Who Wants to Reduce Taxes on Their Real Estate Investment Income?
May 24th, 2017 | top of page

I recently met someone who can help you combine the twin problems of business risk and high taxes and, as a result, make yourself more money! Her name is Victoria Powell and I want to share just one of her insights with you. Victoria likes to quote the negotiating master Chris Voss (www.blackswanltd.com/about/team/chris-voss):  “Don’t be so sure of what you want that you won’t accept something better.” Maybe there IS something better you can do to Continue Reading

Marketing Secrets of Mitch Meyerson
May 14th, 2015 | top of page

I met Mitch Meyerson last night (5/13/15) at the Arizona Marketing Association’s monthly meeting that’s organized by Chuck Trautman. Chuck always does a great job bringing relevant and informative speakers who deliver real, actionable content in their presentations. Last night was no exception with Mitch Meyerson’s presentation on marketing. The presentation got off to a good start for me as I was able to answer Mitch’s first marketing question (“When was Jay Continue Reading

Victor’s Insider Scoop on What You Can Do If Your Property Insurance Company Won’t Pay or Low-Balls Your Claim
December 3rd, 2013 | top of page

If you own a multi-family property you’ve got it insured, right? And if you’ve owned your apartment for a while, or have several properties, the odds are pretty good you’ve already had or will soon have a large insurance claim. Your insurance agent probably sold you a policy to cover you against weather-related incidents like hurricanes, tornados, rainstorms, hail, for damage due to fire, smoke and water, and liability issues like slip and fall. In short, you’re Continue Reading

Victor’s Insider Scoop on Why Your “WHY” Trumps Your “HOW” and Your “WHAT” Everytime.
December 17th, 2012 | top of page

How do you get what you want? Your answer to this question is independent of whether you’re trying to get a customer to sign a contract or your kid to take out the trash. That’s because there are only two ways to get someone to do what you want them to do: you can manipulate them or you can inspire them. 
Most of us get it wrong! Most people try to manipulate. And for good reason: it Continue Reading

Victor’s Insider Scoop on Basic Guidelines for Insuring Your Apartment
November 11th, 2012 | top of page

You’re about to close escrow on a new multi-family investment and you’re shopping for an insurance policy to protect your investment. Here are a few Guidelines you’ll want to follow to ensure your apartment insurance policy can be underwritten by a Preferred Carrier (an “A” rated company with stable financial backing). The complex needs one of the following types of supervision: • A full–time resident manager, or • An owner residing in the complex, or • A Continue Reading

Victor’s Insider Scoop on What Are QR Codes and Why Should You Care? …
February 10th, 2010 | top of page

What, you don’t know! Don’t be embarrassed. I didn’t know either until last week when someone in my MasterMind Group brought them up. QR Codes, or Quick Response Codes, are two dimensional Barcodes developed by Denso and released in 1994 with the primary aim of being easily interpreted by scanner equipment in manufacturing, logistics and sales applications. Compared with other barcodes, QR Codes have several advantages: (i) they can hold a very large Continue Reading

Victor’s Insider Scoop on What IRS Auditors Look for When Examining a Business …
September 15th, 2009 | top of page

When an IRS auditor shows up in your office be aware that they are there not just to examine your return—they are also there to examine you. If there is a disconnect between your reported income and the perceived economic reality of your appearance and surroundings you can expect the auditor will raise a red flag. Tax attorney and author Fredrick W. Daily states that the IRS is likely to investigate these eight areas when your small Continue Reading

Victor’s Insider Scoop on How Bank Assets are Classified* …
November 15th, 2008 | top of page

Like every other aspect of a bank’s operation, directors have responsibility for keeping abreast of their bank’s asset quality. Bank examination reports, internal and external loan review data and ongoing loan reports are key information sources in assessing a bank’s asset quality and credit risk. Asset Classifications During their review, examiners assess the inherent credit risk in a sample of a bank’s interest bearing assets—loans and securities. An asset will be assigned either a pass or classified Continue Reading