Welcome to Chattel Riches

Stop Leaving Your Money Hidden In Your Investment Property!

Chattel Riches is in the business of helping fellow real estate investors maximize the return on residential investment properties. We will value the assets contained in your rental property (chattel and land improvements) and produce an IRS approved depreciation schedule that can be used to significantly reduce your rental property tax liability.

Overview:

Chattel depreciation (also known as ‘cost segregation’, ‘chattel valuation’, and ‘asset valuation’) is the process of placing a value on the personal property in a real estate investment property, then producing an IRS approved depreciation schedule.

Depreciation can be deducted from federal income taxes over 5, 10, or 15 years. Chattel is considered personal property that can be depreciated under IRS rules. Some examples of chattel include: appliances, light fixtures, cabinets, countertops, flooring, and many other items. Chattel can be any owned, movable, and tangible personal property, other than the actual building itself.

In addition to depreciating chattel, the IRS also allows you to depreciate land improvements. An example would be certain types of landscape, driveways, walkways, fences, and a host of others.

Chattel Riches will quickly and accurately evaluate your property, identify available chattel and land improvements, analyze the results, and produce an IRS approved depreciation schedule and supporting documentation that can then be provided to your tax preparer. By valuing the chattel and land improvements separately from the building, the investor realizes the added benefit of additional depreciable assets, thereby saving thousands of dollars in taxes.

Call for your personalized chattel valuation today!
(314) 369-6660