Episode 066 | Managing Unpredictability in the Real Estate Industry

Real estate managers and developers have many concerns heading in to 2024, from rising interest rates and banking liquidity issues to uncertainties in federal legislation regarding tax cuts and allowances.

In this episode of The Wrap, Cristy Andrews, CPA, CGMA, leader of the firm’s Real Estate Practice Group, and David Borsos, Vice President of Capital Markets with the National Multifamily Housing Council (NMHC), join our hosts to discuss the current state of the real estate industry and opportunities for property owners, managers and developers. 

In this Episode, you’ll hear:

• About the challenges in real estate capital markets due to rising interest rates, housing shortages and decreased banking liquidity
• Information about the shifts coming in 2024 to the Tax Cut and Jobs Act regarding bonus depreciation allowances
• How remote and hybrid work are leading to shifts in property management
• Ways technology can provide solutions for the real estate industry to centralize data, combat labor shortages and avoid fraudulent resident screenings
• Strategies to control real estate management budgets while property tax assessments and insurance costs rise at historic rates

Resources for additional information:

• Blog: FAQs about 1031 (Like-Kind) Exchanges by Real Estate Investors
• Blog: 6 Tax Planning Items Every Business Should Consider in Year-End Tax Planning
• Blog: The Real Estate Professional Tax Status: Do You Qualify?
• Blog: Inflation Reduction Act Upgrades the Section 179D Tax Deduction (11.2022)
• Blog: The Principles of Proactive Tax Planning [Five Considerations for Business Owners]