Income Property

There can be many benefits to buying income property. Investopedia states that some income properties can be included as part of a retirement plan.

Forbes states that parents purchasing a home in a college town for children to live in while attending college may be a good investment verses paying for their rent. It can remain an income property after they graduate or serve as a home the parents will eventually move into. Claiming a depreciation deduction on federal income tax is a great benefit when owning rental property.

Nolo gives the Top Ten Deductions for Landlords and an article on how to Calculate Income and Cap Rate.

Rental Housing was researched and a report published on America’s Rental Housing: Evolving Markets and Needs by the Joint Center for Housing Studies of Harvard University.

An Ann Arbor Income Property currently listed by Reinhart Commercial’s Bela Sipos is at 1700 Packard. This great 2-story brick building is located in the Lower Burns Park neighborhood. It has two (2) bedroom units on the 2nd floor. The main floor was an office and the best use would be to convert it back to residential.  Includes an ample black-topped parking lot at rear of building. Newer roof, windows, furnace, and doors.

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Urban Land Institute’s Emerging Trends in Real Estate 2015 Report

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Cities, Commercial Real Estate, Real Estate Trends

The Urban Land Institute and PwC (PricewaterhouseCoopers) have published their Emerging Trends in Real Estate 2015 forecast report.

This is a lengthy report but worthwhile to peruse.

Some points in “Chapter 1: Sustaining Momentum but Taking Nothing for Granted” are:

• Job growth will be in those cities that have an activity in the evening, the live-work-play experience
• During the next seven years watch whether millennials stay in urban centers or move to the suburbs
• Boomers actually set the trend of moving to urban areas
• Medical office use strengthening
• US labor force may face a worker shortage
• Technology is pushing the change of how space is used; focus on tech and media companies to lease office space, retailers are using the internet to drive consumers into stores
• US is not investing in its infrastructure, which will be a problem for real estate if it continue; public/private partnerships may help

“Chapter 2: Real Estate Capital Flows” indicates that for 2015 it may be better to be a seller than a buyer.

A few points in “Chapter 3: Markets to Watch”

• You have to pick the right market that will be sustainable
• Crowdsourcing is a movement to raise capital for real estate which may be subject to regulation in the future
• Equity and debt investors are moving ahead, carefully
• Capital will continue to flow in more markets in 2015
• Dollars invested in tertiary markets continue to grow
• Due to rising labor costs overseas, US manufacturing is coming back

“Chapter 4: Property Type Outlook”, provides an in-depth look at these property types: Industrial, Hotels, Apartments, Retail, Offices, & Housing.

We’re not asking for the coat off your back but…

Donate a coat to those in need.  Reinhart’s 19th Annual Coat Drive is in full swing this month and you may bring your good used coats to any of the Reinhart Sales Offices in Ann Arbor, Saline or Chelsea. Coats will be dry-cleaned and given to local agencies. Your donation will ensure that fewer people will be left out in the cold.  Thank you!!!

Contact our office if you have any questions:  734-747-7888

Get Ready for Ann Arbor Restaurant Week!

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Ann Arbor, Ann Arbor Restaurant Week, Charles Reinhart Company, Main Street Area Association, Reinhart Commercial

Restaurant Week returns to Ann Arbor Sunday, January 20 through Friday, January 25.

 

Launched in 2009 by the Main Street Area Association, Restaurant Week features extraordinary three course dinner menus and prix fare lunch menus from Ann Arbor’s best restaurants. 

Participating Restaurants Include:

• Amadeus Restaurant
• Arbor Brewing Company
• The Arena
• Argiero’s
• Bandito’s California Style
• bd’s Mongolian Grill
• The Black Pearl
• The Blue Nile
• The Blue Tractor
• Cafe Felix
• Carlyle Grill
• Carson’s American Bistro
• The Chop House
• Conor O’Neill’s
• The Original Cottage Inn
• The Earle
• FritaBatidos
• Gandy Dancer
• Grand Traverse Pie Company
• Grange Kitchen & Bar
• Gratzi
• Grizzly Peak
• Isalita
• Jamaican Jerk Pit
• Jazzy Veggie
• Jolly Pumpkin Cafe & Brewery
• Kuroshio
• Lena
• Logan
• Mahek
• Mani Osteria & Bar
• Marnee Thai Restaurant
• Mediterrano
• Melange Bistro
• The Melting Pot
• Metzger’s
• Mercy’s
• Miki Japanese Restaurant
• Old Town Tavern
• Pacific Rim
• Palio
• Prickly Pear Cafe
• The Quarter Bistro
• The Ravens Club
• Real Seafood Company
• Stachel’s BBS
• Sava’s on State
• Seva
• Shalimar
• Silvio’s Organic Pizza
• Vinology Wine Bar & Restaurant
• Weber’s Restaurant

 

Click here for more information about Ann Arbor Restaurant Week.

 

Spotlight on Powerhouse Gym in Saline

Have the Olympics inspired you to get to the gym?

Tucked in The Oaks, off Michigan Avenue in Saline, Michigan, is Powerhouse Gym, the fastest growing gym licensing organization in the world. Personal Trainers are available at Powerhouse Gym as well as Group Exercise Classes, taught by dynamic and experienced instructors. Group Exercise classes include:

• Yoga
• Spinning
• Boot Camp
• Cardio Kickboxing
• Circuit Training
• ZUMBA
• Butts and Guts
• Boxing Bag (Heavy Bag Workout)

For more information about Powerhouse Gym in Saline, Michigan, visit their website.

Reinhart Commercial is a leader in the Ann Arbor region with an experienced team of professionals who possess a thorough knowledge of the market. Reinhart Commercial agents deliver a wide scope of services including sales and leasing of a full range of commercial and income producing properties.