Wed, 2 January 2019
CW 1105: Inflation, Housing Downturn, Affordable Homes & Reduce Property Taxes with Tax Appeals with Keith McIntosh
Jason Hartman starts today's show talking about the all important need for everyone to adjust for inflation. You can't just take old numbers and use them in today's world, you won't find the right lesson from them. Later he inspects a recent CNBC story about the New York housing market (and high end real estate in general).
Then, Jason talks with Keith McIntosh, President of McIntosh & Associates, LLC, about protesting your property taxes for your rental properties across the country. Keith explains the different ways you can protest your taxes, why the government big data doesn't get it right all the time, and more.
[3:32] Always be adjusting for inflation
[9:49] CNBC story on the New York city real estate pullback and whether it's a general or specific pullback.
[13:13] Rent control stagnates the market, just like articially low interest rates stagnate people's movement
[18:01] The building of new affordable homes just isn't happening
Keith McIntosh Interview:
[23:34] The property tax process & the 3 typical opportunities to dispute
[30:00] How does the process with Keith's company work?
[32:24] Why is Keith's "big data" different/better than the tax assessors?
[37:07] Is there a non-automated product available?
[39:24] How much people are usually able to save when protesting their taxes using Keith's data
[41:36] Protesting your taxes gives you a cumulative effect over the years