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2 September 2024 | 31 replies
That’s why I always need to maintain a well-trained team not only for cleaning but also for maintenance, ready to act quickly, especially due to the unpredictability of this sector.
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9 September 2024 | 52 replies
I don't need to have fancy cars and a new boat every year, I just want to live comfortably without having to maintain a 9 to 5 gig.
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7 September 2024 | 85 replies
On the other hand, keep in mind that there are costs associated with maintaining an LLC (such as the $800 annual franchise tax in California).2.
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2 September 2024 | 7 replies
For tax purposes, the IRS sees you and your LLC as the same entity, so transferring the title to your personal name typically wouldn’t affect the 1031 exchange deferral.However, to maintain the tax benefits associated with the 1031 exchange, it’s important to ensure that the property remains a rental and continues to be used for business purposes.
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2 September 2024 | 7 replies
Here is what Gemini AI says, better put than I can:Land Contracts in Kentucky: A Brief OverviewA land contract, also known as a contract for deed or installment sale contract, is a type of real estate purchase agreement where the seller retains title to the property until the buyer has paid the full purchase price, typically in installments.Key Features of a Kentucky Land Contract: Conditional Title Transfer: The seller maintains legal title to the property until the buyer has fully paid the purchase price.
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29 August 2024 | 2 replies
After the cost segregation study was performed, this was the new asset allocation breakdown by useful life.Here are some examples of what types of assets are included in each of these asset classes.5 Year Useful LifeSpecialized equipmentCabinets and countersRefrigerators and microwavesSecurity alarm systems and telephone connectionsDecorative wall treatments, ceiling fans and flooring15 Year Useful LifeSidewalks, landscaping and asphalt pavingSignage and site lighting39 Year Useful LifeDoors, walls, roofing and windowsFlooring, drywall partitions and ceilingsEmergency lighting and restroom fixturesPlumbing, HVAC, and electrical distributionThe use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.
2 September 2024 | 9 replies
If the HOA maintains the exterior and yard- WIN.
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31 August 2024 | 3 replies
It seems like this would be the perfect fit and you wouldn't have to spend time maintain a website.
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31 August 2024 | 3 replies
Tenant screening is, in my opinion, the most important step in maintaining both your property and your sanity.
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30 August 2024 | 1 reply
Complex Contracts: It’s crucial to have clear agreements in place to avoid misunderstandings.Watch out for vague contracts, high option fees that seem unjustified, and properties that aren’t well-maintained during the rental period.