Author Nick: patrick
Name: Patrick Oconnor
Site: http://www.poconnor.com
About Author: Patrick C. O'Connor has been president of O'Connor & Associates since 1983 and is a recipient of the prestigious MAI designation from the Appraisal Institute. He is also a registered senior property tax consultant in the state of Texas and has written numerous articles in state and national publications on reducing property taxes. He continues to set the standard in direction and quality of our appraisal products, adding services ranging from business valuations and business appraisals to cost segregation analysis for income tax reduction.
Business purchase price allocation is necessary following the purchase or sale of a business. The purchaser needs to allocate the total purchase price to establish their books for the purpose of calculating amortization and depreciation. The seller needs to allocate the price to calculate their taxable income and taxes. Assets can include business enterprise value, [...]
The Texas Property Tax Code for many years had required owners of business personal property (BPP) to annually render those assets used in a business. Rendering is summarizing to the central appraisal district the ownership and value of the assets. Historically, however, over half of all owners of business personal property have not rendered.
The Texas [...]
Renovating and upgrading an investment property acquisition is a source of both opportunity and risk. When a property has deferred maintenance, the cost of curing the deferred maintenance can be difficult to estimate without obtaining bids from contractors. Upgrading a property is an excellent option for enhancing investment returns. However, selecting which areas to upgrade [...]
Financial Modeling is essential for making decisions to acquire, keep or sell investment real estate. The central aim is to provide a framework evaluating options and risks. Financial modeling is also utilized for decisions regarding material capital expenditures and leases. Financial modeling is used regularly by operating businesses to make a variety of decisions. Properties [...]
A casualty loss may occur as a result of a flood, hurricane, tornado, mudslide or other natural disaster. The intuitive thought pattern is: “My apartment complex worth $5,000,000 suffered major damage totaling $1,500,000 for repairs and rent loss. Fortunately, I was completely covered for both physical damage and rent loss, other than a small deductible. [...]
Commercial comparable sales data is essential for making well-reasoned decisions regarding buying, selling, financing or appraising commercial real estate. Oconnorcomps.com offers San Antonio real estate professionals the timely and accurate commercial comparable sales data they need to work effectively and efficiently.
O’Connor comps.com has more commercial comparable sales data for Texas than any other source. Commercial [...]
Tax reduction and tax deferral are the primary benefits of obtaining a cost segregation study. Tax reduction occurs since more income is taxed at the capital gains rate instead of the ordinary income rate. Tax deferral occurs since depreciation is accurately taken in the early years of ownership.
Additional benefits other than tax reduction related to [...]
Will the Landlord Pay?
The landlord is usually willing to fund tenant improvement expenditures provided he is confident the tenant has the financial capacity to pay rent for the term of the lease. For large companies with strong balance sheets, landlords will generally spend as much as is requested on tenant improvements. Of course, the cost [...]
Property taxes are a substantial expense for Texas homeowners, averaging about $3,600 annually. To reduce this expense, property owners should annually review and consider appealing property taxes. While there is no guarantee that an appeal will be successful, a recent survey conducted by O’Connor & Associates indicates that 70% of property tax appeals are successful.
Since [...]
Commercial comparable sales data for the Dallas/Fort Worth area is available from Oconnorcomps.com. Timely and accurate data regarding commercial comparable sales is essential in making prudent decisions regarding buying and selling real estate. Real estate professionals in Dallas and Fort Worth regularly rely on commercial comparable sales information from O’Connor & Associates as the basis [...]
