Landlords missing out on tax savings

With commercial occupancies falling along with rental rates and commercial landlords looking to scrap every penny, Natalie Feldman, a broker associate with the real estate firm Eisner, Feldman & Grant Inc., thinks a number of owners are missing a nice cash injection from Uncle Sam.

Feldman suggests property investors look into cost segregation and energy credits as a way to pay less income tax and even get back money landlords paid to the IRS in prior years.

Cost segregation requires a specialized engineering inspection of a building that reclassifies certain portions of the buildings, such as the carpeting, electrical system or equipment, for a quicker depreciation.