Asset Protection: What you Must Know about Lawsuits and Taxes

No longer can you simply buy a house, fix it, rent it, and get rich over time.  You have many hands in your pocket – Thieving Tenants, Uncle Sam, and Murphy’s Law.
You must plan properly to protect your assets from the tax man and the lawsuit man.  
REIN proudly brings you 2 experienced professionals at February’s General Meeting.
Robert Notestine, Attorney at Law, has 5 college degrees and 25 years’ experience in real estate, zoning law, development, title insurance, commercial law, and landlord-tenant contract law.
Henry Martin, CPA, helps structure tax reduction strategies to maximize income.  Henry has a securities license and a background in Audit, Personal and Corporate Tax, Estate Tax, and Business Valuations.
You’ll get the low-down on Asset Protection at this Special Event:
– what are assets – and what are NOT
– business entity structuring
– how taxes apply to different types of entities – or don’t apply
– why a sole proprietorship may make sense when starting out
– how to avoid lawsuits
– how to title your assets
– why liens can be your best friend
– and answers to YOUR questions
If you have ever asked a legal question and been told to ask your tax person, or vice versa, then this is the meeting for you!  Learn how it all fits together to bring you short-term and long-term asset protection from taxes and lawsuits.
Invite a friend and join us at REIN’s General Meeting for this very important Presentation.
When:  Monday, February 13, 2012, from 7:15 to 9 pm
Where:  Room 108 of Swang Business Center, Lipscomb University, 3901 Granny White Pike, Nashville, TN 37204

 

Lead Based Paint Renovator Course June 22, 2011

If you are a landlord/property manager owning single or multi-family dwellings that were built before 1978 where there could be lead paint, you must be a certified renovator.  Non compliance can mean fines up to $37,500 per day per violation.  

Kachina will offer a certification course at the REIN Education Center Wednesday, June 22 from 9a-5p.  Register today at www.reintn.org/renovator

Course includes:
8 hours of instructional and hands on training, manual, CV card, disposable suit, gloves, booties and goggles.  Upon completion of course a test will be given.  Upon passing, you will receive certification within 7 days from the class date. 

                                                                                                                        

GPS Monitoring of Suspected Gang Members/Af​filiates Begins

Chief Steve Anderson and Tennessee Probation & Parole Board Chairman Charles Traughber today announced a pilot program designed to interdict gang activity through global positioning system (GPS) monitoring.  Ten offenders with suspected gang affiliations, who remain under the authority of the court system and the Board of Probation & Parole due to prior convictions, have now been placed on GPS monitoring.

        “This new initiative with Chairman Traughber and his staff sends yet another very clear message that our police department has no tolerance for criminal gangs and gang violence,” Chief Anderson said.  “From daily intelligence gathering by our Gang Unit, to our weekly Operation Safer Streets program, to our partnership with the U.S. Justice Department in the recent racketeering indictment against violent gang members, we mean business.  And our business is the safety of Nashville’s neighborhoods.”

        “Our goal is no more victims,” said Chairman Charles Traughber. “GPS is a tool that tells us where an offender is and tracks his or her movements. We’re sharing this technology with Metro Police to determine whether it can have an impact on gang activity in the area.” 

        GPS is a relatively new technology.  The Board of Probation & Parole has used it statewide since 2007 to strengthen supervision of sex offenders and other high-risk offenders.  Metro officers taking part in the gang pilot program have been trained to use the same software used by Probation & Parole staff to monitor offenders on GPS, and will respond to any alerts involving offenders in the pilot program.
 
        GPS monitoring relies on tracking devices and ankle bracelet transmitters worn by offenders. Tracking data is processed through a web-based application. If alerts are received, they are processed, and officers are notified when further action is needed. Alerts might include signals that indicate tampering with devices, offender presence in a forbidden area or failure to be at a specific location at a scheduled time (curfew, attending treatment, reporting for employment, etc.). Alerts are also triggered if units are not recharged on time, or if the unit is not being carried properly.

     This is the second joint project for Metro Police and the Board of Probation & Parole. State probation and parole officers are stationed in several Metro Police precincts. Both agencies say the joint effort has strengthened their working relationship and has made it easier to serve warrants.

New Changes in MDHA’s Section 8 Affect You!

This Friday, December 10, 2010 Metro Development and Housing Agency will conduct a briefing for all existing and new Landlords.  MDHA will be discussing the new changes within the department specifically regarding Section 8 and how it affects all Landlords in Middle Tennessee.  The meeting details are as follows:

When:  Friday, December 10, 2010

Where:  MDHA Training Center
                 1419 Rosa Parks Boulevard
                 Nashville, TN  37208

Time:  1-3:00PM

If you need additional information please call MDHA at (615) 252-6500.

Rehabber’s Resources regarding Lead Based Paint

Every industry is being notified about the new lead base regulations.  The EPA will make an example of someone.  Just don’t let it be you! 

Visit the following websites to receive helpful information regarding the new rules. 

Enforcement Response and Penalty Policy
http://epa.gov/compliance/resources/policies/civil/penalty/leadbasedpaint-consolidatederpp0810.pdf

Tennessee Department of Environment and Conservation Lead Hazard Program
http://tennessee.gov/environment/swm/toxicsubstancesprg/

How to Find Out the Age of a House:
http://www.zillow.com
http://houseagecheck.com
http://www.assessment.state.tn.us

Web-based Product Companies:
http://www.certifiedrenovatorsupply.com/Static3Col1/Name/RRP
http://rrpcompliance.com?gclid=CLObvMC_oqMCFRecnAodHg_L6A