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What You Should Know About Advance Payment Bonds

Posted by on 3:16 pm in Performance Bond Management | Comments Off on What You Should Know About Advance Payment Bonds

What You Should Know About Advance Payment Bonds

When planning a business, you should always consider the financial factor. Always assess your ability including your financial capability if you can sustain all the expenses or not. Not everyone is fortunate enough to start their business utilizing the money coming out from their own pocket. When you are just starting up, normally, you have to start from scratch and with that, you have to find someone that will lend you money in order to sustain all the finances. Whilst you are just a beginner, not all companies will approve in lending you huge amount of money for your planned business except when you secure an Advance Payment Bond beforehand.

canary-wharf-980477_1280In order to make this bond possible, there should be three parties involved which are the obligee (also known as the customer); the principal (also known as the contractor); and the surety (also known as the insurance company or the bank). When we talk about advance payment bond, it means that you will have someone secure the payment in the event that you failed to comply the agreed bond which is usually your bank. However, you should do your best to pay off the stated amount to successfully comply the agreement stated in the bond to free your name from any bad record. By being in to an advance payment bond management, it will give you an assurance that your request for financial assistance will be approved.

With this subscription, you have to make sure that you are dealing with the right people or agency. Since you are just starting up a business, you have to secure not just the products that you are selling but also the items that will enable you to build your own establishment. One of the concrete examples of the importance of being into a surety facility is that you can make a deal with construction companies about lending you supplies to make your business establishment possible.

You have to fully understand the purpose of having a bond which can be thoroughly explained by a specialist. These bonds focuses more on the financial side which is very important to make sure that you can start up your own business without the stress of saving up money first. As part of the normal process, there are several screening tests conducted to have the correct matching of the bond to the financial capacity of the obligee. That is why it is very important to make a subscription only with the company that already has proven their service in the said industry.

Therefore, when you are planning to build your future through business, learn more about Surety and Advance Payment Bond first in order for you to know the different options that you can prefer in a non stressful way. Learn it only with the experts that are well experienced not just for you to gain knowledge but to also inspire you with the different stories of clients that have availed surety bonds that became their springboard towards their success in the said industry that they are in.

What are the Industries Covered by Performance Bonds

Posted by on 9:39 pm in Performance Bond Management | Comments Off on What are the Industries Covered by Performance Bonds

     When contractors break contracts, it’s important to have a third-party involved who will cover the damages. That’s the role of performance bond management. They help to give employers the certainty that the contractor will follow the contract, and can be used in various situations including the following industries:

contractor-bonds

1. Property Development

This is a common industry that involves contractors. It can involve a wide array of tasks including the development of the land itself, to the renovation of existing properties on real estate. The work often involves contractors for various reasons, including the issue of work being done on a per-job basis. Workers might or might not be used for future projects, so it can be much more practical for companies to hire them for property development jobs. It’s important that contractors meet their obligations stated in the contract.

2. Facilities Management

Property-and-Facilities-Management-Services_wireframe_25@300This is another important sector that can involve performance bonds. Funding and building facilities are critical steps, but their management is also important. This highlights the need to have a third-party performance bond to guarantee that the contractors follow the details of the contract. This is important as the management of facilities is important for the owner, to ensure that it’s run properly and the way the owners want it to be. If there are any issues regarding the contract, a performance bond can help to cover the costs involved in the contractor failing to fulfill his or her duties.

3. Product Support Services

This is another type of industry that often hires contractors. Recent studies have shown that more customers value quality customer service than low prices. This highlights the need for support services, including product support services. However, it might require the need to hire contractors instead of full-time employees. As with other contractors, it’s critical that they follow the contractor. A performance bond can help to ensure that workers meet the requirements stated in the contract. If they don’t then mediation will be required between the employer, contractor, and third-party.

technical-supports

4. Construction

This is one of the various industries that can involve retention bond management. Work is often contracted out in the world of construction due to various reasons. One of the key ones is that it’s sometimes easier or more cost-effective to hire contractors instead of full-time employees. However, it’s important that they fulfill their duties outlined in the contract, to ensure that the construction job is completed on time and properly. Otherwise there can be a variety of logistical and even legal issues involved, highlighting the importance of performance bonds.

Construction Contractors talk about hiring Apprentices

These are just some of the sectors that can involve performance bonds. What’s critical is that employees have peace of mind via a third party that any damages incurred by contractors who fail to meet the requirements of a contract are paid. This can help to ensure that the company can still conduct the work required, which is critical for its operation and financial stability. Make sure to choose the right company to get the best service.

Wedding Stationery That You Need To Sort Early

Posted by on 10:00 am in Uncategorized | Comments Off on Wedding Stationery That You Need To Sort Early

The ceremony is booked, the reception is booked, the elegant canapes and sit down meal have been booked. You’ve picked the champagne and you’re bridesmaids are thrilled to have been asked to stand with you on your big day. If you want to have a hand in organising the day, then hiring a company like www.lovestruckweddings.co.uk can really help. All the bigger things associated with the wedding of your dreams is sorted out but then there are the small things that are still waiting to be chosen. The next thing you as the bride needs to focus on, is the wedding invitations. Simple wedding invitations that only list the ceremony and reception times along with RSVP details are quite popular in comparison to the small notebook some couples send out detailing everything from the fifteen flower girls to the menu at the meal. Simple is always effective, sophisticated and bound to bring a tear to the mother of the bride.

Most of the time, engaged couples like to choose wedding invitations to match their wedding colours and then the design suits the couples’ style. Some wedding invitations have no frills and are simple. Not necessarily plain as such, but clean and minimalist in style. Other wedding invites are fluorescent, eye catching and adorned in lace; actual frills! What you want to reflect isn’t just yourselves as individuals, but the new wedded couple you’ll become. Your colours and text should be elegant but bold and really show off your day in the best way. The better and more bold the invitation, the more excited your guests will be for you. There’s something so much more graceful in a full and proper wedding invitation with a quirky and unique style versus a round robin email!

Alongside your invitations, your save the date is likely to match the colour and style of your invitation so that should be a consideration when it comes to design. The order of service can be included in with your invites or just handed out at the start of the ceremony on the day of the wedding. When you choose the font for your invites, you can choose this yourself or have the whole invitation fully designed by a company instead. While this does cost a little more, companies who create wedding invitations are now more reasonable due to the level of work they receive. The invitations that you have for your wedding day are sometimes the most important invitations you’ll ever compose. While it’s vital that they have all the information in them for the actual day, along with RSVP details, you will of course want elegance and grace. Hopefully you’ve had some planning help if you don’t have very many people in your bridal party and that’s where companies like www.lovestruckweddings.co.uk come in.

Pretty wedding invitations that stand out can set the tone for the biggest day of your life. Wedding invitations can be expensive but sometimes it’s not the biggest consideration when it comes to getting them designed. You can use companies to help you design your own or you can simply choose off the shelf designs.

5 benefits of learning commodity trading

Posted by on 8:47 am in Financial Constraints | Comments Off on 5 benefits of learning commodity trading

Investing in the commodity market can be a great thing to do. There is a lot of potential profit to be gained in trading in various commodities. The market of this kind of industry is booming, and now more than ever it is the time that you learn how to trade in commodity derivatives. Learning how to do so is possible even without going to school. There are many commodity training courses that you can find online. And you should sign up and learn about trading on those websites. Here are some benefits to trading in the commodities market.

  1. Potentially profitable returns

 Since the commodity derivatives market is booming at the moment, there is a large potential for the return of your investment. You could stand to earn a lot of money in trading in commodity derivatives, so you may want to start learning to about commodity derivatives right now. This is because it is the best time to get into trading in commodities.

  1. Commodities protect against inflation

 When inflation occurs, the value of the currency will drop. Therefore, during economic inflation having commodities is very useful, since the value of commodities does not drop during inflation. In fact, the values of commodities will rise. So, therefore, you could use commodities and its derivatives as a form of protection against inflation.

  1. Diversify your investment portfolio

 Having a diverse investment portfolio is always a good thing. It will look great on your CV, and you can also learn a lot about trading when you expand your portfolio to include commodity derivatives. You will also be able to better protect against potential loss because our assets will be diversified.

  1. Commodities are a safe investment

Certain kinds of commodities, such as precious metals, are actually very safe in times of economic downturn. Most of the time, the value of these kinds of commodities, will not drop. So if you want safe kind of investment, you should look into trading commodities.

  1. It is very fair

The trading and investment done in the commodities market are very transparent. So you can rest assured that almost all of your financial dealings in commodities will be very fair. You will be able to discover very fair prices of commodities due to the wide participation of other people. And because most of this participation is self-motivated, you can also get a guarantee that everyone is working for each other’s best interest.

For anyone that wants to find online training for commodity derivatives, then you should be able to find an easy one to learn from on the internet. You can search for training courses that should allow you to learn about what it takes to trade in commodity derivatives. Through this website, you will learn the basics of trading in derivatives, and you may also learn about the various tools that you can use to trade in commodity derivatives. So if you are investing in the commodity market, it may be a good idea to get some training on the subject beforehand.

Wedding Stationery That You Need To Sort Early

Posted by on 2:18 pm in Uncategorized | Comments Off on Wedding Stationery That You Need To Sort Early

The ceremony is booked, the reception is booked, the elegant canapes and sit down meal have been booked. You’ve picked the champagne and you’re bridesmaids are thrilled to have been asked to stand with you on your big day. If you want to have a hand in organising the day, then hiring a company like www.lovestruckweddings.co.uk can really help. All the bigger things associated with the wedding of your dreams is sorted out but then there are the small things that are still waiting to be chosen. The next thing you as the bride needs to focus on, is the wedding invitations. Simple wedding invitations that only list the ceremony and reception times along with RSVP details are quite popular in comparison to the small notebook some couples send out detailing everything from the fifteen flower girls to the menu at the meal. Simple is always effective, sophisticated and bound to bring a tear to the mother of the bride.

Most of the time, engaged couples like to choose wedding invitations to match their wedding colours and then the design suits the couples’ style. Some wedding invitations have no frills and are simple. Not necessarily plain as such, but clean and minimalist in style. Other wedding invites are fluorescent, eye catching and adorned in lace; actual frills! What you want to reflect isn’t just yourselves as individuals, but the new wedded couple you’ll become. Your colours and text should be elegant but bold and really show off your day in the best way. The better and more bold the invitation, the more excited your guests will be for you. There’s something so much more graceful in a full and proper wedding invitation with a quirky and unique style versus a round robin email!

Alongside your invitations, your save the date is likely to match the colour and style of your invitation so that should be a consideration when it comes to design. The order of service can be included in with your invites or just handed out at the start of the ceremony on the day of the wedding. When you choose the font for your invites, you can choose this yourself or have the whole invitation fully designed by a company instead. While this does cost a little more, companies who create wedding invitations are now more reasonable due to the level of work they receive. The invitations that you have for your wedding day are sometimes the most important invitations you’ll ever compose. While it’s vital that they have all the information in them for the actual day, along with RSVP details, you will of course want elegance and grace. Hopefully you’ve had some planning help if you don’t have very many people in your bridal party and that’s where companies like www.lovestruckweddings.co.uk come in.

Pretty wedding invitations that stand out can set the tone for the biggest day of your life. Wedding invitations can be expensive but sometimes it’s not the biggest consideration when it comes to getting them designed. You can use companies to help you design your own or you can simply choose off the shelf designs.

Reasons You Should Hire Luxury

Posted by on 12:46 pm in Uncategorized | Comments Off on Reasons You Should Hire Luxury

 

You could have planned an amazing holiday with your friends or family, or even have a meeting penned in with new or existing clients for your business. Hiring a luxury car from companies such as http://www.ajprestigelondon.com is always better than squishing into public transport. Luxurious cars provide not only a lavish experience but a premium quality to your transport. Whether this is for a group of people travelling together on business or for pleasure reasons, cars that are equipped with air conditioning and plush, soft interiors are so much better than the bus!

Luxury car hire companies like http://www.ajprestigelondon.com provide excellent services to its clients and as such, always receive repeat business. Hiring a car can make travel far more exciting and luxurious and if this car you’ve hired happens to be a Land Rover or a Lamborghini, then even better. Car hire may help you to realise that dream you’ve always had of owning a little piece of luxury. A luxury car is recommended for those who are on business and touring a new area because the pure image of professionalism that is exhibited with the selection of your car.

Car hire does not have to be ordinary and companies like http://www.ajprestigelondon.com understand that. Whether you want to hire your car for enjoyment, performance or maybe even to impress people in a social or business function, luxury cars are always readily available for hire. There is a lot to take into consideration that will save you time and money and it’s important that you choose the right car for your needs. Companies that are available for car hire for corporate transfers, airport transfers, wedding car hires, private luxury tours and special event car hire provide a point to point, exclusive transportation that will be available whenever you require. The professional companies that are out there aim to deliver on the quality they promise in a luxurious car.

It is so easy now for people to find luxury cars on offer, with the influx of companies littering the webpages and app stores out there. Hiring a car has never been easier than it has now and the choices across apps mean that you can choose a car within your budget with ease. If you have a brilliant day out listed, you will need luxury for that! There’s nothing like loading up a beautiful Ferrari or other sports car and swinging past your friends house for pick up! Load up that boot with whatever you need but be very aware of any scratches or damage you cause. If you plan to go on a picnic, all the better but if you’re loading the car for a camping trip or extreme sports venture, make sure any equipment doesn’t cause any marks across the car. The deposit is going to be high enough without getting it back again. Treat the hire car like you would your own: with great care!

What Happens When ‘I Do’ Isn’t Happy Ever After?

Posted by on 10:14 am in Uncategorized | Comments Off on What Happens When ‘I Do’ Isn’t Happy Ever After?

Divorce is a sad and stressful time for all involved with it and even more so, for children. Divorce is hard on the couple separating of course but the children involved from a tiny age, even adult children, may feel uncertain or angry. Splitting up a family is not something that anyone really anticipates. When a couple take their vows they never imagine it will end in divorce and they don’t prepare for it until it’s going to happen. People fall in love and have families and children baulk at the prospect of their parents separating and as a parent there are ways you can make the process less difficult for them. Helping your children cope during a divorce is necessary to ensure that they don’t grow up ‘tainted’ by the experience. Our parents mess us up enough as children with their expectations and potentially conflicting visions of what is right and wrong and divorce can cause children to believe they are the ones to blame. Divorce has a degree of impact on all children in many ways that can be long lasting and doing what you can to minimise that negative impact on their lives is crucial to be able to raise healthy minded young adults.

In a way, the younger the children are the better off if a divorce comes about. Babies won’t remember what it’s like to live in a stable two parent family under the same roof in the same way an older child will and it’s important to understand that how that child reacts is very normal. As the person getting that divorce, it’s normal to be in the throes of many emotions as you separate, even if it was your decision and you are the main petitioner. It doesn’t mean it hurts any less as you are ending what was once a partnership worthy of lifetime love and affection. The thing is, while you’re feeling all your feelings, your children are there watching and listening intently to all that goes on around them and how you outwardly handle this situation is going to have an impact on them for life. There really is no way around that unfortunately as even the most amicable divorce has lasting effects. As a parent, it’s your job to ensure that residual upset, hurt and anger are managed effectively and not just punished. Children are allowed to feel angry and betrayed because they would have seen their parents together and then apart. There are ways to successfully navigate this particularly unsettling time and help your children emerge from it feeling loved and confidant. Your patience, reassurance and a listening ear can really minimise tension as children learn to cope with their new circumstances. It’s not just a learning curve for you, but also for them. By providing routines your children can rely on, they shouldn’t be too affected by your phone call to London Law Firms and Solicitors to start proceedings for divorce. By providing such routines, you are reminding your children that you can be relied on even with all you are handling yourself.

Maintaining communication and a working relationship with your ex is going to be one of the hardest things for you to do even if the split is amicable, but for the sake of involved children it is crucial. If your children can see you maintain civility during one of the hardest times of your life they will be able to live by example. Keeping a neutral opinion of your ex while in front of the children can also really help as then they don’t form an opinion on them that changes their relationship. Children need both parents to be in their life to lead one that is still stable and rich with love and putting aside your differences to communicate to your ex will be one that saves you from essentially messing your child up for the rest of their lives. Let your children love you both – you don’t have to love your ex or even like them at this point but letting your children be excited and happy and endeavouring to not let them down on both sides is so important.

Children need to be able to be happy and you two are the ones who can do that and no one else.

Great Tax Tips For This Year

Posted by on 3:38 pm in Uncategorized | Comments Off on Great Tax Tips For This Year

When you’re hunting for tax savings on your tax returns, comb through the way you paid your taxes in the past. You might have missed an easy write-off that’s waving its hand and shouting, “look at me!” For example:

Should you still be itemizing your deductions?

Itemizing is the clear, money-saving choice for people with big mortgages or who live in a state with high income taxes. But if you live in a low- or no-tax state, and refinanced to a low mortgage interest rate last year, you might be better off with the new standard deduction for this year. It’s $11,900 for married couples filing jointly. Homeowners nearing the end of their mortgage debt should check this option, too.

Are you using the right filing status? 

You’d be surprised at the number of taxpayers who get this wrong. Here, I’m speaking especially to single parents, caregivers and widows or widowers. You’re the people most likely to make a costly mistake.

I’ll start with single parents (especially newly single parents). A common error is to list yourself as “single” on your tax returns. In fact, you are a “head of household,” which is a big tax saving all by itself. You get a lower tax rate and a larger standard deduction then if you had filed as a single.

You’re considered a head of household if you were unmarried at the end of 2012, have an unmarried child, stepchild or other qualifying relative under 19 who lives with you for more than half the year (not counting temporary absences) and you pay more than half the cost of maintaining the home. The child can be under 24, if he or she is a full-time student. (A married child has to be your tax dependent.)

You’re also a head of household if you were married, with a child at home, but lived separately from your spouse for the last six months of 2012 and are filing a separate tax return. (If your spouse will agree, however, it’s generally cheaper to file a joint return. The “married” status gets the lowest tax rates of all, and the highest standard deduction. That is, unless you’re a same-sex married couple, which still is not recognized under federal tax law.)

Earlier, I mentioned caregivers. You might be a head of household, for tax purposes, if you’re single and caring for a dependent parent or other close relative, even if he or she doesn’t live with you. The relative cannot have a gross income over $3,800, and you must be paying more than half of his or her support.

Using a company like http://genesistaxres.com for your tax help can make the difference between you getting your taxes accurate or not. You don’t want to owe the IRS, it’s much better if they owe you money instead!

How To Make A Will

Posted by on 10:33 am in Uncategorized | Comments Off on How To Make A Will

There’s few things that are guaranteed to us in life but one of those things is always death and regardless of death, life has a sticky habit of continuing to move on. People move into our empty houses, and take our empty job spaces and it keeps going no matter what. Make sure that your loved ones are taken care of and a will can do that. You need to ensure that your belongings pass to the people without delay or argument, making a last will is as much about your wishes as your wealth. It means that you take the decisions about which of your possessions goes to whom, whether they are financial or simply sentimentally valued possessions. Making a last will is also about your beneficiary’s health as much as wealth.

Usually everything is passed automatically to a spouse but dealing with death is so difficult and if you add any uncertainty or ambiguity at the same time then health problems can undoubtedly arise. Companies such as wiseman.co.uk can be there for you to help you set up a will and last testament. Where the deceased has not actually left a will, your family would have to choose a representative for you to approach probate to obtain a grant of letters of administration, ensuring someone is appointed as the administrator for your estate.

Following this, the estate is then distributed under the rigid rules governing the Law of Intestacy. This law, which is laid down in the Administrations of Estates Act, applies irrespective of the amount of wealth a person owns at death. The law does not allow any opportunity to consider any wishes the deceased may have had, even if those wishes appeared obvious and written down other than by a properly executed Will. In fact, a Will that is written but isn’t executed properly could very well mean that the deceased has in fact changed their mind as to whom the beneficiaries should be. If you don’t have a will set up, your money and assets can actually be passed directly to the Crown despite what you may say out loud. Your chosen executor who is appointed can apply for a grant of probate which frees your estate for distribution to your family in the exact way you have already decided in your will.

Spouses may not automatically inherit all of your estate and it is important to be aware that the spouse of a deceased person who died intestate does not automatically inherit the whole of the spousal estate. Inheritance tax may be payable on your estate when you pass away and if in any doubt about it you should speak to a solicitor. Inheritance tax thresholds vary depending on your situation and anything worth above £325,000 – including money, property investments, but after deducting debts and funeral expenses – will be subject to 40% tax.

You have six months from the end of the month in which death occurred to pay the tax and payments can be from any savings or investments available within the estate. Without that last will and testament you beneficiaries are left with the problem of obtaining a Grant of Letters of Administration and appointing an administrator in your absence to deal with disposing of your estate under the rules of intestacy.

Working & Family Life

Posted by on 10:11 am in Uncategorized | Comments Off on Working & Family Life

It’s a wonderful experience, parenthood. Raising a child is one of the hardest jobs in the world as you are suddenly responsible not only for yourself, but for this little person who depends on you for their every need. If you, like most adults out there, have spent most of your life leading up to becoming a parent at work, then you anticipate a slight step back while you have a child, get your bearings and get ready to return to the world of work. There’s only one problem that most people just aren’t aware of before they choose to have a family: there is a lot of hoo-hah surrounding being a working parent. You may not have noticed when you were at the office that most of the time, when someone goes off to have a baby, life changes for them. Until it becomes your turn, you can’t understand the scrutiny that most people come under just for having a child. A child is a blessing and everyone knows that part but there’s a lot of complications that surround returning to work after a baby.

You cannot do right for doing wrong and the world has an opinion on everything you do as a parent. If you chose to stay at home and raise your child, you’re seen as some kind of sponge or seen as a liability in the workplace. It’s not a surprise really. People who have children change when they are born. Work and climbing the ladder in the office to get that promotion no longer seems so important. But what do you do if you want to return to your job and your employer is being difficult?  A lot of employers don’t see the joy in the child that’s been born, they see the issue that they are having to spend funds hiring in someone new to cover a maternity leave open spot. They see the money they could lose when the woman who leaves their staff after so many years may not return and therefore they have to hire someone else and retrain someone new. That’s a lot of pound signs flashing in the eyes of the employer. The trouble is that employers are also not a fan of flexible working. The number of women who ask for part time or flexible hours so they can be there for their child should they need to and get turned down is unacceptable. A lot of women feel forced out of the workplace due to inflexible employers and this is something that is becoming an issue as women then feel like they have to choose between a family and their career.

As for those who have a few years away from the workplace and who try to get back into work after some time away? Forget about it. That just doesn’t happen as much now because for you, who may have ten years’ experience in your job but then two years out to raise a child, there aren’t as many roles. For the roles that are there, there are fifty other candidates all who DIDN’T take the time out of their working lives to dare have a child. Unfair, isn’t it? There a lot of solicitor firm in Manchester that can help you with employers who discriminate against you for wanting flexible hours. If you feel like you have been forced out of your position due to there being no help at work, you can contact them for a chat and some guidance.

Property Tax Assessors: Student Information

Posted by on 10:01 am in Uncategorized | Comments Off on Property Tax Assessors: Student Information

Properties built or operated specifically as student housing projects are often referred to as purpose-built properties. Student housing solutions in college areas are conventional, market-rate apartments which can also be known as student competitive apartments. Student accommodation across the globe – but specifically in the USA – are increasingly more expensive to both buy and live in. assessors commonly derive a market value using one of more of the three classic approaches to value: cost, income or sales comparison.

Taxpayers should outline the factors they considered in purchasing their property such as special financial considerations. Students should be quick to point out the differences between the two property types. For example, competitive apartments are valued by the square foot while purpose-built housing is valued by unit or bed. Owners should always emphasis the occupancy levels and fluctuation differences between competitive apartments and purpose built property, which may have a low occupancy during the summer months when school lets out. Pointing out the influence of the on-campus housing supply on the performance of an off-campus purpose built project.

7

Competitive properties usually include more studio and one to two bedroom apartments while purpose built properties have more three and four bedroom units. Competitive complexes rent by the apartment, while purpose built properties rent by the bed. Rental rates and costs of utilities and other amenities can often dramatically differ between the two property types. Finding an appropriate Los Angeles Tax Lawyers is the best thing you can do as a landlord to ensure you are working within the law. In an income approach, tax assessors typically use market driven rent, vacancy and expense factors to arrive at a net operating income figure that is then capitalised using a market driven rate. The most common mistake made using this approach is applying competitive market data in their analysis rather than purpose built market factors. Combined with increased demand for beds that accompanies accelerating enrolment at the largest universities, these healthy fundamentals will encourage tax and property assessors to boost property tax assessments. In many cases, tax assessors will produce inflated valuations that cannot possibly be supported by market data or realistic operating scenarios.

Finally, be mindful of how a property’s distance from campus affects rental rates. There is typically a direct correlation between proximity and higher rent levels, leasing velocity and occupancy for purpose built properties. The correlation isn’t as strong as student competitive prices here so be very careful of this. Even if the tax assessor is using correct data from comparable properties, owners should endeavour to challenge market factors in the assessor’s analysis. An operating statement can help distinguish the owner’s property from projects that lead to higher assessments. Pointing out specific income and expense items can show trends in rental rates, occupancy and expenses that differ from the market trends alleged by the assessor.

Even in a strong market, student housing owners should constantly monitor their property tax assessments and have the courage to combat assessments derived from sales or income data.

Property Tax Assessors: Student Information

Posted by on 9:46 am in Uncategorized | Comments Off on Property Tax Assessors: Student Information

Properties built or operated specifically as student housing projects are often referred to as purpose-built properties. Student housing solutions in college areas are conventional, market-rate apartments which can also be known as student competitive apartments. Student accommodation across the globe – but specifically in the USA – are increasingly more expensive to both buy and live in. assessors commonly derive a market value using one of more of the three classic approaches to value: cost, income or sales comparison.

Taxpayers should outline the factors they considered in purchasing their property such as special financial considerations. Students should be quick to point out the differences between the two property types. For example, competitive apartments are valued by the square foot while purpose-built housing is valued by unit or bed. Owners should always emphasis the occupancy levels and fluctuation differences between competitive apartments and purpose built property, which may have a low occupancy during the summer months when school lets out. Pointing out the influence of the on-campus housing supply on the performance of an off-campus purpose built project.

Competitive properties usually include more studio and one to two bedroom apartments while purpose built properties have more three and four

Feel free to use this image, just link to www.SeniorLiving.Org

Feel free to use this image, just link to www.SeniorLiving.Org

bedroom units. Competitive complexes rent by the apartment, while purpose built properties rent by the bed. Rental rates and costs of utilities and other amenities can often dramatically differ between the two property types. Finding an appropriate Los Angeles Tax Lawyers is the best thing you can do as a landlord to ensure you are working within the law. In an income approach, tax assessors typically use market driven rent, vacancy and expense factors to arrive at a net operating income figure that is then capitalised using a market driven rate. The most common mistake made using this approach is applying competitive market data in their analysis rather than purpose built market factors. Combined with increased demand for beds that accompanies accelerating enrolment at the largest universities, these healthy fundamentals will encourage tax and property assessors to boost property tax assessments. In many cases, tax assessors will produce inflated valuations that cannot possibly be supported by market data or realistic operating scenarios.

Finally, be mindful of how a property’s distance from campus affects rental rates. There is typically a direct correlation between proximity and higher rent levels, leasing velocity and occupancy for purpose built properties. The correlation isn’t as strong as student competitive prices here so be very careful of this. Even if the tax assessor is using correct data from comparable properties, owners should endeavour to challenge market factors in the assessor’s analysis. An operating statement can help distinguish the owner’s property from projects that lead to higher assessments. Pointing out specific income and expense items can show trends in rental rates, occupancy and expenses that differ from the market trends alleged by the assessor.

Even in a strong market, student housing owners should constantly monitor their property tax assessments and have the courage to combat assessments derived from sales or income data.