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Dear Clients and Friends

The coronavirus pandemic has caused unprecedented and unexpected disruptions to almost every facet of our lives and this will surely flow through to the relationships between tenants and landlords and ultimately the valuation of real estate.

We hope that all our valued owners and managers will do everything they can to keep tenants in place and hopefully everyone gets back to work safely and soon.

Your real estate taxes for 2020 will likely be unaffected by the disruptions and the governments’ mandated stay-at-home orders because the real estate values are based on January 1st of each year, and by all accounts real estate, especially industrial properties in South Florida, were at phenomenal levels at the end of the 2019.

However, the 2021 appraised values for tax assessment purposes will need to take into account the lost cash flows, and loss of subsequent value that may occur as a result of tenants being shutdown or landlords proactively cutting rents or providing other incentives.

We expect to have a very active tax appeal season for the next two years because of this, and we urge all returning and new clients to attempt to keep notes on how the shutdowns have affected their properties and any deals they are making with tenants.  Most appeals will rely on factual numbers to analyze property but personal stories are helpful as well.

We hope everyone is able to stay safe and healthy.

Please email us if you have any questions or concerns.

Email of the Week: 06-09-2020

Introducing the first in our educational video series. This presentation will cover some basic negotiation concepts and tactics that can benefit everyone in their daily lives.

Email of the Week: 02-14-2020 – Yes I know it’s Valentine’s Day, but I’d rather complain about the traffic.

Just wash your hands, people.

Email of the Week: 01-31-2020

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Get your facts first, then you can distort them as you please.

– Mark Twain

 


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Easily update over 300 commons Windows Programs – https://patchmypc.com/

 

 

The Real Estate Clock

With our 40 plus years of real estate experience in South Florida, one of the most important lessons we have learned is that real estate values and investments rise and fall just like the hands of time go around this circle.

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“Once again, we come to the Holiday Season, a deeply religious time that each of us observes, in his own way, by going to the mall of his choice.”

— Dave Barry


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Smile.Amazon.Com
Let all your holiday purchases from Amazon help fund the Charity of your choice by going to Smile.Amazon.Com instead of the default amazon.com URL.


 

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Working hard for something we don’t care about is called stress: Working hard for something we love is called passion.

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Corporate BS Generator

Have some fun at your next meeting.