All Forum Posts by: Carrie Aldridge

Looking for advice or credible resources on understanding the tax implications of renting below fair market value (FMV).

Background:I'm considering purchasing my mother's condo and renting it back to her for below FMV for as long as she wants to stay in the unit (est ~8-10 years). I plan to rent the unit at FMV once she decides to vacate. Financially this benefits me in the long run (since she will be transferring me equity in an appreciating asset that she will pay the mortgage on) and she gets to age in place within her fixed income. I understand I will not be able to leverage some of the tax benefits available to traditional landlords while I am renting to her and want to understand 1) what I am missing out on and 2) any legal, creative ways to access the rental tax advantages.

Thanks for your thoughts!

Looking for recommendations on a lawyer who can help me with a potential HOA dispute for my primary residence in Sandy Springs area.

Background: Someone drove in to my house on xmas eve. Since the damage is to an exterior wall the repairs have to be managed by the HOA. The HOA's property management company is not communicating as clearly/ often as I would like and coordination with my homeowner's insurance and the driver's insurance is moving slowly. The property management team 1) is not planning to file an insurance claim and 2) will not schedule/ start repairs until the driver's insurance company approves the estimates they have provided.

Looking for legal consultation on how to handle in a way that is sensitive to both HOA and my needs as a homeowner.