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6 May 2024 | 23 replies
One day, they simply asked me to deal directly with another property management company in Baltimore which by the way has never responded to any of my e-mails or phone calls.6- Our property management agreement says they have to pay rent by the 25th of each month which they have done only in the first couple months, after that it was always delayed and only paid after several follow ups. 7- They sold their company as a turn key provider where investor would not need to do anything to manage the properties.
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4 May 2024 | 6 replies
These scores would vary based on the type of investor (flippers, buy and hold, etc) and different weights would be give to certain variables.
2 May 2024 | 3 replies
heres whati got froma recent e-renter screen. propspective tenant got a notification that they failed and called me asking why as her credit score is apparently above 630Credit CheckYour applicant does not meet your minimum criteria at this time.6Total Trade Accounts$5,xxx.00Current Balance Reported on All Accounts2Total Negative Trade Accounts$1,xxx.00Past Due Reported on All Accounts0Negative Accounts in Collection$0.00Total Monthly Payments0Disregarded School/Medical LoansLatest Delinquent Payment (if reported)Top Risk Factors Affecting GradeSerious delinquency, and public record or collection filedTime since delinquency is too recent or unknownProportion of balances to credit limits on revolving accounts is too highNumber of accounts with delinquency
5 May 2024 | 5 replies
Assuming both properties are/would be LTRs, these would be netted together on Schedule E, which would flow through to Schedule 1 and/or Form 8582.You'd also want to be aware of the potential for depreciation recapture when going to sell the property if you're not using a tax-deferred exchange.
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4 May 2024 | 27 replies
This little guy is worth his weight in gold.
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6 May 2024 | 65 replies
Biggest deduction, by far, for us unless you take the aggregate of schedule E expense write offs.
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3 May 2024 | 30 replies
Is the Airbnb considered "Active" so that it is reported on Schedule C instead of on Schedule E as a passive activity?
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3 May 2024 | 3 replies
This forum so far has helped me very much in learning.Thanks in advance As others mentioned, its similar process of getting a bank loan, you usually can close faster though and certain factors may have more weight (for example personal net worth and potential value compared to credit are a better factor).
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3 May 2024 | 7 replies
@Reese BrownLooking at one metric is like judging fitness by weight alone.