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21 June 2024 | 12 replies
Most likely, yes, especially if you have a clause in your lease stating that the written agreement reflects the latest understanding of the parties as to the rights and obligations and that no other promises or statements shall be incorporated to the lease (a preeminence clause).
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21 June 2024 | 11 replies
Its not advisable to hold real property in corporations, and S Corp are more corporate-like.Just stay with the default partnership and deal with the 1065 and K-1.More importantly, discuss with a qualified professional or two.
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25 June 2024 | 39 replies
Since there are so many interior walls, one feels obligated to load each room with a bunch of furniture and tiny pieces of art that will fit on the tiny little walls.
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20 June 2024 | 1 reply
Hello,I have an investment property available for rent. Someone reached out on Zillow offering to lease it for a few years, guaranteeing rent payments. They plan to sublease to professionals like traveling nurses (2-5...
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21 June 2024 | 10 replies
I'm trying to determine if the solution is to make Operator an (s) corp or if that still unequally benefits the single owner because I'll have to pay myself an acceptable wage.
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24 June 2024 | 58 replies
Their corporate office is pretty close to you, and they specialize in offering and managing investment properties in several markets across the US.
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21 June 2024 | 14 replies
Remember that if you deny (or don't choose them) based on the credit report findings, you are obligated to fill out a form notifying them.
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22 June 2024 | 8 replies
A lot of landlords are advised to put their properties in the name of an LLC for asset protection.While this is basically true, the reality isn’t what most landlords think.If a legal issue occurs with your property resulting in a lawsuit, there’s a decent chance the plaintiff’s attorney will be successful in “piercing the corporate veil” of your LLC if you were sloppy and being able to sue you directly.
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20 June 2024 | 3 replies
I dont suspect any intentional foul play here, apparently he is a doctor and most likely is in control of the corporation but I need to make sure they arent trying to execute a prohibited transaction.
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21 June 2024 | 10 replies
Provides for the acceleration of rent payments if the tenant defaults or breaches the rental agreement or otherwise waives the landlord's obligation to mitigate damages as required in section 704.29, Wis.