Clearwater Beach

https://youtu.be/yxwDHdKsNW0

Flood Reform

HUB Event: Flood Reform - Recent Changes (Clearwater) http://rtb-us-east.linkedin.com/lax/clk?trk=0_b3SvrmYfvRva3BledZduGw4JXe8s_h-_nE9uUp4H1MsZquTvXWLh_ekBTYoNIgdGsK47SRlBf3DuoiKqQjJs_HjkwHcy3f6Aa67KCDzUMLbaJgJixuL7AxndmsaaZwAiiq9S5pH8oaZZod_eO_9r660KbnA3MnBEU2fY7YXig9edaYBevBaxkNV6HK_W5prFwpLXt3iN5COygeCfJlOrd3SbSXcgxSuKile8BIHpLanBEE59lscZBx5nYnqnb7-eY4lTHclXUubpT5yyN8lWp4jS7CtBHmNQqNsvwA9bHGGklQaJDUmJ5E8zO171zv3Jtv-5Rt8_o8zOqGhwIFnbpo2x2Y4F1RP-PlS5ZB3qoX22vedZrYDnr5xqcls-OQfawHLmJot5_jR0D8kYc9z6eCHGDf3gPxWnOK3XzYwYKJUCgpsITjyAT7UWiD19z0G9wOWUlv8vpX9tVAmH7T-bQkNI14EgS3RV-iAv6XME1NSnTAVJQCIdwHG_zgP4ShNh_5OUNhOZ7amw9OanIr0WRZHrvnAwRNf47OZnF_yeEzEHAYIkAHePKA0bvRhgWUW2xutpQlQpWny-fYAEB-stBIVhpgeZM8HwQx5z1V-g29I8AZQkIS29abClaTWL53o3xwqWj8LN2K61ZiQKdcGkN6wYSt3jgF2hLL0twzO0psXLpXWCp5O84xlM3oW7rZCYoDstJd4nlxImrfhgKukA6MayEozVaFsFbGAZXy-l5kGfAn5wAMN4wf-Qt9TYny9isbvbTBeK21b_fvvEpdCQHwhnKUQuLJ-jYIMpV58F-0ouGBLvbdvRMedDNAhxqSjhfLetM0-8DrSab8NXpnraMQTvKDFIgOD72lswaUaF5IlDRuDxoxLn9O6rMmpiedioQuC43wSmCSJnzlw1FuQMCfGk1Q4YFfrefyhaKqlqDLq&action=click&laxrid=ae4b1317-d71e-4b3b-9a9d-5b1ba7d02686&laxbid=2&eid=2&laxerid=31fc1e5e-dae3-49a9-bfbd-d093ab3c182b&ii=1&aui=31fc1e5e-dae3-49a9-bfbd-d093ab3c182b&si=da714042baa5e89eb2c6ac8f&abi=c55e60cf-537a-4b93-846e-aa582c27b036&wp=6.86&pay=1&curr=USD&aid=&url=http%3A%2F%2Fbit.ly%2F28Play0&urlhash=dDEQ

Understanding Property Information (or) where do I find my Folio number?

Composition of County Folio Number

The folio number is a means by which properties are identified in Miami-Dade County.  It is also referred to as the parcel identifier and represents a unique number that computer systems use to associate to a property.  The folios number is formatted as a 13 digit number (99-9999-999-9999).  The composition of the folio number includes Municipality, Township, Range, Section, Sub-division, and Parcel Identifier as described below.

should you sell your home or rent it out? What are the tax ramifications?

Some homeowners who can’t sell their home may consider converting it to a rental rather than lowering the price or leaving it vacant. Remember, if a home has been used two out of the last five years as a primary residence, it may qualify for the homeowner’s exclusion of Section 121 of the tax code. This means any gain up to $500,000 for a married couple filing jointly or $250,000 for a single person may be excluded and exempt from tax. Therefore, the property could be rented for up to three years and still fall within the qualifying timeframe. If the property was rented for more than three years, it would no longer qualify for the exclusion. Example: Phil and Miranda are married homeowners who are looking at selling their home. If they sell, they would have a $300,000 long term capital gain. Since Phil and Miranda meet the requirements of the Section 121 exclusion, there is no tax due. However, if instead of immediately selling the house, they rent the home for more than three years and then sell they would lose the exclusion. This would mean a tax liability of $300,000 x 15% or $45,000 upon the sale of the property. If there is not much of a gain to be taxed, converting a primary residence to a rental property may be an appropriate strategy. Again, real estate licensees should encourage their customers to consult with tax experts to make an informed decision.