RHA Managing Your Business - Rental Housing Association of Washington

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COURSE LIST | MANAGING YOUR BUSINESS

Investing in residential rental property is a complex business with many associated risks and opportunities. In this series, experienced rental housing owners and business professionals deliver a well-rounded education for the independent housing provider to:

Manage day-to-day operations to maintain positive cash flow.
Structure the estate to protect assets and minimize tax and financial risk.
Make smart investments when acquiring property.

	1031 Exchange and DST Investment Masterclass \| Runtime: 1.5 hours Instructor: Austin Bowlin Dive into the intricacies of 1031 exchanges tailored for rental property investors in our detailed webinar. CPA and Partner at Real Estate Transition Solutions, Austin Bowlin will guide you through the essential foundations, delve into sophisticated strategies, analyze real-world case studies, and provide a forward-looking market analysis for 2024.
	Build Your Portfolio with Equity Lending \| Runtime: 1 hour Instructor: Beth Johnson It may be difficult to work with traditional lenders right now, but there are still other financing options available for investment property owners. Beth Johnson, RHAWA Board Member and Managing Partner with Flynn Family Lending will review several strategies to consider, depending on your business needs.
	Defer Capital Gains with a 721 UpREIT Exchange \| Runtime: Instructor: Austin Bowlin Learn how to defer capital gains tax and invest in Real Estate Investment Trusts (REITs) using a 1031 Exchange + 721 UpREIT transaction. This educational webinar will be taught by Austin Bowlin, CPA – Partner at Real Estate Transition Solutions. Here is what you will learn: What is a Real Estate Investment Trust (REIT)? What is a 721 UpREIT Exchange? Benefits of an UpREIT Exchange Types of 721 UpREITs 721 UpREITs vs. 1031 DSTs
	Estate Planning for Property Investors \| Runtime: 1.5 hours Instructor: Julie Martiniello Understand the general concepts of Estate Planning as well as how owning investment properties can complicate your estate for your loved ones. There are taxes, partnership matters, and family issues to be considered. Whether you own one rental property or one hundred, it is important to plan for how your legacy and rental business will be dealt with after you pass away. As an estate planning attorney and second-generation rental property investor, Julie Martiniello has extensive experience helping families plan for the transition of their rental business and other assets in their estate.
	Evaluating Multi-Family Properties \| Runtime: 1 hour Instructor: Candice Chevaillier Candice Chevaillier, Principle of the Lee & Associates Northwest Multifamily Team, goes through the basics of how to “run the numbers” on an apartment building. Topics covered will include how to understand current and market rents, an explanation of expenses, how to determine a cap rate to compare various investments and a look at financing options.
	Family Business Succession Management \| Runtime: 90 minutes Instructor: Chris Benis, Julie Martiniello Many housing providers, large and small, function as a family business. As with any business, it is critical for rental property owners to have a thoughtful succession plan in preparation for retirement, illness or death. If your intention is to pass your rental properties on to children, it is never too early to start. Chris Benis and Julie Martiniello will discuss tips and best practices for family business succession planning from their perspectives as multi-generational housing providers and attorneys practicing landlord-tenant, real estate, business and estate planning law.
	Financial Planning for Rental Owners \| Runtime: 120 minutes Instructor: Maureen Jones In today’s uncertain economic climate, it’s difficult to know how to plan for the future. If you already own investment property, that’s a great start. But what else can you do to manage risk while improving growth on your investments? Certified Financial Planning practitioner and rental owner, Maureen Jones shares from her personal and professional experience how to balance investment property ownership with other investments to achieve a well-balanced portfolio for wealth management.
	Financing Residential Income Properties \| Runtime: 60 minutes Instructor: Eric Aasness This class session covers financing rules, qualifying, how to analyze the income of a property, and special financing options. Eric Aasness, experienced Mortgage Loan Originator, will use real-life property financing examples to illustrate options and best practices in a variety of situations.
	Five Tax-Deferral Strategies When Selling Rental Property \| Runtime: 60 minutes Instructor: Richard Gann Review and comparison of the five most important strategies for deferring capital-gains taxes upon the sale of appreciated rental property: - 1031 exchange - 721 transfer into REIT - Qualified opportunity zone (“QOZ”) fund - Charitable remainder trust (“CRT”) - Installment note trust (aka “Deferred Sales Trust”TM)
	How 1031 Exchange DSTs Work \| Runtime: 90 minutes Instructor: Austin Bowlin 1031 DST replacement property has become increasingly popular with investors seeking passive real estate ownership and improved monthly income potential. If you have plans to sell your highly appreciated investment property and are considering a 1031 Delaware Statutory Trust property, join us online and learn how 1031 Exchange DST investments work. Austin Bowlin, CPA – Chief Exchange Strategist & Partner of Real Estate Transition Solutions, will teach you all about DSTs, how they work, benefits vs. risks, and client examples of 1031 Exchanges into DST properties.
	How to Retire From Your Rental \| Runtime: 2 hours Instructor: Julie Martiniello You planned to manage your rentals into your retirement years, but with constantly changing laws, and renter expectations, it has just become too much. Estate planning attorney, Julie Martiniello will explore different options to consider when planning an exit strategy, considering impact on taxes, cashflow and potential investment income.
	Insurance: More Than a Tax Write Off \| Runtime: 1 hour Instructor: Julie Janowicz Nobody ever wants to talk about insurance, and by the time you need it, it’s usually too late. As a long-term insurance agent and landlord, Julie Janowicz will guide you through the most important coverages to have on your property policies to keep assets protected. Whether you own 1 rental unit or 100 rental units, it's critical to understand your insurance options and get adequate coverage for damages, loss, and liability
	Is an ADU Right for You? \| Runtime: 1 hour Instructor: Eric Aasness Adding an Accessory Dwelling Unit (ADU) to your property can provide extra income and flexibility to your properties. Recent rule changes have made it easier than ever to add an ADU to your property, but there are financing rules that could affect the future marketability of your property. Learn about those rules and the different ways to finance your ADU project.
	Moving Retirement Accounts into Property \| Runtime: 50 Instructor: Joe DiDomenico Do you have funds sitting in an IRA or 401K that you would like to get out of traditional investments? What if you could use that money to buy a triplex before you turn 59½ without tax penalties? Joe DiDomenico, CEO of Wealthflex and RHAWA board member reviews various cases, discussing choices that yielded good results and what to avoid.
	Planning for Reserves \| Runtime: 1 hour Instructor: Karen McDonald Learn the importance of how a capital plan can assist with maintaining your properties and planning for large inevitable expenses. We will discuss the different types of capital plans, how the plans are calculated and red flags that you can look for at your own properties to identify potential issues early and avoid unforeseen repairs. Association Reserves has prepared over 45,000 of reports for all types of properties and Project Manager Karen McDonald, CMCA, AMS, PCAM, RS will walk you through the process in this 60-minute webinar.
	Property Management Contract Review \| Runtime: 1 hour Instructor: Evan Loeffler Confused about hiring a property manager? In this on-hour webinar, Evan Loeffler of Loeffler Legal Group, PLLC reviews components of property management contracts and discusses what you should and should not agree to. You will learn what services and rates to expect and how to protect your interests as property owner.
	Reduce Tax as a Real Estate Professional \| Runtime: 1 hour Instructor: Nika Toce For Real Estate Professionals there are potentially significant tax benefits related to income and loss on rental property operations. But what does “Real Estate Professional” mean? You might be surprised to fall within the IRS definition. In this one-hour webinar, CPA Nika Toce reviews how you may qualify as a real estate professional and go over related tax saving scenarios.
	Reinvesting with 1031 Exchange \| Runtime: 2 hours Instructor: Kyle Williams Property investors have a powerful tool for building and preserving their real estate wealth. The IRS 1031 Tax-Deferred Exchange allows investors to defer paying capital gains taxes from the sale of investment real property, if the proceeds are immediately re-invested into "Like-Kind" property. Experienced Qualified Intermediary, Kyle Williams will take you through the myths and facts on regulations, prohibitions and logistics of using these valuable tools. We will also explore specific strategies for various situations and market conditions.
	Rental Investment for Busy Professionals \| Runtime: Instructor: Jamie Nacht Investing in rental housing can be lucrative, but it comes with a myriad of risks and often requires a significant time commitment. As any investor knows, there is a lot involved, like finding markets and analyzing properties, engaging with agents, lenders, inspectors, and property managers, managing maintenance, taxes, insurance, and mortgage payments. If you have capital to invest but your time is limited, learn best practices for finding the best investment properties, structuring your offer, validating estimates, closing the deal and setting up reliable management.
	Rental Market Update \| Runtime: 1 hour Instructor: Candice Chevaillier Thinking about when and where to buy or sell? Candice Chevaillier, CCIM, Principal at Lee & Associates Commercial Real Estate Services Multifamily team will review current rental housing trends in the Seattle-Metro area. She will explain the latest data on supply, expected demand, vacancies and rent growth. Candice has been selling commercial real estate investment property in the Seattle market for over 20 years and leads a team of investment brokers serving the Puget Sound.
	Retirement for Rental Owners (Tax Planning) \| Runtime: 1 hour Instructor: Nika Toce Many people with rental properties figure they’ll just keep collecting rent until they die. But is that a realistic expectation? It’s easy to be caught off guard by unexpected taxes and other burdens when attempting to exit the rental business to retire. Take some time with CPA Nika Toce to plan ahead and consider various strategies for retirement while making the most of your property investments.
	Stepping Into Property Investment \| Runtime: 1 hour Instructor: Devin Easterlin In this course, experienced broker and investor, Devin Easterlin, will guide you through the basic principles and skillsets required for successful real estate investing, including: - Why real estate investing is the best path to create long-term wealth. - How to set your investment goals and then develop a strategy to meet them. - How to assemble a winning team. - How to run the numbers and find your first (or next) real estate deal. - And lastly, how to manage your property effectively and successfully.
	Strategic Rental Property Remodels \| Runtime: 1 hour Instructor: Casey Biship In this class Multifamily Investor/ Remodel Expert, Casey Bishop with Plus One Construction, will share some of his remodel techniques, which can make a huge difference in the performance & overall value of your apartment building investment. Casey will review several case studies on different “Value-Add” remodel techniques that have created great ROI’s in the real world. Further, he will share some quick ways to vet out the feasibility of a given project, and review the process of a successful remodel from A-Z.
	Structuring the Sale of Rental Buildings \| Runtime: 1 hour Instructor: Daniel Lim There is a lot of discussion about operating apartment buildings and following the law when it comes to managing property and communicating with tenants. But rental housing providers also need to understand the steps for selling rental property, what pitfalls to avoid, what typical timelines look like for a sale, and what tenant notice requirements there are. This class, taught by Daniel Lim, a Vice President for Lee & Associates Commercial Real Estate Services Multifamily team, will cover the above topics in a 60-minute primer on the typical process for selling residential rental properties.
	Structuring Your Rentals with LLCs \| Runtime: 1.5 hours Instructor: Julie Martiniello Estate Planning attorney and second-generation landlord, Julie Martiniello explains the many potential benefits to running your rentals as a business using LLCs and how it’s done properly. Learn about the pros and cons of forming an LLC for your property business, how to create and maintain proper LLC form and how to use family LLCs for control and tax savings.
	Tax Depreciation Rules \| Runtime: 1.5 hours Instructor: Nika Toce Did you know that taking depreciation is required by the IRS? Even if you do not take depreciation write offs over the years, you are required to pay tax on the allowable depreciation when you sell the property. CPA and Managing Partner of Hutchinson & Walter, Nika Toce will explain this complicated and little understood aspect of rental property taxation in this 90-minute online session. Learn when and what to depreciate, how to distinguish improvements from repairs, how to set up and manage your depreciation schedule, how to make amendments and more.
	Taxes for Rental Owners \| Runtime: 1.5 hours Instructor: Nika Toce Learn best practices for the rental property owner to structure rental operations and taxes to take advantage of commonly overlooked deductions. Specific guidance for filing 2024 taxes will be reviewed. Instructor, Nika Toce makes it easy to understand complex tax law and best practices for rental property owners when filing federal taxes with ongoing rental operations, property purchases and sales. She is the owner of Hutchinson & Walter, specializing in federal tax return preparation.
	Transitioning into Multifamily Buildings \| Runtime: 1 hour Instructor: Devin Easterlin Most rental property owners begin with single-family homes and then small 2-4 unit buildings as these can be purchased with traditional residential home loans, available to inexperienced investors. For those with long-term goals to expand their rental property business, there comes a time when it makes sense to venture into larger multifamily buildings with five or more units. Devin Easterlin of Sterling Johnston Real Estate will review what it takes to make the transition, including how to qualify for a commercial loan, creating a capital plan to ensure sufficient reserves to maintain a larger building, using 1031 exchange to trade up from existing smaller properties, and how to prepare for increased management workload.
	Using Excel for Rental Bookkeeping \| Runtime: 1 hour Instructor: Sharon Cunnington Without keeping a close eye on your rental income and expenses, you may be losing money and not even realize it. Keeping track of financial data is not only critical for running the day-to-day operations of your rental property business, but it is also essential when seeking funding from lenders or investors to take your business to the next level. In this class, you’ll learn how to use Microsoft Excel to keep track of rental operations income and expenses, determine your cash flow and streamline tax filing.
	Bookkeeping for Rental Operations \| Runtime: 1.5 hours Instructor: Enrique Jevons Keeping track of financial data is not only critical for tax filing and running day-to-day operations, but it is also essential when seeking funding from lenders or investors to take your business to the next level. In this class, property owner and management professional, Enrique Jevons explains how to manage bookkeeping for a few rentals, and what tools to use as you grow. You will also learn basic accounting requirements for tax filing, how to set up bank accounts for rental operations and how to classify expenses and income to align with categories on Schedule E.
	Property Redevelopment & Renovations \| Runtime: Instructor: Neil Ayton The last few years have brought significant changes to Seattle zoning that may impact your decisions regarding the best use of your rental property, including the new residential small lot (RSL) designation and low rise lots (LR 1, 2, 3). In this class, Neil Ayton and Tin Min Fong will outline the key changes in terms of density, parking requirements and Mandatory Housing Affordability (MHA) requirements, and explain their method for evaluating the re-development potential of your property.

Back to Education

HAVE QUESTIONS? Email dmyers@RHAwa.org or call Denise Myers at (206) 905-0614.

	1031 Exchange and DST Investment Masterclass \| Runtime: 1.5 hours Instructor: Austin Bowlin Dive into the intricacies of 1031 exchanges tailored for rental property investors in our detailed webinar. CPA and Partner at Real Estate Transition Solutions, Austin Bowlin will guide you through the essential foundations, delve into sophisticated strategies, analyze real-world case studies, and provide a forward-looking market analysis for 2024.
	Build Your Portfolio with Equity Lending \| Runtime: 1 hour Instructor: Beth Johnson It may be difficult to work with traditional lenders right now, but there are still other financing options available for investment property owners. Beth Johnson, RHAWA Board Member and Managing Partner with Flynn Family Lending will review several strategies to consider, depending on your business needs.
	Defer Capital Gains with a 721 UpREIT Exchange \| Runtime: Instructor: Austin Bowlin Learn how to defer capital gains tax and invest in Real Estate Investment Trusts (REITs) using a 1031 Exchange + 721 UpREIT transaction. This educational webinar will be taught by Austin Bowlin, CPA – Partner at Real Estate Transition Solutions. Here is what you will learn: What is a Real Estate Investment Trust (REIT)? What is a 721 UpREIT Exchange? Benefits of an UpREIT Exchange Types of 721 UpREITs 721 UpREITs vs. 1031 DSTs
	Estate Planning for Property Investors \| Runtime: 1.5 hours Instructor: Julie Martiniello Understand the general concepts of Estate Planning as well as how owning investment properties can complicate your estate for your loved ones. There are taxes, partnership matters, and family issues to be considered. Whether you own one rental property or one hundred, it is important to plan for how your legacy and rental business will be dealt with after you pass away. As an estate planning attorney and second-generation rental property investor, Julie Martiniello has extensive experience helping families plan for the transition of their rental business and other assets in their estate.
	Evaluating Multi-Family Properties \| Runtime: 1 hour Instructor: Candice Chevaillier Candice Chevaillier, Principle of the Lee & Associates Northwest Multifamily Team, goes through the basics of how to “run the numbers” on an apartment building. Topics covered will include how to understand current and market rents, an explanation of expenses, how to determine a cap rate to compare various investments and a look at financing options.
	Family Business Succession Management \| Runtime: 90 minutes Instructor: Chris Benis, Julie Martiniello Many housing providers, large and small, function as a family business. As with any business, it is critical for rental property owners to have a thoughtful succession plan in preparation for retirement, illness or death. If your intention is to pass your rental properties on to children, it is never too early to start. Chris Benis and Julie Martiniello will discuss tips and best practices for family business succession planning from their perspectives as multi-generational housing providers and attorneys practicing landlord-tenant, real estate, business and estate planning law.
	Financial Planning for Rental Owners \| Runtime: 120 minutes Instructor: Maureen Jones In today’s uncertain economic climate, it’s difficult to know how to plan for the future. If you already own investment property, that’s a great start. But what else can you do to manage risk while improving growth on your investments? Certified Financial Planning practitioner and rental owner, Maureen Jones shares from her personal and professional experience how to balance investment property ownership with other investments to achieve a well-balanced portfolio for wealth management.
	Financing Residential Income Properties \| Runtime: 60 minutes Instructor: Eric Aasness This class session covers financing rules, qualifying, how to analyze the income of a property, and special financing options. Eric Aasness, experienced Mortgage Loan Originator, will use real-life property financing examples to illustrate options and best practices in a variety of situations.
	Five Tax-Deferral Strategies When Selling Rental Property \| Runtime: 60 minutes Instructor: Richard Gann Review and comparison of the five most important strategies for deferring capital-gains taxes upon the sale of appreciated rental property: - 1031 exchange - 721 transfer into REIT - Qualified opportunity zone (“QOZ”) fund - Charitable remainder trust (“CRT”) - Installment note trust (aka “Deferred Sales Trust”TM)
	How 1031 Exchange DSTs Work \| Runtime: 90 minutes Instructor: Austin Bowlin 1031 DST replacement property has become increasingly popular with investors seeking passive real estate ownership and improved monthly income potential. If you have plans to sell your highly appreciated investment property and are considering a 1031 Delaware Statutory Trust property, join us online and learn how 1031 Exchange DST investments work. Austin Bowlin, CPA – Chief Exchange Strategist & Partner of Real Estate Transition Solutions, will teach you all about DSTs, how they work, benefits vs. risks, and client examples of 1031 Exchanges into DST properties.
	How to Retire From Your Rental \| Runtime: 2 hours Instructor: Julie Martiniello You planned to manage your rentals into your retirement years, but with constantly changing laws, and renter expectations, it has just become too much. Estate planning attorney, Julie Martiniello will explore different options to consider when planning an exit strategy, considering impact on taxes, cashflow and potential investment income.
	Insurance: More Than a Tax Write Off \| Runtime: 1 hour Instructor: Julie Janowicz Nobody ever wants to talk about insurance, and by the time you need it, it’s usually too late. As a long-term insurance agent and landlord, Julie Janowicz will guide you through the most important coverages to have on your property policies to keep assets protected. Whether you own 1 rental unit or 100 rental units, it's critical to understand your insurance options and get adequate coverage for damages, loss, and liability
	Is an ADU Right for You? \| Runtime: 1 hour Instructor: Eric Aasness Adding an Accessory Dwelling Unit (ADU) to your property can provide extra income and flexibility to your properties. Recent rule changes have made it easier than ever to add an ADU to your property, but there are financing rules that could affect the future marketability of your property. Learn about those rules and the different ways to finance your ADU project.
	Moving Retirement Accounts into Property \| Runtime: 50 Instructor: Joe DiDomenico Do you have funds sitting in an IRA or 401K that you would like to get out of traditional investments? What if you could use that money to buy a triplex before you turn 59½ without tax penalties? Joe DiDomenico, CEO of Wealthflex and RHAWA board member reviews various cases, discussing choices that yielded good results and what to avoid.
	Planning for Reserves \| Runtime: 1 hour Instructor: Karen McDonald Learn the importance of how a capital plan can assist with maintaining your properties and planning for large inevitable expenses. We will discuss the different types of capital plans, how the plans are calculated and red flags that you can look for at your own properties to identify potential issues early and avoid unforeseen repairs. Association Reserves has prepared over 45,000 of reports for all types of properties and Project Manager Karen McDonald, CMCA, AMS, PCAM, RS will walk you through the process in this 60-minute webinar.
	Property Management Contract Review \| Runtime: 1 hour Instructor: Evan Loeffler Confused about hiring a property manager? In this on-hour webinar, Evan Loeffler of Loeffler Legal Group, PLLC reviews components of property management contracts and discusses what you should and should not agree to. You will learn what services and rates to expect and how to protect your interests as property owner.
	Reduce Tax as a Real Estate Professional \| Runtime: 1 hour Instructor: Nika Toce For Real Estate Professionals there are potentially significant tax benefits related to income and loss on rental property operations. But what does “Real Estate Professional” mean? You might be surprised to fall within the IRS definition. In this one-hour webinar, CPA Nika Toce reviews how you may qualify as a real estate professional and go over related tax saving scenarios.
	Reinvesting with 1031 Exchange \| Runtime: 2 hours Instructor: Kyle Williams Property investors have a powerful tool for building and preserving their real estate wealth. The IRS 1031 Tax-Deferred Exchange allows investors to defer paying capital gains taxes from the sale of investment real property, if the proceeds are immediately re-invested into "Like-Kind" property. Experienced Qualified Intermediary, Kyle Williams will take you through the myths and facts on regulations, prohibitions and logistics of using these valuable tools. We will also explore specific strategies for various situations and market conditions.
	Rental Investment for Busy Professionals \| Runtime: Instructor: Jamie Nacht Investing in rental housing can be lucrative, but it comes with a myriad of risks and often requires a significant time commitment. As any investor knows, there is a lot involved, like finding markets and analyzing properties, engaging with agents, lenders, inspectors, and property managers, managing maintenance, taxes, insurance, and mortgage payments. If you have capital to invest but your time is limited, learn best practices for finding the best investment properties, structuring your offer, validating estimates, closing the deal and setting up reliable management.
	Rental Market Update \| Runtime: 1 hour Instructor: Candice Chevaillier Thinking about when and where to buy or sell? Candice Chevaillier, CCIM, Principal at Lee & Associates Commercial Real Estate Services Multifamily team will review current rental housing trends in the Seattle-Metro area. She will explain the latest data on supply, expected demand, vacancies and rent growth. Candice has been selling commercial real estate investment property in the Seattle market for over 20 years and leads a team of investment brokers serving the Puget Sound.
	Retirement for Rental Owners (Tax Planning) \| Runtime: 1 hour Instructor: Nika Toce Many people with rental properties figure they’ll just keep collecting rent until they die. But is that a realistic expectation? It’s easy to be caught off guard by unexpected taxes and other burdens when attempting to exit the rental business to retire. Take some time with CPA Nika Toce to plan ahead and consider various strategies for retirement while making the most of your property investments.
	Stepping Into Property Investment \| Runtime: 1 hour Instructor: Devin Easterlin In this course, experienced broker and investor, Devin Easterlin, will guide you through the basic principles and skillsets required for successful real estate investing, including: - Why real estate investing is the best path to create long-term wealth. - How to set your investment goals and then develop a strategy to meet them. - How to assemble a winning team. - How to run the numbers and find your first (or next) real estate deal. - And lastly, how to manage your property effectively and successfully.
	Strategic Rental Property Remodels \| Runtime: 1 hour Instructor: Casey Biship In this class Multifamily Investor/ Remodel Expert, Casey Bishop with Plus One Construction, will share some of his remodel techniques, which can make a huge difference in the performance & overall value of your apartment building investment. Casey will review several case studies on different “Value-Add” remodel techniques that have created great ROI’s in the real world. Further, he will share some quick ways to vet out the feasibility of a given project, and review the process of a successful remodel from A-Z.
	Structuring the Sale of Rental Buildings \| Runtime: 1 hour Instructor: Daniel Lim There is a lot of discussion about operating apartment buildings and following the law when it comes to managing property and communicating with tenants. But rental housing providers also need to understand the steps for selling rental property, what pitfalls to avoid, what typical timelines look like for a sale, and what tenant notice requirements there are. This class, taught by Daniel Lim, a Vice President for Lee & Associates Commercial Real Estate Services Multifamily team, will cover the above topics in a 60-minute primer on the typical process for selling residential rental properties.
	Structuring Your Rentals with LLCs \| Runtime: 1.5 hours Instructor: Julie Martiniello Estate Planning attorney and second-generation landlord, Julie Martiniello explains the many potential benefits to running your rentals as a business using LLCs and how it’s done properly. Learn about the pros and cons of forming an LLC for your property business, how to create and maintain proper LLC form and how to use family LLCs for control and tax savings.
	Tax Depreciation Rules \| Runtime: 1.5 hours Instructor: Nika Toce Did you know that taking depreciation is required by the IRS? Even if you do not take depreciation write offs over the years, you are required to pay tax on the allowable depreciation when you sell the property. CPA and Managing Partner of Hutchinson & Walter, Nika Toce will explain this complicated and little understood aspect of rental property taxation in this 90-minute online session. Learn when and what to depreciate, how to distinguish improvements from repairs, how to set up and manage your depreciation schedule, how to make amendments and more.
	Taxes for Rental Owners \| Runtime: 1.5 hours Instructor: Nika Toce Learn best practices for the rental property owner to structure rental operations and taxes to take advantage of commonly overlooked deductions. Specific guidance for filing 2024 taxes will be reviewed. Instructor, Nika Toce makes it easy to understand complex tax law and best practices for rental property owners when filing federal taxes with ongoing rental operations, property purchases and sales. She is the owner of Hutchinson & Walter, specializing in federal tax return preparation.
	Transitioning into Multifamily Buildings \| Runtime: 1 hour Instructor: Devin Easterlin Most rental property owners begin with single-family homes and then small 2-4 unit buildings as these can be purchased with traditional residential home loans, available to inexperienced investors. For those with long-term goals to expand their rental property business, there comes a time when it makes sense to venture into larger multifamily buildings with five or more units. Devin Easterlin of Sterling Johnston Real Estate will review what it takes to make the transition, including how to qualify for a commercial loan, creating a capital plan to ensure sufficient reserves to maintain a larger building, using 1031 exchange to trade up from existing smaller properties, and how to prepare for increased management workload.
	Using Excel for Rental Bookkeeping \| Runtime: 1 hour Instructor: Sharon Cunnington Without keeping a close eye on your rental income and expenses, you may be losing money and not even realize it. Keeping track of financial data is not only critical for running the day-to-day operations of your rental property business, but it is also essential when seeking funding from lenders or investors to take your business to the next level. In this class, you’ll learn how to use Microsoft Excel to keep track of rental operations income and expenses, determine your cash flow and streamline tax filing.
	Bookkeeping for Rental Operations \| Runtime: 1.5 hours Instructor: Enrique Jevons Keeping track of financial data is not only critical for tax filing and running day-to-day operations, but it is also essential when seeking funding from lenders or investors to take your business to the next level. In this class, property owner and management professional, Enrique Jevons explains how to manage bookkeeping for a few rentals, and what tools to use as you grow. You will also learn basic accounting requirements for tax filing, how to set up bank accounts for rental operations and how to classify expenses and income to align with categories on Schedule E.
	Property Redevelopment & Renovations \| Runtime: Instructor: Neil Ayton The last few years have brought significant changes to Seattle zoning that may impact your decisions regarding the best use of your rental property, including the new residential small lot (RSL) designation and low rise lots (LR 1, 2, 3). In this class, Neil Ayton and Tin Min Fong will outline the key changes in terms of density, parking requirements and Mandatory Housing Affordability (MHA) requirements, and explain their method for evaluating the re-development potential of your property.