the same individual(s) through a separate entity. The operating business pays Read more…
How can you scrap an existing building, build four condos on the site, and not be taxed at ordinary income tax rates upon sale? Let’s say you have owned a beach property for over 30 years. It is now valued at $2 million and your cost basis is $200,000. You’d Read more…
There are a variety of entities for investing in real estate: sole proprietorship, C corporation, S corporation, limited partnership (LP) or a limited liability company (LLC). Clients often ask what the best option is and what will be the best for them from a taxation perspective. Here are some of my Read more…
LSL is a full service accounting firm that can provide accounting and tax services for your real estate projects, financial statement audits, reviews and compilations. For over 45 years, we have been working with real estate investors, developers and professionals in the Southern California area. Here are the 5 Trends Read more…