Sumit Kovoor

Leader | Entrepreneur | Strategist

[Sumit Kovoor @SumitKovoor]

A “Backdoor” Roth IRA is not an actual account type, but rather, it is a process that investors use to otherwise skirt IRS limitations on investing in a Roth IRA.

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[Sumit Kovoor @SumitKovoor]

During the recent COVID-19 pandemic, the government has shown its willingness to support the multifamily market with agency loan programs and tenant subsidies as needed.

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[Sumit Kovoor @SumitKovoor]

Anyone looking to maximize their income without taking on another full-time job will certainly want to consider real estate investing.

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[Sumit Kovoor @SumitKovoor]

When a heavy value-add strategy is deployed, the building often moves from the "Class C" to "Class B" category. This re-classification makes the property more valuable for investors who benefit from both higher rents and property appreciation.

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[Sumit Kovoor @SumitKovoor]

In this video, Smartland founder and CEO, Vadim Kleyner discusses important lessons about real estate investing and best practices for owning and operating apartment communities ➡️ https://t.co/b6CH7Zt1F2

[Sumit Kovoor @SumitKovoor]

By renovating and installing state-of-the-art technology, a private equity real estate investment can generate higher rents, longer leases, and greater returns for investors.

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[Sumit Kovoor @SumitKovoor]

Passive real estate investing is similar to investing in stocks or bonds.

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[Sumit Kovoor @SumitKovoor]

Today, apartment dwellers expect more- and they are willing to pay premium for it.

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[Sumit Kovoor @SumitKovoor]

When an asset or item is liquid it can easily change hands because there is little friction to the trading process and little or no price discovery.

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[Sumit Kovoor @SumitKovoor]

The Snowball by Warren Buffett- In this book, he answers the question: how do I use time to my advantage rather than it working against me?

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[Sumit Kovoor @SumitKovoor]

When investing in a real estate fund, individual investors are putting significant faith in the fund operator to identify deals that meet the fund’s investment criteria.

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[Sumit Kovoor @SumitKovoor]

Depreciation is a deduction that investors can take each year to account for a property’s physical wear and tear and eventual obsolescence.

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[Sumit Kovoor @SumitKovoor]

Smart home technology like Nest thermostats, digital door locks and Ring doorbells have become commonplace in Class A and Class B apartment rentals. We bring them to Class C apartments.

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[Sumit Kovoor @SumitKovoor]

Net operating income, which is generally referred to as simply NOI among real estate investors, refers to the total income a property owner collects after operating expenses and other costs have been deducted.

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[Sumit Kovoor @SumitKovoor]

In this video, Steven Gesis, Smartland's COO, how Smartland benefits by doing things that others do not want to do. ➡️ https://t.co/tFfpQsUciE

[Sumit Kovoor @SumitKovoor]

The diversity of commercial real estate as an asset class is one of the reasons it attracts so many investors.

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[Sumit Kovoor @SumitKovoor]

Investors who rush a sale without taking the proper steps to line up the pieces needed for a 1031 exchange may find themselves subject to significant tax bills if their sales proceeds lose that tax-deferred status.

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[Sumit Kovoor @SumitKovoor]

The Common equity investors are primarily in control of the investment (subject to agreements with the other capital stack partners, if any).

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[Sumit Kovoor @SumitKovoor]

Mezzanine debt – sometimes referred to as “subordinate debt,” “sub-debt,” “junior debt” or simply just “mezz” – is another form of debt used to finance commercial real estate deals.

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[Sumit Kovoor @SumitKovoor]

Single-family homes are valued based on local comps, and Multi-family properties are valued on their revenue-generating potential.

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