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<strong>May</strong> <strong>2018</strong><br />

THE VALLEY BUSINESS JOURNAL<br />

www.TheValleyBusinessJournal.com<br />

13<br />

KEN CALVERT<br />

ENDORSED BY<br />

AMERICA’S LEADING SMALL BUSINESS<br />

ORGANIZATION<br />

Last month, the National Federation<br />

of Independent Business (NFIB)<br />

announced it endorsed Ken Calvert’s<br />

re-election to represent California’s<br />

42nd Congressional District in the<br />

House of Representatives. NFIB is<br />

the nation’s leading small business<br />

advocacy organization.<br />

“It is an honor to receive the support<br />

of American job creators who are<br />

the backbone of our economy,” said<br />

Calvert. “I proudly delivered on my<br />

promise to support long overdue tax<br />

reform that gives our small businesses<br />

and taxpayers much needed relief. I<br />

will continue to work with our entrepreneurs<br />

to enact solutions that allow<br />

them to succeed and grow.”<br />

In announcing its endorsement,<br />

the NFIB indicated Congressman<br />

Calvert’s re-election is critical to the<br />

small businesses in the 42nd Congressional<br />

District, and they look<br />

forward to continue working with<br />

him on important issues. Specifically,<br />

NFIB is focused on issues important<br />

to small businesses, including health<br />

care, regulations and taxes.<br />

“As a former small business owner,<br />

I know what it’s like to sign the<br />

front of a paycheck and how much<br />

those paychecks mean to hardworking<br />

families,” added Calvert. “I will<br />

continue to support policies that create<br />

jobs and grow wages.”<br />

Congressman Calvert is a former<br />

small business owner from Corona<br />

currently serving as a senior member<br />

of the House Appropriations Committee.<br />

Prior to Congress, Ken was a<br />

successful businessman in restaurants<br />

and commercial brokerage and development.<br />

“I supported tax cuts because you<br />

deserve to keep more of your hardearned<br />

money. I also voted to eliminate<br />

job killing red-tape so American<br />

businesses can better compete in the<br />

global economy,” said Calvert. “These<br />

votes resulted in bonuses, higher wages,<br />

and investments to expand small<br />

businesses. “<br />

Calvert’s legislative work has<br />

received top ratings from the Americans<br />

for Tax Reform, U.S. Chamber<br />

of Commerce, League of Private<br />

Property Voters, National Federation<br />

of Independent Businesses, 60 Plus<br />

Association, Small Business Survival<br />

Committee and Citizens for a Sound<br />

Economy.<br />

Liberty Real Estate Services –<br />

Property Management and 1031<br />

Exchange Accommodator<br />

Hi, I’m Scott Chappell. In my<br />

decades in real estate, I’ve heard all<br />

sorts of stories. Many of them cause<br />

me to shake my head. Not too long<br />

ago I was speaking with a woman<br />

who owned rental properties. She<br />

was also a lender, so she was in the<br />

real estate industry. When I asked her<br />

if she was working with a property<br />

manager, she answered, “No, $100<br />

a month is too expensive! I can take<br />

care of it myself.”<br />

A few months later, I learned her<br />

tenants had trashed one of her rentals.<br />

Another had also been damaged badly.<br />

As a result, she had to do a total<br />

rehab on both properties at a cost of<br />

about $15,000 each. Not only that,<br />

she went without the rental income<br />

from both for a full six months. In all<br />

it cost her approximately $55,000.<br />

The saying penny wise, pound-foolish<br />

comes to mind when I hear something<br />

like this. Her huge loss could<br />

have been avoided completely with<br />

a small monthly fee. An experienced<br />

property manager can actually make<br />

you money.<br />

I also spoke with a woman,<br />

someone I considered to be real estate<br />

savvy, who sold a property and made<br />

substantial capital gains on the sale.<br />

She wound up paying $75,000 in capital<br />

gains tax. Had she hired an expert<br />

1031 Exchange Accommodator, most,<br />

if not all of those taxes could have<br />

been deferred or eliminated.<br />

What you don’t know can hurt<br />

you. Not only can I help if you need<br />

a property manager or 1031 Exchange<br />

Accommodator, my team and I can<br />

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Call me at (951) 313-4350 or<br />

email scottlouischappell@gmail.com.<br />

Visit our website amazingtemeculavalleyhomes.com<br />

“<br />

As a result, she had to do a total rehab on<br />

both properties at a cost of about $15,000<br />

each. Not only that, she went without the rental<br />

income from both for a full six months. In all it<br />

cost her approximately $55,000.

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