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  • Jeremy Hart, Real Estate Professional in Blacksburg

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October 23, 2008

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Danilo Bogdanovic

Though I cycle a lot, I haven't used my bicycle to preview or show properties as of yet. That's going to change starting this coming spring when the weather gets a bit warmer.

I worried that clients may frown down upon it, but the ones I've spoken to about it thought it was a great idea. Some even cycle themselves and thought it may be cool to do a "tour" of properties on the weekend.

Jeremy Hart

Danilo, I haven't shown properties that way yet, either, but I like the idea and plan to do so. Don't quite know how to coordinate the travel, since I won't be able to get there as fast as a car, but I'll figure it out.

Great idea about doing bike tours on the weekend with clients who are interested.

Gary Cope

I bought a new bike from East Coasters in July and have done quite a bit of biking around town, particularly on the Huckleberry. From my townhouse up on North Main to the end of the Huckleberry Trail (NRV Mall) and back is 17 miles and I can do that in about an hour and 10 minutes. Now, to bike to work is about 5.7 miles one way, so 11.4 miles round trip.

It would take some pre-planning on my part before I could ride my bike to work. I'd have to have my clothes ironed and left at the office the day before. Fortunately, we have a full locker room complete with a shower, so I could ride to work, shower there, get dressed and walk to my office.

Right now, it's just a matter of being lazy, which I need to put a stop to. I joined a gym and have been very good about going 4-5 times a week. Baby steps.

Anne Clelland

From the 10/27/08 Virginia Tech Corporate Research Center eNewsletter:

Bicyclist Get a Tax Break
One of the lesser known parts of the Emergency Economic Stabilization Act of 2008 is legislation that gives businesses a small tax break if they reimburse bicycle commuters.

Effective January 1, 2009, for employees who regularly commute to work by bicycle, employers may offset the costs of bicycle purchase, improvement, repair, and storage at the rate of $20 per month. Based on how the employer chooses to offer the benefits, the employee may bring receipts to be reimbursed, may sign up for regular monthly payments, or devise some sort of voucher system with their employer.

“This is a great tax credit for bicycle friendly communities”, said Dave Henry, franchise owner of Jackson Hewitt Tax Service. “With all the bike trails in the NRV area, this is a great incentive to get people off the roads, and on to the trails. In addition to the green aspect of the legislation, it may also help employers reduce health claims and improve productivity by having their employees get some great exercise. Given the high cost of healthcare, I'm glad that the bicycle commuter credit was included in this legislation. Another great perk is that by biking to work, it will help employees save the gas money they would otherwise be spending. This is a great tax credit all the way around.”
For questions about this legislation or other recent tax law changes, readers can contact Jackson Hewitt Tax Service at 1-800-234-1040.

Ricardo Bueno

@Jeremy: just feeding off on what Danilo suggested, it's certainly an interesting idea! I haven't heard or seen anything like that out here in Los Angeles... I'm not saying it wouldn't work. Just saying it's different! And am curious to know how it would play out.

A lot of bikers get together out here and coordinate through meetup.com. I had a client in my neighborhood who was one of the founding members of the group and they got together pretty often.

I think that when you share a common interest and you have some fun along the process, it makes it easier to do business together.

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