Burt M. Polson | Napa Valley and Vallejo's Commercial Real Estate Broker

Guiding you through the real estate part of your life™

Commercial • Luxury Estates • Vineyards • Wineries • Land

Sales • Leasing • Consulting • Management

Napa Valley & Vallejo, California

Secrets of the MLS - part 1

Have you ever considered how the real estate marketing engine runs? The processing and exchanging of information in a multiple listing service (MLS) is a complicated process orchestrated by several organizations. The advancement of technology and the demands of the consumer are asking for change, but the industry is pushing back.

In the complex world of real estate, the key is the control and dissemination of information. Let's expose a few truths.

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How is your property manager performing?

I find myself confronted with a classic example as described in my recent two-part article, "The maintenance money pit." Entering my third month of a new asset management account engagement of a portfolio of retail and multi-family commercial properties has proven challenging.

I am excited to help the ownership improve their investment, increase its value, bring

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The maintenance money pit - part 2

You may not have heard of a “maintenance pit,” but I am sure you have seen a property in one. Deferring maintenance on a property for one reason or another is a bad habit for the property owner.

Issues left unresolved grow and compound causing other problems costing more money to fix.

In part one we discussed the roof and roof elements as well as exterior walls and trim. We will wrap up with the grounds, interior, attic & crawlspace and mechanical, plumbing & electrical systems. My list is not an all-inclusive list of potential items to look for but will give you a good start.

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How cannabis is changing real estate

California will soon be another state legalizing the recreational use of marijuana. No one seems to know the full effects of the new law and to many of us feels like one huge quasi-experiment on the population of the state.

I would like to take a cursory look at the new law and the current and possible effects it may have on real estate.

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Top tech predictions in real estate - part 2

There has been an accelerated impact of technology on our lives that is hard to go unnoticed. As we continue to embrace new technology it will affect our lives in ways we never imagined.

In part one we discussed disruption and collaboration as technology affects the retail and office sectors. This article will highlight transportation, urbanization, certification, and optimization.

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Top tech predictions in real estate - part 1

We will experience more technological changes in the next two years than we have in the last thirty.

I love technology and find it not only enriches my life but also simplifies it. For example, the information we have available on the Internet expands our knowledge, having our entire digital life in our pocket provides convenience and the safety measures in our vehicles give us peace-of-mind.

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No returns - exchanges only

The Internal Revenue Service (IRS) allows an investor to sell investment real estate and potentially pay no taxes. Using a well-known tax law called Section 1031 of the Internal Revenue Code (IRC) an investor could defer capital gains on certain real estate investments.

Without a 1031 exchange tax liability could be as high as a blended rate of up to 35 percent in California. An investor who decides to cash-out from a sale could end up paying a large tax bill.

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Become a real estate millionaire in five easy steps - part 2

Do not get ahead of your emotions. Watching those house-flipping shows, hearing the real estate guru’s tell you about how many millions they make and counting the success stories of other investors is far from reality in the real estate investment world.

In part one of this series, we discussed how not to get caught in the real estate guru trap, which is step one. There are many excellent real estate seminars available you just need to take time and research the company before you reserve your space--even if it is free.

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Become a real estate millionaire in five easy steps - part 1

If you are looking for a quick and easy way to become a millionaire, real estate is probably not the answer. If your entire focus is the money, investment real estate in most likely not for you. Investment real estate definitely can be rewarding, but if you do not have the time, perseverance or focus like in most businesses your success will suffer.

To risk not sounding like a self-proclaimed real estate guru here are five easy steps to break into investment real estate. These may all seem like “easy” steps, but reading them and doing them are two very different things.

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How to own investment real estate and not be a landlord

Did you know you can realize many of the benefits of owning investment real estate in a syndication without ever screening a tenant, repairing a leaky roof or collecting rent?

There are several forms of group ownership methods for real estate investing including partnerships, corporations, LLCs (Limited Liability Corporation), and REITs (Real Estate Investment Trusts). These are commonly called a syndication.

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10 hidden costs of apartment investments

As an owner of an apartment investment you probably know your income and most of your major expenses.

There are those hidden costs that may not be so obvious you need to watch out for because they can affect your bottom line. Here are ten hidden costs you may not be aware of:

1. Deferred maintenance. Like having a toothache, not seeing a dentist and later needing a root canal on-going maintenance will pay for itself.

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The Land Survey - Part 2

We are taking a look at a particular land use law and how a land survey plays a significant role in determining land use rights.

In part one we reviewed two case studies of a prescriptive easement on private land by individuals. Did you know the public can acquire rights to use private land?

There are many instances where the public perfected the use of private land through a prescriptive easement for access to a public street, park or beach.

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