News
Why streamline your company with procedures?
Published on: Friday, November 22nd, 2019
If you are going to have a property management company you’d do well to adhere to have written policies, procedures and processes. And if you are looking for a property management company you’d do well to make sure the company you are working with has them too. Companies that have written policies, procedures and processes tend to make more money for good reason, it demonstrates that they have a certain discipline to do things the same way every single time which means your portfolio will have the assurances of abiding by the law. For example, Fair Housing. The cost of … More
4 options for making an income from your property
Published on: Monday, August 19th, 2019
Here is a nice little mention of our fine company and fantastic property Manager Andrew Helling about how to make money on some kinds of property investment. An article worth reading.
Rent Control. Popular out east, but man it’s hard on a population
Published on: Friday, July 19th, 2019
This article from GlobeSt.com goes through the recent laws New York has put into effect. Suffice to say it’s been a boon for politicians to show off their ability to “do” things for their constituents, but unfortunately it’s ruining the market and actually making things worse for tenants.
Are rents going down?
Published on: Monday, March 11th, 2019
As it turns out, at this moment, here in Omaha rents seem to be stable…which actually normally implies that the market is strong…strong as in rent forces may be pushing rents up. However, according to national averages that may not hold. For years everyone was wondering why Millennials weren’t buying homes. Well, now it’s known. In 2016 that generation started buying homes again, but why? Well interestingly, according to this article, and others it’s because living in rentals was getting expensive. Especially in the newly reconstructed/refurbished mid/downtown buildings being brought back online. The cost of construction really did skyrocket to … More
Wistar Group in the news
Published on: Monday, February 18th, 2019
Our very own Property Management Director is in the news about a story related to hiring maintenance employees and the challenges associated with finding them. The trades offer excellent opportunities for anyone willing to put the time in to learn. The market is changing and 4 year degrees are not as important as they once were for being able to earn a good living. Click here for the full story. And to learn more about how to get into the maintenance trade here is the link to the organization referenced in the story.
IRS Safe Harbor for Real Estate – 20% deduction on federal taxes?
Published on: Friday, February 15th, 2019
There has always (apparently) been a discussion in the tax preparer world as to whether income derived from rental properties is considered to be passive income or not. In our mind, based on the vernacular, we would apply the test of whether or not we as investors are actively participating in the rental business itself. I mean, duh…are we actively or passively involved, right? Well…no, that’s not necessarily the case at all. And interestingly, what is relevant to us as managers and to you as clients of a management company is that the time we (agents) spend on your property … More
Rents going down?
Published on: Monday, February 4th, 2019
It does seem to be the case, at least on a macro scale. Adobo is a website for renters and they do a good job with higher level information on matters related to rentals. Full article here.
Especially useful video for Nebraska Landlords: How to handle vendors
Published on: Friday, December 28th, 2018
Tis the season to try to get away with paying as few taxes as possible. Which is just dandy, that’s what loopholes and politicians are for. But don’t be the lazy sort of business owner that skimps on the things you must do legally or it can be devastating to you…and yours. This series goes over the steps to make sure you can deduct subcontracted work. Happy Season!
Bi-Monthly Rent Payments…hmmm
Published on: Wednesday, October 10th, 2018
I’d never really considered this idea. It could actually be a win-win. Tenants get the flexibility and the property owner gets a little bit of compensation to offset the hassle. The downside is that a lot of that “extra” revenue is going to get gobbled up if there isn’t a very automated system in place. For instance, receiving rents directly into the bank account without having to physically touch the checks. If you don’t have that type of system, an automated system then the value depreciates pretty quickly. It’s something to consider though.
President of Wistar Group on WOWT regarding landlord registry
Published on: Wednesday, October 3rd, 2018
It’s a small quote, but it’s important that the media…or rather the citizens of Omaha have a chance to hear all sides of this discussion. Let’s hope our elected officials can break the political divide and come up with something that actually makes housing better. WOWT Yale Park
