13 Smart Financial Steps to Take in 2013

At this time of the year every year, many Americans dutifully make their New Year’s Resolutions. Unfortunately, many have already broken or forgotten about them before the calendar turns to February.

So let’s not call these “New Year’s Financial Resolutions.” Instead, here are 13 smart financial steps that you can take to help get and keep your finances on track in 2013:

Feinstein Raiss Kelin & Booker (FRKB) Obtains Important Victory for Landlords

•         Judgment for possession in favor of a New Jersey landlord marks significant victory for multi-family property owners affected by the aftermath of super storm Sandy
•         Case to serve as a model at upcoming educational seminar for industry professionals

“While there always seems to be a steady wave of new and emerging landlord/tenant issues, super storm Sandy is currently feeding a surge in claims associated with this catastrophic event.” –  Tracey Goldstein, Esquire and member of Feinstein, Raiss, Kelin & Booker, L.L.C., the firm representing the landlord.

Real Estate Tax Appeals as a Means to Recapturing Operating Expenses

By James L. Esposito, Esquire & Robert Spiotti, Esquire

In what could be his most notable quote, Benjamin Franklin once proclaimed that “in this world nothing is certain but death and taxes.”  While Mr. Franklin was correct that taxes are a certainty in this life, the amount of property taxes that we are obligated to pay is not so absolute.

Since 2008, the real estate market in the United States has been in a downward slide. Property Owners in the Tri-State Area have experienced the steepest reduction in value. The decline in property value has corresponded with an increase in costs for all of us. Commercial property owners and owners of multi-family properties are dealing with the difficult task of balancing increasing operating expenses with declining revenues. One of the largest operating expenses that owners of multi-unit properties must deal with is the year-over-year increase in real estate taxes, which results from rising tax rates, continually expanding municipal budgets and outdated or excessive property tax assessments. As a result of these three factors, many property owners in New Jersey are paying a disproportionate amount of taxes.

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