Grandma on Medicare RE in trust?

[Justin Miles]

So my grandma has a condo in a living trust and can’t have more than 2000 in her checking account for Medicaid qualification. She has a maintenance agreement with a tenant that is getting extremely reduced rent to keep her income low and keep her from losing the property to the state. My question is what should I look at to make things cash flow better even if that cash flow is into upgrades. The first thought I had was having my dad charge property management fee to up the rent but pull out some cash flow. Secondly I thought using more extra rent to dump money into renovations of the condo so when passed on it has better equity. I don’t if know they are depreciating the property tax wise and I’m out of the loop on what they have going on with the attorney for keeping the condo while on Medicaid so could use some advice as to what to look into.