RCN Capital Blog

Uncontested Investing - The Hidden Profit Lever That Boosts Cash Flow and NOI Through Property Tax Appeals with Alison Tulio

Written by RCN Capital | 3:32 PM on November 25, 2025

Uncontested Investing Podcast - November 25, 2025

In this episode of Uncontested Investing, we dive deep into one of the most powerful (and ignored) ways to increase cash flow and boost NOI: property tax appeals. I’m joined by Alison Tulio, President of Incenter Tax Solutions and a seasoned real estate attorney who specializes in helping investors reduce over-assessed property taxes on both residential and commercial real estate.

Whether you own single-family rentals, multifamily, office, industrial, or manage multi-state real estate portfolios, this episode will show you how your property tax bill is quietly eating into your returns and what you can do to fix it. Alison explains why assessments are climbing nationwide, how COVID reshaped office and industrial values, and why distressed commercial properties are some of the best candidates for aggressive tax appeals right now. We break down practical, zero-risk steps you can take to:

• Get your property taxes reviewed annually

• Spot when you’re over-assessed and leaving money on the table

• Avoid common mistakes investors make when they appeal property taxes on their own

• Protect yourself from triggering a tax increase by misunderstanding local rules

Alison also shares a real-world case study where a skeptical client saw a 63% reduction on a single property and saved $180,000 in property taxes without taking on additional risk.

If you care about net operating income (NOI), commercial property values, and keeping more cash in every deal, this conversation is a masterclass on how to lower your property taxes, increase cash flow, and improve returns on your real estate investments. Tune in, take notes, and start treating property tax strategy like the profit lever it really is.

 

Episode Highlights

00:00 Introduction

00:52 Who is Alison Tulio?

01:24 Reinventing in down cycles (2008 & COVID)

02:01 Who Incenter Tax Solutions serves

03:15 The Incenter Tax Solutions mission: Education first

04:25 Helping investors understand and leverage property taxes

05:20 Nationwide coverage & portfolio streamlining

06:30 Alison’s time as outside counsel to lenders & servicers

07:38 Deal Maker/Deal Breaker: The turning point in Alison’s career

09:06 Why you should have your property taxes reviewed

10:07 How to get started with Incenter Tax Solutions

11:20 Why tax strategy education is important for real estate investors

12:07 Most common mistakes investors make regarding property taxes

13:57 What’s the Word? Work hard, play hard

15:24 Opportunity zones and planning for abatements

16:48 Tools & proprietary software for property tax assessment

17:45 Case Study: From skeptic to $180K in savings

18:50 How Incenter Tax Solutions educates investors

19:46 Market strategy and COVID-hit cities

20:24 Alison’s life outside of real estate: Family, salt life, working out

21:12 How to get in touch with Alison

Quotables

“We’re saving, I mean, we’re slashing those property taxes in half and commercials are big ticket items.”

“You should 100% have someone look at your property taxes every year.”

”Trust the process. You’ll see that it’s really not too good to be true, and it actually works.”

Links

Website: Incenter Tax Solutions https://incentertaxsolutions.com

LinkedIn: Alison Tulio https://www.linkedin.com/in/alison-tulio-esq-70229519a/

Website: REI INK Magazine https://rei-ink.com/

Website: RCN Capital https://www.rcncapital.com/podcast

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Email: RCN Capital info@rcncapital.com