Winning with Commercial Real Estate

“Winning with Commercial Real Estate”

In an age of uncertainty a great Canadian success story is developing in Vancouver B.C. with an entrepreneur named Harmel Rayat.

He is going to share his wealth of experience in real estate ownership and value investing with accredited investors who desire a safe and reliable place for their hard earned money.

Harmel says real estate can deliver a steady steam of cash flow with reduced risk and without the complexity of high fees under his stewardship, so that the investor has a better chance of winning.

It was a pleasure speaking to the author of the new book titled

“Winning with Commercial Real Estate”

wherein Harmel describes his unique formula TROPHY as a roadmap to success in real estate investing. TROPHY has worked for Harmel, with its application Talia Jevan Properties Inc. has grown from an initial investment of $ 20 million to about $145 million in a matter of eight years growing annually by a simple 35% (311% growth on equity) and with a modest leverage ratio of about 50% according to the book.

Harmel understands the fundamentals of real estate that it is long term and appreciates slowly over time while providing a steady cash flow to the patient investor.

Harmel’s real estate journey inspired by his father, he has gone into the business of real estate in a whole-hearted way.

Buying, owning and managing his own properties he has brought a down to earth approach to dealing with tenants.

Good tenant relations being the key to long-term tenant retention resulting in a favorable environment.

Wherein tenants stay and grow within the property.

It was a pleasant surprise to read the praises given by the tenants

in Talia Jevan Properties Inc. and I would not be surprised that

this is a direct reflection of Harmel Rayat’s core values and

management style; retaining tenants and slowly building wealth.

As the President and CEO of the corporate landlord Harmel Rayat is directly responsible for the great atmosphere, strategic selection of prime properties – playing the long game in investing, tenant retention and the fantastic consequential financial results of Talia Jevan Properties Inc.

Action speaks louder than words and the team at Talia Jevan Properties lead by Harmel Rayat is acquiring, managing and growing wealth with real estate. Here is a link to Talia Jevan Properties Inc. website to check out their current property portfolio and contact info: www.taliajevan.com .

Harmel advises due diligence to all investors when considering any opportunity, look at the track record look at what they have done for investors and for themselves. You may have the opportunity to participate with Harmel Rayat and his team as they venture into real estate acquisitions and management, be prepared to consider the future possibilities.

Harmel S. Rayat is preparing to launch a limited partnership in 2016/2017 look out for the prospectus it may result in you winning with commercial real estate investing.

The above article is meant to stimulate discussion for educational purposes and is not meant to promote Talia Jevan Properties Inc. or provide financial/investment advice, legal, tax, engineering or environmental advice. Conduct the appropriate level of due diligence with all investment opportunities and consult with the appropriate licensed and registered professionals who are insured and can protect your interest(s).

Always read any prospectus, investment summaries and appreciate that investing in real estate is a long term commitment and therefore lacks the ease of liquidity that alternative investment products may offer. Past performance is no guarantee of future results, kindly invest responsibly and govern yourself accordingly.

www.envoycapitol.com

Envoy Capitol Realty Inc., Brokerage     Toronto, Canada

Your real estate solution in Toronto.

Blog : www.yinvestthinktank.blogspot.com

Twitter : EnvoyCapRealty

Email: capitalmoves@gmail.com

Check out our books for the real estate investor on Amazon;

The Greatest Money Machine     and  SILVER BULLET INVESTING

 

Year End Action

Year End Action   

Taxes and Death, in that order two certainties of Life.

Declaring all your rental income from your Condo in Toronto, to the secondary units in your home or other investment real estate should be naturally done, because eventually it will be revealed, then it will be painful with penalties and interest.

Equally important is the reporting of any sales of investment properties as there will naturally be tax consequences.

Do not ignore your tax liabilities like an individual that purchased a Condo units several years ago and sold it a few years ago and was made aware of the tax consequences by the CRA because he failed to appropriately report (and file) his revenue and expenses. He made matters worst by ignoring the tax bill sent to him, that resulted in his bank accounts being frozen until he deals with this matter satisfactorily.

Don’t be this Canadian citizen now with a heavy tax liability.

It does not need to go there. Report regularly, keep your paperwork in order and use a good CPA so that your life remains simple.

Better to be pro-active than re-active and it will cost you a lot less in the end. And if you receive a letter from the CRA deal with or have your CPA deal with it in a timely manner.

Most investors learn eventually that it is less expensive to use a professional early in the investment cycle. 

The annual ritual of collecting, organizing and delivering of your investments documents and receipts to your accountant in order to prepare the financials may seem a major undertaking but it doesn’t have to be that way. If you have more than two properties using organizing software or an App for your tablet may be a useful exercise and can be easily shared electronically with your accountant.

On the form; “Statement of Real Estate Rentals” provided by the CRA helps you organize the necessary information starting with the period it represents to your personal info like; SIN, Name and Address.

Under the Income section; details of the addresses of the properties and number of units and the gross rents you collected and ending with the Total – Gross Rental Income. This amount will go on your tax return on the appropriate line indicated on the form.

The next large section deals with the Expenses; and here you list all the expenses that you incurred for the operation of the properties to help you make the income and will be claiming that was spent in the time period defined.

Once the cash in flows and out flows are dealt with, the form requires you to detail your co-owners; full names, their SIN numbers, the percentage of ownership; Share of net income(loss) before CCA and lasting the Share of CCA. That’s page one, page two is Capital Cost Allowance Schedule.

The topical area of Capital Cost Allowance (CCA) requires you to seriously sit down with your tax advisor/ chartered accountant and navigate the whole idea of buying hold acclaiming CCA and eventually selling of the investment property.

Each and every investor will have a different motivation and history with the properties they purchase, understanding the investor’s intentions and desires at the outset will assist greatly in determining the cash flow strategy to employ to achieve maximum benefit.

1 : Locate and select the tax/financial advisor and CPA you want to work with and who will file your paperwork on time for a reasonable fee.

2 : Gather all the important/necessary information.

3 : Based upon what format your tax/ financial advisor says; whether software, App, spreadsheet or simply paper – preliminarily organize and populate the information into the appropriate form.

4: Meet with your tax/ financial advisor discuss the numbers you prepared and the timing for them to do their work.

5 : Once you have the initial draft for review and you approve it for submission [by signing the authorization, because you are ultimately liable for all the paperwork and submissions], this establishes a benchmark and now you know what information you should be keeping and start measuring your performance against it going forward.

If you have a large profile of properties the meeting with your accountant should happen earlier and more frequently.

These are links to some useful and helpful resources ;

www.taxplanningguide.ca

www.grantthornton.ca

www.pwc.ca

also Google;   taxmatters@EY [ Ernst & Young ]   and   Deloitte

Understanding all real estate investments have tax consequences should help the investor better plan for this eventuality.

The above is not meant to be tax advice but for educational purposes to initial discussion and awareness of tax issues. It is strongly recommended that businesses and investors seek professional advice from a competent CPA (accounting professional) who understands Canadian taxes and tax strategies.

http://www.envoycapitol.com 

Thinking about investing or selling an investment property ?

We can help with our talented team of professionals at

Envoy Capitol Realty Inc., Brokerage  call or email us and we would be happy to meet with you and review your investments and options.

Email :  capitalmoves@gmail.com         Telephone (416) 441-6163

Check out our books on Amazon ;

The Greatest Money Machine and Silver Bullet Investing

   

3219 Yonge Street, Suite 227 Toronto Ontario M4N 3S1

Smart Office Trending

Smart Office Trending

 

Yes disruption is coming to real estate and work place environments will be changing in the future. As our workforce changes and better adapts to

the new productive space planning and the idea of work any place any time gets better embedded into our culture. Our office building design and layouts will be impacted and we will need less of it.

 

The above is a cautionary note to office property investors and owners to re-think their current holdings and prepare for future smart renovations so that their inventory remains fresh and in demand.

 

The use and design of future office space is driven by the user’s business culture and vision of their need to inspire their people to collaborate and be productive with solutions for their clients.

 

Less space and fewer walls leads to more interaction and access for all the associates, seems to be the direction to go to achieve this aim among many organizations.

 

However flexibility is also needed in the planning of space usage, not just one big open space but a variety of space layouts with some private space (specialty areas) and a flow to open spaces that fosters the sharing of meaningful information central to the organization.

 

Thinking about what the organization wants to achieve with their most valuable resource – their people, leads to better planning of the space design. And only bringing people together when and if the need arises, otherwise they work productively remotely and save on wasteful travel time just to get to the office. People save their travelling energy and focus on the necessary work. More gets done with less wasted energy.

 

A recent tour of the short-term office leasing Regus Centre in mid-town Toronto offered a view to the future; with the variety of space layouts both open and private meeting rooms. Along with the idea of booking the space as needed and when needed. This efficient use of space and time is a great idea.       [ www.regus.ca ]

Only use it when you need it and only pay as you need it.

Envoy Capitol Realty Inc., Brokerage’s talented team can meet with you to discuss your business and professional space needs throughout the GTA. We can help you with your current space and help plan for future space, whether buying, selling, leasing or design build.

Call us we would love to talk about real estate with you.

www.envoycapitol.com

Email us at :      capitalmoves@gmail.com 

Check out our books at Amazon;

The Greatest Money Machine and Silver Bullet Investing

  

 

 

Envoy Capitol Realty Inc., Brokerage   Toronto, Canada (416) 441-6163

Twitter : EnvoyCapRealty

Facebook : Envoy Capitol Realty Inc.,

Facebook : The Greatest Money Machine