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• Can significantly reduce taxes

• Can often create an after tax, cash flow positive real estate investment

• Accelerates an often under utilized and legal depreciation

• Cost of the appraisal is tax deductible

• Independent third party verification of assets allowing substantial tax savings

• Creates an inventory with written visual description of personal property. This can be helpful in dealing with insurance companies in the event of a loss.

• Independent chattel appraisals are valuable aides in the event of an audit

• Our services are economical and allow clients to recapture their investment in the first year. Each person's tax situation is different but here is a simple way to look it:

• The average value of personal property found in a 1500 square foot house is approximately $15,000 - $20,000.

• This means that our clients save an average of $3,000 - $4,000 off their taxable income in their first year alone.

• For those in a 25% tax bracket that is approximately a $800 - $1,500 net savings on your tax bill each year for 5 years.

• For $500 cost of a Chattel Appraisal you are looking at approx. 217-347% ROI (return on your investment) in the first two years alone.

NEXT POST......What exactly do I get in the report?

 offers a premier service that has redefined Property Management in Chicago.  If you need property management for your apartment, condo, home or other rental property we can help! Our property management team has over 35 + years combined property management, investment and real estate experience.

We offer the low cost (8% of the monthly rent) and highest value property management services in Chicagoland area!

 includes all services which are required to maintain a fully occupied and successful rental property. We handle all of the day-to-day requirements giving you the support and piece of mind you deserve; including:

• Collection of rents

• Coordination of routine maintenance and repair

• Routine tenant relations and correspondence

• Monthly site visit or drive-by

• Coordination of legal case or matters

• Emergency site visits and repair work

• 24-hour property support - All calls and tenant issues handled directly

• 3rd party vendor work, repairs and maintenance (such as locksmith, plumbing, painting,

roofing, electrical, etc.).

• Coordination of contractor improvements, if directed by investor/owner

• Oversee and manage the initial home renovation for the investor

• Perform activities related to late rent including assessment of late fees

• Process all rent related communications including past due notices, 5-day notices and initiation of eviction process if required

• Received rents are either sent to client or deposited in designated bank account

• Monthly & Year-end accounting of rents received

• Coordinate all city and Section 8 inspections

• Schedule and attend property inspections

• Key contact person for Section 8 inspectors

•  Schedule and attend initial inspections for Section 8 participants
•  Coordinate the completion of punch list items with rehab crew
•  Perform move-out inspection(s)

We never charge high rates for maintenance and repairs to our clients! We offer aggressive pricing on all services so you can feel confident you are getting the best value along with the highest quality. Our clients use us as their single source for all of their property needs. The following is a sample of our additional services performed by our property rehab crews:

• Move Out Cleaning

• Carpet Replacement & Cleaning

• Interior & Exterior Painting

• Yard maintenance and snow removal

• Construction services

Feel free to contact me for more information at ron_parello@yahoo.com 

or call me at 708-415-8156

• 2 copies of the Cost Segregation Report (one for yourself and one for your CPA)

• Instructions for your CPA on proper use of the Cost Segregation Report

• Electronic copies (CD) of pictures of your personal property for your records and for insurance purposes

• An Inventory List that details quantities and descriptions of your personal property

• Serial numbers and models numbers of appliances if readable, to keep on file for insurance purposes

Receipt for Appraisal Service to file as business expense

• A single photo will be provided for multiple items of the same type, whether in the samedwelling or unit. Ex. carpet in the bedroom is the same as in living room, or, same fridgein every apartment.

If you're interested in learning more about Chattel appraisals, email me today at ron_parello@yahoo.com  for the complete report.  Additional information in this detailed report include a case study with a real example of the kind of tax savings you may expect to see.  Also included in the complete report are FAQ's on Chattels, and what your CPA may not be telling you, as well as other additional important information.