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News:
Finance
Posted: April 6, 2010
Edward Riekstins 2010
Name: Edward Riekstins
Title: President
Company: Q10 | New England Realty Resources
Location: Ten Winthrop Sq., Suite 100, Boston
Place of Birth and Year: Rochester, N.Y., 1963
Family: Wife Deby, Children, Adam (11), Troy (9), and Katrina (5)
College: Boston University - Business Management; Bentley College - MBA
First job outside of finance: Bartender at Bay Tower Room
First job in finance or allied field: Financial Analyst at Coldwell Banker
What do you do now and what are you planning for the future? Commercial loan origination (there are signs of life out there), debt markets are coming back; property management for life insurance companies, consulting.
Hobbies: Time with family, soccer, skiing, workout
Favorite book: "The Go-Giver" by Bob Burg
Person you most emulate (outside of family): Dan Taylor, strategic coach
Key to success: Perseverance
If you were forced to choose another vocation what would it be? Acquisitions and investment in real estate.
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Finance
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Quick Hits
Columns and Thought Leadership
Are appraisers on the same page as the assessor? - by Richard Seman
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
