David Oh
Profit Sharing Bonus for Property Mangement Staff
15 January 2025 | 8 replies
A tiered system works well: reward individual performance (e.g., quick work order completion) and team-based success (e.g., overall portfolio stability or income growth).Be cautious when setting pay expectations.
Dallas Smith
Selling 2 properties
20 January 2025 | 3 replies
As far as your primary residence, if you have lived in it 2 out of the last 5 years, you should not have to pay taxes on capital gains (difference between what you paid for it & what you sold it for) up to $250,000 if you file your taxes as an individual and $500,000 if you file jointly with a spouse.Just a disclaimer, I am not a tax professional.
Janine Sharma
1099 or W2 for onsite MHP property manager?
12 January 2025 | 7 replies
Does anyone know if this individual needs to be a W2 or can I hire on a 1099?
Mike Sfera
When to get a property manager
16 January 2025 | 26 replies
So I said all of that to say... lol, Yes, I think you can absolutely find a PM that would help answer some questions, and I hope you find some kind individuals. :-) All the best!
Michael Plaks
Crazy technicalities: how the IRS defines your age. Spoiler: it depends.
29 December 2024 | 1 reply
The answer is NO, based on the language of Section 152(c)(3)(A):...an individual meets the requirements of this paragraph if...
Chris Magistrado
Digging Into the Justice Department’s Lawsuit Against Major Landlords
12 January 2025 | 8 replies
When an individual landlord prices their rental, they do based on what the other ones in the neighborhood have rented for.
Mario Morales
"Multi-family" agents-how to pick one's
17 January 2025 | 6 replies
@Mario MoralesI think this is a common question and the value that an agent will bring will vary by individual needs.
John Keane
Where to find gap funds?
16 January 2025 | 13 replies
BiggerPockets or LinkedIn can also help you connect with like-minded individuals.
Mike Levene
Most efficient source to pull funds from for a down payment?
16 January 2025 | 5 replies
Use caution when borrowing against your stock portfolio, especially if it's a high volatility portfolio comprised of individual companies.
Kyle Kulhanek
Retitling a property to an LLC - Chicago
16 January 2025 | 5 replies
@Kyle Kulhanek Are you planning to transfer the property into an LLC owned by both individuals on title?