Replies to This Discussion

Permalink Reply by Michael Dolezal CPA on June 13, 2012 at 4:24am

Which supports why I am advocating personal advice, as this is very much a personal decision. The land groups will not consider your personal tax and financial situation when negotiating a lease. I can, and we have had success with previous clients in preparing and planning for this financial transaction.  If you make no such plans prior to signing a lease who might be amazed to know close to half of what you receive in lease bonus payments will go to Federal and State taxes. Not to mention the property tax implications and the market value considerations of your property. This all needs to be considered prior to leasing.  My contact information is below if you would like to discuss your personal situation.

 

Michael A Dolezal, CPA, Realtor

Hallman & Stasko, LLC., CPAs

1667 E. 40th St. Suite 1G-3

Cleveland OH 44103

440-225-7680(c)

216-619-9989(o)

877-961-1031(f)

mdolezal@cpaneeds.com

 

Permalink Reply by Bill Simpson on June 10, 2012 at 5:57am

Does anyone have a copy of the BlackRidge lease they can upload to this site?

Permalink Reply by Dan on June 10, 2012 at 6:38am

I have a copy but haven't scanned in to computer yet. Depending on when we get done haying today I might get to work on it. I could sent to you,  not sure if I should post it here.

Permalink Reply by Bill Simpson on June 10, 2012 at 7:02am

Permalink Reply by Peter Yedrzeyek on June 11, 2012 at 1:49am

Hey guys I am reading all the posts and I was wondering about smaller landowners in the Dorset area where I have 6 acres on Footville Richmond Rd about 1-2 miles east of 193.  Is 6 acres too small of an area for them to consider leasing?  Are there any other landowners in the area with smaller tracts of land such as mine where we could form a group?  Or is there already a group?  I would be happy with $4250 and 18% gross.  Sign me up!

 

Permalink Reply by Bill Simpson on June 11, 2012 at 4:45am

Based on your location I am probably within walking distance of your property. There are a few flippers in our area but the promising ones/groups would be EALA (Eastern Ashtabula Landowners Assoc)and perhaps BlackRidge. I was always told that the minimum is five (5) acres.

EALA is the one I signed up as have many others. BlackRidge is not down to our area yet but I believe they will be real soon so as to lock in the acreage early. Reading the posts on this site should be useful to you if new to the leasing game. I believe if Blackridge comes soon many will sign up.

Permalink Reply by Peter Yedrzeyek on June 11, 2012 at 5:20am

Thank you so much for the information.  How do I go about signing up for EALA?

Permalink Reply by Dan on June 11, 2012 at 9:20am

Peter send me a note at eala.shale@gmail.com and I will get your contact information. Finalizing a date for a new meeting toward the end of the month.

Permalink Reply by Mike T. on June 11, 2012 at 1:36pm

BlackRidge had no size limit when signing properties in Colebrook/Wayne last week. Imagine it will be the same anywhere they go.

Permalink Reply by Peter Yedrzeyek on June 12, 2012 at 6:11am

Good to know.

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