#real-estate

Real Estate

Real estate accounting, property tracking, and investment management

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July 17, 20268 min read

When a Deficit Restoration Obligation Isn't One: What CCA 202628009 Means for Partnership Loss and Liability Allocations

IRS Chief Counsel Advice CCA 202628009 (July 10, 2026) held that a demand-based deficit restoration obligation enforceable only by withholding future distributions is not unconditional, failing both the §1.704-1(b) economic-effect safe harbor and the §1.752-2(b) recourse-liability test — a fact pattern common in family LP boilerplate that can reallocate recourse debt and suspend previously deducted losses.

Mike Thrift

taxpartnershipstax-compliance

July 16, 20268 min read

The FTC Junk Fees Rule: A Compliance Guide for Ticket Sellers and Short-Term Rental Hosts

The FTC's Junk Fees Rule, in effect since May 2025, requires live-event ticket sellers and short-term lodging hosts to display all-in total prices upfront, with violations carrying civil penalties of up to $51,744 each and a $10 million StubHub settlement already on the books.

Mike Thrift

compliancesmall-businesspricing

July 16, 20268 min read

Home Inspection Business Bookkeeping: E&O Insurance, Schedule C, and Job Costing

Home inspectors average one liability claim over a career and pay roughly $989/year for E&O insurance, so amortizing that premium per job and tracking mileage, report-writing time, and licensing renewals on Schedule C is what separates a profitable inspection business from one guessing at its margins.

Mike Thrift

small-businessself-employmentreal-estate

July 16, 20269 min read

NAR's $52.25M Tuccori Settlement: What It Means for Real Estate Agent Bookkeeping

NAR's $52.25 million Tuccori settlement, approved April 10, 2026, doesn't change buyer-agent commission rules — it makes the August 2024 Sitzer/Burnett practice changes permanent, so agents must book gross commission across multiple funding sources rather than treating deposits as a single income line.

Mike Thrift

real-estatebookkeepingtax

July 16, 202610 min read

Padel Club Bookkeeping: Court Utilization, Deferred Revenue, and the Chart of Accounts

Padel clubs run four or five overlapping revenue streams on one fixed asset; profitable operators track court-hour utilization by time band, book membership cash as deferred revenue instead of income, and recover a $500K-$1.5M build-out in 18-30 months at 60-70% peak utilization.

Mike Thrift

bookkeepingsmall-businessaccrual-accounting

July 15, 20267 min read

Canada Killed the Underused Housing Tax. If You Own Property There, Your Paperwork Isn't Done Yet.

Canada repealed the federal Underused Housing Tax for 2025 onward on March 26, 2026, but the repeal is not retroactive — US owners of Canadian property still owe UHT returns, penalties, and interest for 2022–2024, and BC's Speculation and Vacancy Tax, Vancouver's Empty Homes Tax, and Toronto's Vacant Home Tax remain in force.

Mike Thrift

taxtax-complianceinternational-tax

July 14, 20268 min read

Commercial Lease Renewal in 2026: Retail Rent Caps vs. Office Tenant Leverage

National retail vacancy sits under 6% while office vacancy runs near 19-20% in 2026, so retail tenants should negotiate a CPI rent-escalation cap of 3-5% while office tenants can push for $75-$150 per square foot in tenant improvement allowances and multiple months of free rent.

Mike Thrift

leasesreal-estateproperty-management

July 13, 202610 min read

C-PACE Financing for Commercial Property Energy Upgrades: Rates, Terms, and the Lender Consent Catch

C-PACE financing lets commercial property owners fund HVAC, solar, and resiliency upgrades with 100% financing repaid through the property tax bill at 5.5%-9.5% fixed rates over 20-30 years, though the senior-lien structure requires existing mortgage lender consent, which is the most common closing bottleneck.

Mike Thrift

financingreal-estateproperty-management

July 13, 20268 min read

Commercial Property Management Accounting: Trust Accounting and CAM Reconciliation Explained

Commingling trust and operating funds is illegal in all 50 states with fines from $1,000 to $25,000 per violation, and CAM reconciliation errors can trigger tenant audits years later — here's how three-way reconciliation and a property-specific chart of accounts keep commercial books compliant.

Mike Thrift

property-managementreal-estatetrust

July 13, 20268 min read

Solar Farmland Leases: A Landowner's Guide to Rates, Rollback Taxes, and Contract Terms

Solar ground leases on farmland pay $500-$1,200 per acre annually nationally once construction begins, but landowners who skip the decommissioning bond, rollback-tax reimbursement, and escalator clause often lose more than they gain over a 20-to-35-year term.

Mike Thrift

solarfarmingleases

July 13, 20269 min read

Manufactured Housing Community Bookkeeping: Lot Rent, RUBS Compliance, and the TOH/POH Split

Manufactured housing operators need separate TOH and POH accounts, itemized utility line items, and dedicated infrastructure capex tracking, since RUBS billing bans in Minnesota and Colorado are already reshaping how utility cost recovery must be documented in 2026.

Mike Thrift

real-estateproperty-managementcompliance

July 13, 20268 min read

Real Estate Commission Splits and Desk Fees: A Bookkeeping Guide for Agents

Real estate agents should record gross commission and brokerage splits as separate line items, not just the net deposit, because the IRS matches Schedule C income against the gross figure brokerages report on Form 1099-NEC.

Mike Thrift

real-estateself-employment-taxtax-deductions

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