News: Finance

Tony Trodella: A Tribute from Dick Dennis

Many, maybe most of us, will remember the tv ad where the mother would call out "Anthony" and a bright young boy would come running. So it was with Anthony, Tony, Trodella. It must have been God's design to have Tony Trodella there when we called out Anthony. So many of us, and you know who you are, have called out to him and he always came running. He never failed to come running. Teacher: In the highest essence. Translating, authoring and transmitting not only the techniques of appraising, but revealing the soul of the profession calling for espousal thereof. Guardian: Dedicated to the highest standard of performance and attacking those incidents when and where they were challenged. Fearless champion. Leader: He carried the banner for us in many positions and over many years. Never stepped back from a request or a need. With a creative view that could see beyond the horizon, he led the MBREA into the national arena where its great organizational flavor, sweetened by his leavening, has permeated its atmosphere and invited the appraisal world to be better. When we call now who will come running? God have mercy on us all. God bless Tony. No more running Anthony. RIP. - Dick Dennis
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 Real estate without good estate planning - a troublesome problem - by Daniel Calano

Real estate without good estate planning - a troublesome problem - by Daniel Calano

I spent the better part of a day this week working with attorneys on estate planning. I am clearly not an attorney, but I have learned much over the years while consulting on real estate, its potential, its future during the life of clients, as well as, shall we say, later.
It’s a confusing real estate world: Don’t you think? - by Daniel Calano

It’s a confusing real estate world: Don’t you think? - by Daniel Calano

The news is full of “never before” pronouncements. Never before has there been a pandemic so impactful on real estate. Never before has technology allowed for remote business meetings on such a frequent basis. Never before would people so comfortably work from home as to vacate office buildings, at least on Fridays and Mondays.
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

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.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

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