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Missing/Nonresponsive Retirement Plan Participants: Best Practices

Background: The Issue and Its Potential Consequences Many retirement plans have individuals who have contributed to the plan but are no longer actively participating in it. Sometimes these individuals lose contact with the retirement plan and cannot be readily located when they are eligible for benefits. The common reasons for such missing participants include: Participant […]

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Cathleen Bahan Consulting

COVID-19 Alert: Paid Leave and Other Key Workplace Questions

The coronavirus pandemic has wrought sweeping changes in the way we approach every aspect of life. Some of the biggest of these affect the workplace. Various government actions to contain the virus and mitigate both the health and economic impacts have resulted in some new rules – and a lot of questions – for both […]

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Cathleen Bahan Consulting

In-Secure:  New Law Has Profound Impact on Inherited Retirement Accounts

If you are like most people, a significant amount of your net worth is probably tied up in retirement accounts.  Traditional IRAs and 401(k) plans offer a great avenue for pre-tax assets to grow and then be taxed later, usually at a much lower rate when you are past your peak earning years.  Roth IRAs, […]

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Cathleen Bahan Consulting

Is It Time to Sell Your Multifamily Investment Property?

Multifamily buildings have long been a favored vehicle for commercial property investors. They historically produce reliable income and consistently increase in value over time. This in turn means that they retain value in a variety of market conditions and may even rapidly increase in value in some circumstances. Financing is typically readily available on favorable […]

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Cathleen Bahan Consulting

Some Potential Good News for Investors in New York’s New Rent Laws

On June 14, 2019, Governor Cuomo signed into law the Housing Stability and Tenant Protection Act of 2019 (S.B. 6458) (“HSTPA”), which reinforces and fundamentally changes the landlord tenant law surrounding rental properties – especially rent stabilized apartments – throughout New York State, making it very difficult to either remove apartments from regulation or to […]

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Cathleen Bahan Consulting

A Conversation with Landlord Tenant Attorney Michelle Maratto Itkowitz

New York’s Housing Stability and Tenant Protection Act of 2019 was signed into law on June 14, 2019.  Real estate experts, investors, attorneys and pundits are still trying to make sense of what it means for New York’s rental real estate market.  In this second article on the law’s impact on investors in multifamily properties, […]

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Cathleen Bahan Consulting

Investor Perspective:  Multifamily Outlook Under the New Rent Laws

New York’s Housing Stability and Tenant Protection Act of 2019 was signed into law less than a month ago.  Since that time, there has been a flurry of articles covering the specifics of the law, some analysis of how the new law might impact rents differently than the old law and the predictable array of […]

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Cathleen Bahan Consulting

It’s Gotten Easier to Fall Off NY’s Estate Tax Cliff—Again

Following federal estate tax reforms that took effect in 2014, New York State also revised its estate tax law so that estates of deceased New York residents worth less than $5 million (adjusted for inflation, currently $5.74 million) are no longer subject to estate tax.  The basic exclusion amount was previously just $1 million.  Rather […]

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Cathleen Bahan Consulting

Real Estate Alert: New Taxes on High Value NYS Transactions Take Effect July 1, 2019

As part of the FY2020 budget, New York State will seek new revenue from real estate transactions.   The final legislation is expected to yield hundreds of millions of dollars for state coffers and is intended to secure $5B in bonds for the MTA. It will: Increase transfer taxes by 60%, from .4% to .65% Commercial properties sold for $2M […]

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Cathleen Bahan Consulting

Multifamily Property Transactions: A View from the Closing Table

On September 1, 2018, Anthony T. Simari, Esq., joined Holm & O’Hara LLP as a partner in our real estate group focusing on multi-family properties.  Anthony is a seasoned professional; in each of the last five years, he has closed transactions for properties collectively valued at more than $200,000,000.  After his first six months with […]

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Cathleen Bahan Consulting

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