December 1, 2018
Entrepreneur magazine interviewed Tax Partner Kurt Koegl about the financial dynamics of retail vacancies and leasing, for an article about the challenges facing Main Street America.
Entrepreneur
By Hayden Field
Excerpt:
“…if you have vacancies that are resulting in losses on a property, it certainly offsets income from other properties, and you end up paying less tax accordingly. So if you had an opportunity to put a tenant in at $2,000, and you wanted $3,000 a month, you have somewhat of a disincentive to accept that lower rent immediately…”
