Realty Speak

If you don’t plan for the sale of real estate then you risk a big capital gain tax bill. Today Michael Burwick, Partner, Greenspoon Marder LLP and Kent Fitzpatrick, Managing Director, Asset Strategy Advisors not only review for us the many capital gain deferral strategies you have heard about before on Realty Speak but also share another strategy you’ll want to understand completely. What you will discover in this episode is how to plan in advance of a sale and keep more of what you have worked so hard for.

As part of a series with NYARM on the NYC emissions laws; Margie Russell, Executive Director of the New York Association of Realty Managers and I moderated a webinar addressing NYC Local Law 97 which will be enforced starting in 2024.

On Tuesday 04/12/2022 we went live and asked very pointed questions to the Local Law 97 expert and Licensed Professional Engineer, Marc Karell. Then on 05/23/2022 I gave him a call to include some updates that surfaced after the original recording.

Do you want to understand Local Law 97 and how the looming fines may impact your building portfolio and bank account? That and much, much more is all right here in the podcast version of the webinar.

Margie Russell, NYARM and Anne Korchak, SPONY team up with me to chat about Good Cause Eviction; NY Senate Bill 3082/Assembly Bill A05573.

Real Estate Attorney Alexander Lycoyannis explains in detail what Good Cause Eviction is and what it is not. After listening you will clearly understand why passage of this Bill will be GOOD for nothing! You will also know how to easily voice your opposition and help ensure that the current NY Legislative session ends in June without this Bill being made law.

Earlier this month Margie Russell, Executive Director of the New York Association of Realty Managers (NYARM) invited me to join her in moderating a webinar addressing NY City’s Local Law 87.

On Friday, 03/18/2022, we went live and along with the audience, asked very pointed questions to the Local Law 87 expert and Licensed Professional Engineer, Marc Karell. He didn’t flinch. He knows his stuff.

Do you want to understand Local Law 87 and how it correlates with Benchmarking and the very fast approaching NYC Local Law 97 and learn how the recent change that requires a PE or RA to be part of the reporting team affects the process?

That and much, much more is all right here!

When NYREJ radio emcee Rick Kaplan suggested Realty Speak moderate a live panel of 4 very astute investment real estate industry professionals, the answer was an emphatic, YES!

In the is episode Attorney - Michael Sahn, JLL Chairman of NY Investment Sales - Bob Knakal, Lendlease Executive General Manager - Melissa Román Burch and Attorney - Gary Meltzer shine a bright light of optimism on what otherwise could be perceived as dark days ahead.

They share actual examples of how New York is not already making a big come back, but also moving forward as we embrace new ways and ideas of how to get from here to the future..

In this short 4 minute episode, Bill Weidner shares some info about the last year of Realty Speak® and his 2021 year end message to you, the Realty Speak® guests and listeners.

In June of 2019 the NY State Legislature passed the Housing Stability and Tenant Protection Act of 2019 (HSTPA). Now 2.5 years later, while the constitutional challenge to HSTPA makes it way through the courts, there exists another attempt by the Legislature to enact a “Good Cause Eviction” Bill that will further encroach on the rights or property owners.

My Co-Host Nativ Winiarsky and guests Craig Gambardella and Jim Burling, all attorneys, and I get into the weeds about the future of these draconian laws and how they will negatively impact not just property owners but the millions of people who choose to rent instead of own.

If you care about property rights and the quality of housing and whether you are an owner or a renter you’ll want to listen to this entire episode and then share with everyone you know!

Just when you thought you knew everything about using your real estate to create liquidity, Stuart came along with more insights for you.

Stuart Gelb, President at The Liquidity Source shares his depth of knowledge around the many options available to property owners to create liquidity from real estate assets. A timely and important episode that you won’t want to miss.

Are you wondering about The American Families Plan, aka Biden Tax Proposals, and how it will impact real estate gains?

What are some of the things you can do now?

What if you want to liquidate a long term owned real estate portfolio but are worried about the tax on what will be a large capital gain. What if you would like to retire and no longer manage the properties?

In this episode, accountant Bob Russo, aka CPABOB and Delaware Statutory Trust (DST) expert Rob Pecha, aka 1031ROB discuss planning for the future and explain terms like stepped up basis, boot, depreciation recapture and more. This is a must listen for those considering a sale out of an existing real estate investment portfolio using the 1031 like kind exchange and also everyone else that one day may be doing the same.

In condominiums and cooperatives there is a mix of owners and renters.

Michael Rogoff, President of AKAM, shares his take on how an air of hospitality coupled with a smile can simplify the management of this dynamic and enhance the quality of life for everyone.