Casselberry, FL (PressExposure) May 24, 2007 -- Chattel With Us, LLC, a Florida based company offering Chattel Appraisals to income property owners, is pleased to announce its' expansion nationwide.
Chattel Appraisals, which are a residential cost segregation study, have been around for several years. Commonly used by commercial property owners, cost segregation identifies and values the personal property within the rental the IRS allows to be depreciated on an accelerated schedule. Cabinets, counters, appliances, lighting, even landscaping, driveways and fencing are all considered chattel.
"Using a Chattel Appraisal as part of the overall tax planning strategy saves our clients thousands of dollars, especially in the early years of ownership when cash flow is often very tight", said Chad Francks, Vice President of Chattel With Us, LLC. Continued Mr. Francks, "A traditional, engineering based cost segregation study can cost several thousand dollars, depending on the unit count, making it a less viable alternative for owners holding under 300 units. Chattel With Us has brought a product to the market which provides the same benefit at a much, much lower per unit cost."
Dr. Dolf DeRoos and Diane Kennedy, well known real estate investors, often extol the virtues of a chattel appraisal and the incredible impact on cash flow one creates. Chattel With Us, LLC , inspired by Dr. DeRoos and Ms. Kennedy, began offering Chattel Appraisals earlier this year, providing a detailed Cost Segregation Study prepared by a well respected, IRS referenced company, along with independent, 3rd party verification of the Chattel.
"The response locally in Florida has been tremendous", said Mr. Francks. "We are incredibly excited to now offer our service nationwide. Owners of investment condos, single family homes, duplexes, triplexes and smaller multi-family properties can have the same tremendous tax savings and leverage that money to create more wealth" Mr. Francks goes on, "Our bottom line is putting money to the investors bottom line".