Largent & Associates Real Estate Services, LLC.

Largent & Associates Real Estate Services, LLC. Property Management Services at
one-half the cost you're currently paying! Cost Segregation saving Owners huge deductions on Income Taxes.

Experience You Can Count On!

02/25/2025

*****COMMERCIAL PROPERTY OWNERS***** - You can receive "Income Tax Deductions" based on Tenant/Capital improvements made since property was placed in commission based on 39-year depreciation value (i.e. LED lighting retrofit, AC controls/equipment replacement, new roof, remodel of lobby/restrooms, build-out of Tenant spaces, etc.) In addition to deductions from improvements, could also receive deductions from materials removed. Recently saved an Owner over half a million dollars on new AC install! Call me and let's discuss (832) 768-8570.

01/24/2025

In managing a retail center consisting of 15,275 rentable sq. ft., (9 suites of which 2 are vacant), I had contractor change out Toilet flappers where needed (total of 10). Monthly water usage went from 56,000 gallons to 4 gallons! This is a low cost replacement which resulted in monthly reduction of 55,996 gallons (average of $720 per month x 12 = $8,640 annually)!!

01/15/2025

A good Property Manager will go "above & beyond" to ensure
Tenant & Landlord are happy!

Once again, this Real Estate Manager is going to "TOOT HER HORN" even though my former boss years ago said never do so!!...
01/15/2025

Once again, this Real Estate Manager is going to "TOOT HER HORN" even though my former boss years ago said never do so!! This will be the 4th year in a row whereas I was able to keep total operating expenses of a very challenging retail center less than a 1% variance! "TOOT TOOT" 🙂

11/16/2024

In managing office buildings, retail centers, industrial facilities for many years, I've seen every exterior structure and challenges rain water can bring. Prior to managing a 3-story Masonry office building, there were constant issues with rain water entering via "hairline cracks in Mortar". A few months after taking over as Manager, in reviewing operating expenses, I was amazed to see Owner had expensed over $125,000 in 2 years on exterior Mortar repairs as a result of rain water leaks and the problem still existed! I met with waterproofing contractor and requested proposal to apply "Elastomeric Waterproof Coating". Cost was $85,000 with 5-year warranty. After talking with Owner, he approved coating. I managed building for 3 years following application and we had no issues. Also used on exterior Stucco of 3, 4-story building garages. Instead of Owner expensing cost to pressure wash every year due to significant water stains, after application of "Elastomeric Coating", 4 years later there are no stains and facade looks brand new! A huge plus regarding these types of improvements is Owners can deduct cost from Income Tax Expenses. Call me and let's discuss how I can save you money. It's Yours, Why Not Keep It!

11/13/2024

Just received October 2024 Financials regarding a retail center I manage. This year, we have dealt with numerous unforeseen expenses as well as increases in Taxes/Insurance out of our control. Because of this, in speaking with Owner, recommended we forego some budgeted operating expenses (he agreed). I felt pretty good when seeing operating expense variance thru 10/31/24 was $45 = 0.0% variance!! Doesn't get much better than that!

***Commercial Real Estate Owners of Retail / Industrial***
When you're ready to save 50% on management fees, call me!

10/25/2024

Commercial Real Estate Owners - Do you feel as though your water bill is flushing away profit? One of the "most common" issues with high water bills is a faulty "Toilet Flapper". Although small, the Flapper is a vital part in making sure Toilets work efficiently. Most recently, an Owner reduced usage gallons from 50,000 to 2,000 just by replacing 2 Flappers. Cost is minimal and it's an operating expense that can save you thousands of dollars.

"IT'S YOUR MONEY, WHY NOT KEEP IT"!!!

10/22/2024

Property Owners of Commercial Office Buildings, Retail Centers, Warehouse facilities, Apartments - In addition to IRS Income Tax Deductions per 179 or 179d, how nice would it be for electricity to be at fixed rate for 3 to 5 years? It was huge for an Owner I worked with when he had such during Houston's February freeze of 2021. Many other Owners were dealing with floating electricity rates and bills increases of $5,000+ monthly whereas his remained the same. Capital Improvements can also be included as a line item on electricity bill based on meeting criteria by energy provider. I will never get tired of saying "It's Your Money, Why Not Keep It" :)

10/22/2024

***COMMERCIAL REAL ESTATE PROPERTY OWNERS*** Taxes are one of the biggest “headaches” an Owner incurs, however a BENEFIT for an Owner under IRS is INCOME TAX DEDUCTIONS 179 and 179D. Below are the differences:

SECTION 179 – Commercial Real Estate Property Owner of Apartments, Retail Centers, Office Buildings, Warehouse Facilities, etc. can deduct cost of Tenant/Capital improvements made to property from when placed into commission thru previous tax year based on 39-year depreciation or per IRS schedule. Example: If property was placed into commission in 2000 and its tax year 2024, IRS deductions for Tenant/Capital Improvements based on standard depreciation value of 39 years for most improvements, can be taken upfront. For math purposes – 2000 (year property placed into commission) minus 2024 Tax Year = 24 years. 24 minus 39-year depreciation = 15 years of depreciation upfront you can deduct from your 2025 Taxes. In addition, there are also deductions for fixtures removed such as lighting, AC controls/mechanical, etc.
*NOTE* – Must fall within 39-year depreciation from when Building placed into commission thru tax year filing.

SECTION 179D – Commercial Real Estate Property Owner of Apartments, Retail Centers, Office Buildings, Warehouse Facilities, etc., can deduct cost associated with “energy saving” improvements made such as interior lighting systems, heating/cooling/ventilation, hot water systems and building envelope. Deduction is for year filing and not based on depreciation.
Improvement must be certified as being installed as part of a plan to reduce total annual energy and power costs for these improvements by 25% or more.
Savings per square foot calculated are as follows per IRS:
• $0.50 per square foot for building with 25% energy savings
• Plus $0.02 per square foot for each percentage point of energy
savings above 25%
• Up to a maximum of $1.00 per square foot for a building with
50% energy savings

Contact me and let’s discuss how we can save you money
Phone: (832) 768-8570 / Email: [email protected]

Call is FREE and IT’S YOUR MONEY…WHY NOT KEEP IT!

Address

Houston, TX

Telephone

(713) 588-5078

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