I’ve written about my personal experience with dune grass planting as a child growing up on the island.
Needless to say, the finished product way back then looked a bit different than the symmetrical rows pictured!
Blog
-
E A G L E S
Although I have twice seen a bald eagle on the beach, I’m designating the snowy owl as the official shore mascot for the Eagles.
On the back up team- the common neighborhood skunk 😉
-
Tax Reform
Like many of you, I am reading up on the tax reform changes to determine how the laws will potentially affect property ownership.
Main observations-1) Deduction of property taxes capped at $10,000 total. Â An exception will be if a property is held as an investment and property taxes are listed as an expense on Schedule C of a tax return.
2) Mortgage interest deduction limited to the first $750,000 of debt (existing mortgages grandfathered).
3) Â The interest paid on home equity loans and lines of credit will no longer be deductible.
4) Â Fees paid to tax preparer no longer deductible. Â Yet wonder if it’s a line item expense for an investment property on Schedule C- maybe?
5) The ability to transfer investment property via a 1031 Tax Deferred Exchange remains the same.
6) Capital gains rates – no changes.
Question for your accountant: are there benefits to change the classification of your shore property? Â Second home versus an investment property?
-
Need a Beach Day?
Because I am booking vacation rentals for tenants every day, I have summer on my mind.
It’s so much easier to cope with cold temperatures and snow if you have a plan of escape 😎
Search through our inventory: https://www.timkerrsir.com/rentals
And I’m here all weekend to help! Â 609-967-7950
ann.delaney@timkerrsir.com
-
Monday Thaw?
The sun is out and the air temperatures are noticeably warmer 🙂
The beach is still frozen over- check out the “high tide” line of ice! Â And there are giant piles of snow around the island ready to melt away.
P.S.  On a quick lunch break walk, I saw a property owner digging out his driveway with a lacrosse stick!  He drove down to check his house, but didn’t think to bring a shovel.  He was able to access the shed with his kids’ sports equipment.  There was also a tennis racket next to him in the snow, but I guess the lacrosse stick was more effective  😉
-
Summer Cottage
A good day to plan for summer!
Just listed for sale: Â vintage fishing cottage in Stone Harbor NJ situated on a 35′ X 110′ lot.
Click HERE for the complete MLS fact sheet and pictures.
