Once again, little “Cow Town” Columbus has received national recognition!!!   We were ranked the SIXTH in the ”Best Bang for the Buck” category and SECOND in “Median House Price/Median Household Income” category.

http://www.forbes.com/2008/10/10/cities-buck-economy-forbeslife-cx_ab_1010realestatebest_slide_6.html?thisSpeed=20000

We also have the prestigous Battelle / Ohio State “technology corridor” that helped us rank FIRST in the country in “Up-And-Coming Tech Cities.”

http://www.forbes.com/entrepreneurstechnology/2008/03/10/columbus-milwaukee-houston-ent-tech-cx_wp_0310smallbizoutlooktechcity.html

Want to increase the tax benefits of your rental propeties???? 

Substantially increase your depreciation deduction by segragating all the components of the property - the whole way down to elecrical outlets.  There are 3 classes for depreciating residential rental homes - 5 years accelerated, 15 years accelerated and 27.5 years straight-line.  Guess where you want the most of the property depreciated???   in the 5 year category, where you can deduct a whopping 52% in the first 2 years or around 5% for 27.5 year category. 

The number of Renters will increase substantially as people are unable to purchase homes and lose their homes to foreclosure.  We will finally be able to increase rents and decrease vacancy!!!  2004 - 2006 were bad times for Landlords - many “bought” homes on sub-prime, adjustable mortgages starting at unrealistically low rates and with little or no downpayment.

http://www.nytimes.com/2008/06/21/us/21renters.html

http://www.jchs.harvard.edu/publications/rental/rh08_americas_rental_housing/rh08_intro.pdf

http://www.irs.gov/businesses/small/industries/article/0,,id=98491,00.html