The page was specifically designed with the local landlord in mind. We will update this page on a regular basis with money saving tips, legal updates and general landlord information. Have a question or suggestion? Email us by clicking here.
11/24/09
City of Ithaca Building Department Interview, Landlord Association of Tompkins County monthly meeting. Phyllis and Gino explain many of the intricate things their department does as it relates to landlords. If you own property in the City of Ithaca, this is a must listen!
Click Here to Listen to the Presentation (you will need a password to access this file)
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3/23/09
Judge Judy Interview, Landlord Association of Tompkins County monthly meeting. She gives a great overview of the many legal aspects local landlords face here in Tompkins County. She covers everything from security deposits to dealing with tenants.
Click Here to Hear Judge Judy Speak (you will need a password to access this file)
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2/28/09
New 2009 Tax Credit Schedule. Major changes and requirements in the new law. Make sure you are buying the right products and hiring the right contractors. The IRS has made it clear that many "Energy Star" rated materials and installations will not meet the new requirements for the 2009 tax credits. Contact ASI Renovations today for more information.
For Private Residences:
- must be "placed in service" from January 1, 2009 through December 31, 2010
- must be for taxpayer's principal residence
- $1,500 is the maximum total amount that can be claimed for all products placed in service in 2009 & 2010 for most home improvements, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, fuel cells, and windmills which are not subject to this cap, and are in effect through 2016
- must have a Manufacturer Certification Statement to qualify
for record keeping, save your receipts and the Manufacturer Certification Statement - improvements made in 2009 will be claimed on your 2009 taxes (filed by April 15, 2010) — use IRS Tax Form 5695 (2009 version) — it will be available late 2009 or early 2010
- If you are building a new home, you can qualify for the tax credit for geothermal heat pumps, photovoltaics, solar water heaters, small wind systems and fuel cells, but not the tax credits for windows, doors, insulation, roofs, HVAC, or non-solar water heaters.
For Commercial Buildings:
A tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001. Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting, or heating and cooling systems. These tax deductions are available for systems “placed in service” from January 1, 2006 through December 31, 2013.
For more information on the new 2009 tax credits contact your accountant or visit the official website here. For more information on how to make your buildings more energy efficient using affordable construction techniques email ASI Renovations here.