Correction: Apartment properties NOT eligible for Iowa Property Tax Relief Act

Yesterday we reported on How to Apply for Property Tax Relief Act for apartment owners but that information was incorrect. Multifamily apartment owners are not part of this relief act, actually they are part of a rollback program over the coming years. You can review and get more details of the Iowa Property Tax Reform here:  

List Your Properties on for Free!

Iowa Rental Property Providers: List Your Properties on for Free!   Dear Property Provider:   The Iowa Finance Authority (IFA) is pleased to introduce, a service that will allow greater access to real-time Iowa rental housing information.   We strongly encourage you to use the new site to advertise properties free of charge beginning today. The site will be…

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How to apply for Iowa Property Tax Relief Act

NOTE: This does NOT apply to multifamily apartment properties The Iowa Property Tax Relief Act, adopted June 12, 2013, created a Business Property Tax Credit for which all owners of Iowa real estate assessed as commercial, industrial and railroad property can apply. The credit is not automatic, but the owner must submit an application to the local assessor. The Iowa…

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DISPOSITION WATCH for Apartment Owners

Since January 2013 calls from buyers looking for multi-family units have increased. •Buyers have become aggressive •Marketing times have decreased •Sales prices have increased In our opinion this has clearly become a Seller’s Market.  In spite of this change, very few owners have put properties on the market.  We believe owners are reluctant sellers for 2 reasons: 1.Potential sellers don’t…

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Home builders turning to rental apartment building

This statement caught our attention reading this article recently: Since 2005, according to the U.S. Census Bureau, every new household formed has been a rental household. The sector has been underbuilt since 2004, so there is a lack of product available, which in turn has caused rents to rise steadily in most markets. New construction is increasing, but it is…

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16 units / 2 – 8 Plex buildings recently listed

MultiFamily Associates recently listed 16 units made up of two 8 unit buildings face to face. Contact us for a complete property package Skogman Commercial Group MultiFamily Associates – (319) 360-6118 Multifamily Property For Sale 1233-1237 3rd Ave SE 1233 3rd Ave SE, Cedar Rapids, IA 52403 Price: $276,000 No. Units: 16 Building Size: 6,150 SF Price/Unit: $17,250 Property Type:…

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CCIM Investment Trends Quarterly Report

The CCIM 2nd Quarter Investments trends report was recently released. You can download a copy here to review:  Apartment trends are found on Page 13. We’ve had a very busy 2012 with a number of sales and closings as well as a number of new listings. The apartment markets in eastern Iowa are very solid!

Iowa Supreme Court upholds Residential Co-op law

A number of landlords, looking for property tax relief, have been waiting for this Iowa Supreme Court decision. It is a very favorable decision for those wanting to convert to residential co-op status Are you considering a co-op or need more information? Contact us for a private consultation.

Another article apartments continue to be a good investment! reported multifamily apartment investments will continue to be strong through 2015 The entire article can be read here: The article reads the outlook is very good, demand for rentals continues to swell. Contact us for a private consultation We have a number of apartment buildings coming on the market in the coming months. If you are a buyer looking…

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Apartment Rents to rebound in 2011

Multifamily indicators continue to move upward and here’s an interesting article from a couple weeks ago about increasing rents in 2011 Have you raised rents in the past year or left them the same? Related articles, courtesy of Zemanta: The Multifamily CMBS Paradox If My Life is For Rent Investors thirst for multifamily bets