FOR NYT READERS
I’m a musician-landlord from Cleveland — a curiosity to New York Times editors, no doubt. 
I post up here every Wednesday. Subscribe if you want a weekly dose.
By the way, the “drummer in the Michigan Wolverines women’s basketball pep band” has a new record out today: The Beautiful Game. The band, Vulfpeck, has been on Colbert and appeared at Bonnaroo. (The album is available on Bandcamp.)
If you’re a book editor and want to read my non-fiction book proposal, Landlord, contact Eric Myers at Dystal & Goderich Literary Management.
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5 comments
Hey Bert. Really enjoyed your article in the NYT today. Finally a little dose of reality in the whole imbroglio about Trump “tax loopholes”. Let’s hope that more sane heads prevail and Section 1031 continues its long lived success in adding vitality to the economy by encouraging investment in real estate and other income producing property. Check out http://www.1031taxreform.com.
Loved your Op-ed today in the Times so much that I had to check out your blog. A giant smile during a frown-filled Campaign season.
Thanks for showing that a mensch can prevail!
so i spent a lot of time writing a comment on your piece this morning — kept going over and proof reading it, then it wouldn’t send. THEY’D CUT OFF THE COMMENTS. I HATE THAT — so I’m sending you the comment.
We should all be born into families with such inheritances as property and good sense like Bert Stratton.
Bert’s wants have not endlessly multiplied beyond assets; so he probably has time to fish, just like Ike.
Can we imagine what General Eisenhower would think of The Donald?
“He wants it all. What’s next, King of the World? Master of the Universe?
I’ve fought men like that.”
Of course, we all know with 90% certainty that Trumps’ wings are going to melt; his pitchfork will bend and fall over.
We’ve been waiting for it and it will come: The Mighty Thud.
The squawking will fade. The toxins drop to ground. We will look around and see so
many white men slain and the rest of us stained. And in that white house upon the hill, rising above the smoke and mirrors, will ascend the Double Talking Fembot Clintonia, 2016.
Finally, will she have the vindication and power she’s spent a life trying to grab — and with a majority and a mandate to boot…
…But will that be enough for her to do the right thing?
To be like Bert or Ike: An Honest Patriot…
As Kelzmer, do you the name Nate Brandwein? distant relative
I am also a landlord, I did a 1031, you left out from your discussion taxable ‘boot,’ I am sure you know what it is, you benefit the max from the tax-deferred exchange if you zero out your mortgage, BEFORE closing
I did so by borrowing $140,000 on credit cards, promotional offer cash advances, kids don’t try this at home, 800 credit scores help that
I do my own taxes, on Turbotax
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your 45-day mention sounds like you had not started the ‘replacement’ property BEFORE selling the ‘relinquished’ property, is that true??!!
1031 intermediaries exist, they are not so mysterious, they even pay interest on the escrowed money,
I also found a type that allows you to securitize the transfer, to avoid a like-for-like swap
I was once offered to 1031-swap into frackable land, in UpState NY oil-bearing land, I said ‘duh say wha?’ sounds like the proper response, in retro
The capital gains step-up has a limit, per death, it is easily possible to max out
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receipts are always good to have, having a dedicated credit card for biz-buys is good, and cash-type security deposits should get into dedicated non-mingled accounts, with a 1099 INT report for your tenants, IF they give/ have SSN, some decline
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one thing, about depreciation, and recapture, when you sell (oy gevalt, a shanda), is that recapture is taxed as straight income while cap-gains are taxable at the cap gains rate, favorable depending on your other-wise bracket, else not so favorable
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so are you voting for Trump?
The death tax is a mamzer, ‘tax the rich’ becomes ‘eat the rich’
‘cup’ for head might be like tea-cup, consider kopf, for head, dummkopf for dumb head
Trump would be goyische kupf,
A Jew cannot be a Democrat and still be a Jew
Hello Bert. Nice Op-Ed piece today. I’ve been in the commercial real estate industry more than 30 years; have been playing rock/blues keyboards for a long, long time; have 2 albums of my own tunes (a third one coming next year); have a couple of my own ‘Trump” stories including my Dad, a professional property management exec, who worked for Fred Trump only for a few months…I’ll tell you the story one day. All the best! Keep playing that Klezmer ‘n Roll! Steve
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