Should Landlords Rent To Section 8 Tenants?, What Property Owners Must Know About Their Insurance, NJ Historic Tax Credits

Should Landlords Rent To Section 8 Tenants?

Real Estate Tip:

Find out if your homeowners insurance uses "actual cash value" method rather than "cost to replace" method to calculate a claim--if so, depreciation will be deducted from your settlement amount, resulting in lower compensation to you in the event of a claim

Real Estate Insight:

NJ Governor, Murphy unveiled legislation that would allocate up to $20 million in tax credits annually to help developers or tenants close a financing gap when rehabilitating certain buildings or sites. According to the bill, a developer can receive up to $4 million in historic preservation tax credit for an eligible rehabilitation project Developers can now seek up to $4 million under proposed historic tax credit program.