Frank Hotard
First Home Issues and Strategy
10 January 2025 | 4 replies
I didn't mention it in the post, but I am forced to move because of military orders.
Roland Stone
Anderson Business Advisors
25 January 2025 | 15 replies
We have 8 business entities availing of their services, and as "advisors", they should make business life easier -- not add more work on your plate --- but instead, my team and I have been checking for mistakes, or following up on action items, missed deadlines, and paying penalties to the IRS and Secretaries of State due to their negligence.
Michael Bengtson
Potential New Investor in the Jacksonville FL area
28 December 2024 | 12 replies
I know building a reliable local network will be key, so I'm hoping to connect with experienced real estate team in the area.The military presence in Jacksonville catches my eye, and I'm particularly interested in properties that might appeal to military personnel and the associated contractors.
Neeta Agrawal
Asking for Security deposit after 1.5 yrs
4 January 2025 | 7 replies
On June 7th, we sent an itemized list of deductions via text; he responded on June 8th, disagreeing and threatening legal action.
Angelo Llamas
Taxes on a property that isn’t yet ins service
22 January 2025 | 5 replies
The property taxes will be on his Schedule A during the time the property was his primary residence, assuming he itemizes.
Greg Grisez
Tenant shot & in the hospital
11 January 2025 | 18 replies
It is not your responsibility to house this person's items indefinitely in your rental.
Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
24 January 2025 | 8 replies
Gifting equity in a house may be more trouble than it is worth if you are not near the life-time exclusion1) Potentially having to get the property appraised everytime an equity is gifted2) Having a title company update the title every time3) Exemption of the gift tax return is normally for cash gifts below the annual gift tax exclusion, you may still need to file if you gift non-cash4) If there is partial ownership over several years, having to properly pro-rate certain items such as real estate taxes, mortgage interest and rental income if the property is a rentalBest of luck
Roger Flot
Updated Insurance for renovated property
21 January 2025 | 10 replies
Of course you can get discounts for having certain items FULLY updated, like plumbing.
Garrett Brown
What is your biggest struggle in the STR world right now?
26 January 2025 | 48 replies
Another struggle i have with STR is replacing small items continually which ties back to pricing.
Nina Erlandson
Has anyone used Obie Insurance?
28 January 2025 | 56 replies
For Non-Admitted carriers, the important item to then pay attention to is the AM Best rating (or equivalent rating agency).