Commercial brokers have a unique role as they interface and have relationships with all kinds of commercial property owners and investors. You do not need to be a depreciation or cost segregation expert. But you should know a little bit and help your clients take the step to get an estimate done on their building.
Every building should have an estimate. We can run them for no charge nor is there an obligation to do business with us. If you have a listing…get an estimate to have on hand to help you market the property. After all, one of the benefits of owning commercial (and residential investment property) is for the tax advantages offered by depreciation. If you aren’t segregating your building(s) you are not maximizing your tax deduction and thus tax savings.
If you are buying a building or representing someone buying a building – get an estimate. The new owner needs to know what’s possible with this building. It might also help them to make the decisio to move forward on the deal.
Building owners might see a tax savings of $30,000 – $70,000 per $1 million in building cost or basis. The savings is significant. The study fees are but a small fraction of that savings.
Reach out if you’d like more information. Let’s connect on our commercial broker referral program as well. There’s an opportunity for you to build another revenue stream for your brokerage while providing a valuable service to your clients.
