Our Services
Include: | • Commercial Leasing
• Commercial Building Sales
• Landlord Representation | • Tenant Representation
• Property Management
• Development | • Syndications
• Property Tax Appeals
• Investment | | |
Commercial Sales and Leasing/Landlord Representation • Big or small problem - get the same professional service & attention
• Using marketing skills to develop creative solutions
• Using market knowledge to help you price & position your property
• Place an appropriate sign at your property at no extra cost
• Create a marketing flyer at no extra cost including complimentary Photograph
• Floor plan & other salient facts
• List the property information on local and national commercial MLS Sites
• List the property at www.HoffLeigh.com
• List the property with our Hoff & Leigh (in-house) Agents Network
• Show the property to our Agents Network via our exclusive Broker Tour
• Deliver the property information to our data base of E-mail recipients
• Foot canvass & deliver property information to adjoining Owners & Tenants
• Deliver property information to the Realtors Commercial & Industrial Society
• Place appropriate advertising in local print media
• Distribute property information through our extensive marketing network
• To provide a live-operator to answer all in-coming prospects calls
• A Hoff and Leigh Representative is present for each showing
• Sell the prospect on the merits of your property
• A streamlined process to make your transaction easy
• A template of the process to provide consistent service
• Prepare a complete, professional paper trail & follow the deal to closing
• Think outside the box for creative solutions
• HLMI Broker problem resolution through our managing broker or owner
To provide Superior Communication, we commit to the following:
• Welcome letter from Managing Broker & Owner
• Actively listen to really understand your needs
• Return your calls on the same day or at least within 24 hours
• Contact you with periodic verbal reports, good or bad
• Delivering monthly written activity reports
Tenant Representation We understand the importance of the working environment and its direct impact on your employees' productivity. Most companies don’t know this, but tenant representation is free of cost! Why not use our knowledge to leverage your time, energy, and money! As your advisors, we have created a 5 step process to make your search effective and efficient. - Feasibility Study
- Market Analysis
- Market Interaction
- Project Execution
- Lease/ Purchase Management
Property Management Hoff & Leigh Management provides a full array of property management services including the following:
• Financial Accounting Management
• Collect all rent and other income
• Pay all bills * Remit proceeds to owner
• Escrow account for owner
• Produce monthly reports
• Cash flow analysis
• Income statement
• Balance Sheet
• Produce annual reports
• Annual income & expense forecasts
• 1099 for personal tax return
• Facility Management
• Landscaping services
• Snow removal
• Janitorial services
• Heating, Air Conditioning & Plumbing repairs
• Electrical repairs & light bulb replacement
• Painting & drywall repair
• Floor covering replacement
• Tenant Management
• Develop rapport with existing tenants
• Negotiate lease renewals
• Handle re-leasing of vacant space
Investments 1031 TAX DEFERRED EXCHANGE
Thanks to IRC 1031, a properly structured 1031 Tax Deferred Exchange allows an investor to sell a property and reinvest the proceeds in a new property and defer all the capital gain taxes.
To understand the powerful tax deferral protection an exchange offers, consider the following example:
A Seller/Investor has a $200,00 capital gain and incurs a tax liability of approximately $70,000 in combined taxes (depreciation recapture, federal & state capital gain taxes) when the property is sold. Only $130,000 remains to reinvest in another property.
Assuming a 25% down payment and a 75% loan-to-value ratio, the Seller would only be able to purchase a $520,000 new property. If the same Seller/Investor chose to exchange, however, he would be able to reinvest the entire $200,000 of equity in the purchase of $800,000 in real estate.
Exchanges offer the following benefits:
• Financial Accounting Management
• Collect all rent and other income A delayed exchange is the most common exchange format. The exchanger must properly identify potential replacement properties within 45 calendar days from the closing of the relinquished property (the first sold property). The new purchase (the replacement property) closing must occur within 180 days of that sale. The investor may identify 3 possible replacement properties. Simple rules:
• You must invest all the exchange proceeds • You must acquire property with equal or greater debt • The newly acquired property must be "like-kind" • You can never take constructive possession of the proceeds from the 1st sale • You must hire a qualified intermediary • For more information to: www.apiexchange.com Our clients are get experienced advice on individual investment opportunities, from single family, residential rental properties, to large multi-tenant commercial property. Our goal is to match the investment with the investor, helping each investor (you) achieve their (your) goal.
COMMERCIAL INVESTMENTS
Hoff & Leigh is qualified to assist investors with quality commercial property investment. Hoff & Leigh has the experience to find quality property for investment. Hoff & Leigh agents are not qualified to advise on legal or tax matters and recommends that all investors seek appropriate advise from a competent CPA or attorney or other advisors.
RESIDENTIAL INVESTMENTS
Hoff & Leigh has developed a strategy that works. We are qualified to assist investors with quality single family residential rental property. Our strategy is to purchase these properties with 100% leverage - that's no money down! Our strategy involves a low loan-to-value 1st mortgage and a 2nd mortgage to cover the balance of the purchase price. While this strategy yields nominal cash-flow in the short run, the strategy involves paying the 2nd mortgage off and creates a low loan-to-value ratio over time with an increase in cash flow when your income is less.
SYNDICATIONS
Each year Hoff & Leigh endeavors to identify quality investment property for inclusion in Equity Partnerships for qualified investors. The latest property included in equity syndication is a 15,000 square foot medical office building located at 1750 East Boulder Street, in Colorado Springs, Colorado. A typical investment with Hoff & Leigh Equities is: * You must be a qualified investor by net worth or income * Generally a minimum $25,000 per unit investment is required * Target purchase prices for investments is $1.5M - $2.5M * Target cash-on-cash rates of return are 6% - 8% - 10% * Target internal rates of return are 15% - 20%
Tax Appeals
Every year the cost of owning commercial real estate increases with an increase in property taxes. Hoff & Leigh offers one of the best track records in our area, for appealing property taxes. Over the many years, we have helped hundreds of building owners reduce their property tax obligations and in many cases winning refunds from prior years of over-taxation!
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