All Forum Posts by: Ben Jacobs

RUBS is a pragmatic way to go about things. Simply take the total bill x total occupant ratio. So if the bill is $1000 and 10 people occupy (including children) you can use ratios such as;

Quadplex (4-Unit) example:

2/10 = $200

3/10 = $300

1/10 = $100

4/10 = $400

In my opinion, this is the most practical approach rather than sqft, because the size of the unit isn't necessarily indicative of how much water is used.  

Landlords differ in "opinion" and "assumption" regarding parking fee WI sales use tax of 5%. The WI tax law is not very clear as the DOR says:

Sales tax is imposed on retailers who make taxable retail sales, licenses, leases, or rentals of the following products in Wisconsin (unless an exemption applies):

• *Tangible personal property

• *Leased tangible personal property affixed to real property, if the lessor has the right to remove the leased property upon breach or termination of the lease agreement.
  
  *Exception: A lessor's charge for the lease of tangible personal property affixed to real property is not taxable if the lessor of the leased property is also the lessor of the real property to which the leased property is affixed.

https://www.revenue.wi.gov/Pages/FAQS/ise-taxable.aspx

If we have a parking fee as a "subcategory" of "Rent Income" with "leases longer than 30 days", does Wisconsin still consider the "non-temporary" parking rent income sales taxable at 5%

Of course, some landlords simply just consolidate the extra fee into the rent amount and say parking included, but I’d like to have a clearer idea how WI treats lease add-on fees. The sales tax parking language seems to be written towards B2B commercial relationships and hotel short-term operations.

Opinions welcome, but professional tax advisory most appreciated.  I've stumped several CPAs.

Any of you check out syndications with turbotenant, zumper, avail?  Looking forward to the day Facebook MarketPlace allows to post as a business page.  Anyone look into that recently?  There's no way I'm posting on FB with my personal profile.  We specialize in taking on the calls/texts/emails/spam/solicitations so landlords don't need to.  I know all about the "is your property for rent?", "can you send me more pictures?", "I want to buy your property with all cash", and on and on.... As of now, no thanks FaceBook.

I looked briefly but got distracted.  Hoping Facebook solves the MarketPlace page issue and I don't have to mess with it.  Till then, Zumper.  I think TurboTenant might be another option and they syndicate to other sites as well.

I'm looking to post rental listings as the business page but cannot find a solution that works.  I've tried different work around's but so far, I have not been able to post on FB Market Place.  We've used Zumper as a go between, but their service has been going downhill bigtime.  We are getting ghosted and incorrect information gets syndicated. So far in 2021, two thumbs down for Zumper, Zillow, and Facebook MarketPlace.  Perhaps Apartments.com can pick up the Slack where these other's have gone astray.  

I'm looking to post rental listings as the business page but cannot find a solution that works.  I've tried different work around's but so far, I have not been able to post on FB Market Place.  We've used Zumper as a go between, but their service has been going downhill bigtime.  We are getting ghosted and incorrect information gets syndicated. So far in 2021, two thumbs down for Zumper, Zillow, and Facebook MarketPlace.  Perhaps Apartments.com can pick up the Slack where these other's have gone astray.  

I enjoy working with Dennis Becker w/ Daltek Real Estate Investment services. Residential Renters help with the marketing and tenant placement services and he does the property management aspects for Landlords who wish not to do it on their own. He returns phone calls. As for market data, I prefer rentrange but sometimes use rentometer and zestimates. The challenge is to know what units are, or are not, actually renting at as they aren't visual like homes on the MLS. In other words, the rental data may be misleading, but it can at least give you a starting point.

Hey there Kevin, thanks for the invite.  I've been living in the world of google meets, zooms, slack... Trying to stay socially engaged while maintaining social distance.  Are these an option?  Otherwise we too have google meets Monday's and Friday's @ 9am with our team. Guests are more than welcome to attend and meet the team, say hi, and network.

Hi All, a little about me... Real Estate Investor and Rental Consultant. Proficient in local rental market dynamics and passionate about helping landlords reach their objectives. Formerly based out of Silicon Valley, I've repositioned operations to assist Investors, Property Management Groups, and Landlords with innovative marketing strategies and real estate investment opportunities throughout South East Wisconsin where I grew up.  Former Realtor in California and Wisconsin.  Looking forward to meeting people and sharing dialog!

Evictions can be full of hassle and uncertainty.  Landlords can be put into challenging situations when rent isn't paid or the property isn't being cared for.  Sometimes a renter might have renters remorse which leads to complaints and more hassle.  Maybe the Landlord attempted renting on their own and may have oversold the property features and maintenance.  Virtual and site-unseen showings are becoming more popular due to the pandemic/social distancing and we have seen an increase in Renters Remorse.  What do others think about presenting renters with the option of Mutual Release of Lease and Re-Rent vs. Evictions and the Federal Moratorium?