Property management is not a new concept. So what differentiates us from the competition? We focus on the management of multi-owner, commercial grade property.
You may ask, what is multi-owner property? A new and exciting market is emerging as a result of the resurgent use of the IRS §1031 exchange. Many real estate investors are moving from active participation property to passive real estate investment. IRS § 1031 is a vehicle to make this transfer on a tax-deferred basis.
The best source of passive real estate investment is in commercial grade property with credit worthy, triple net lease tenants. Most real estate holders do not have sufficient funds to purchase this kind of passive investment on their own. Thus, the introduction of the Tenant-in-Common (TIC) form of ownership.
The TIC Approach
Under the TIC approach, regular investors can enter the arena of top grade commercial property ownership by purchasing a fraction of the property. Each owner is deeded with an undivided ownership interest in the property. In 2002 the IRS issued Rev Proc 2002-22 as guidelines for qualifying a TIC purchase of property for a 1031 exchange. To learn more about the TIC concept, explore the area titled TIC Concept.
TIC Property Management
1031 Property Care, LC was formed specifically to address the uniqueness that multi-owner property introduces. Multiple landlords require a more sophisticated approach to client management and a systemized method of dealing with the diverse needs of many individuals owning the same property.
We have designed our client services around the complexities that co-ownership introduces. We absorb the complexities within our system and allow each client the pure enjoyment of high-quality property ownership and truly passive income. Our aim is to allow the owner the opportunity to enjoy the cash flow of the investment without worrying about the problems, condition, or status of the property.
View samples of current properties under management by clicking the pictures to the right. Explore client services by clicking sample client services in the lower right hand corner. Come join the many who now experience truly hassle free property ownership.
