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12 December 2017 | 62 replies
I'm sure they'll have you believe they treat both the same but that's BS.
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22 August 2016 | 38 replies
Treat you tenants honestly with respect.
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24 August 2016 | 24 replies
When I say that, I do not mean that you should treat them badly, just the opposite, but you should treat them in such a way that they know you will strictly enforce the lease agreement and that you are in control.I don't know what being pregnant has to do with the return of deposit, but....In regard to keeping the deposit, what does your lease say about it?
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24 August 2016 | 6 replies
@Andrew R. the NRW 91-01: Withholding on Sale of Real Property by Nonresidents is a good link - I went to bookmark it and found I had already done so in 2012 :)My understanding is that it's "withholding" meaning the seller may get some or all of it back once s/he/they file a tax return in Rhode Island for that year.Also a close reading mentions a possible exemption for sellers 55+"In the event that the sale of the property by a nonresident will not be subject to tax under Sections 121 (One-Time Exclusion - Over 55 Principal Residents)... the nonresident seller must make the gain election and file the RI Form 71.3 Election even though no withholding need be made""If the property Martha was selling was her residence and if she otherwise qualified and intends to treat the sale under Section 121 of the Internal Revenue Code (one Time Exclusion Over 55 Principal Residence), she would still have to file the election form 20 days before the closing but would complete the election form and use the special types of transactions area on the back.
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23 August 2016 | 0 replies
Not working more hours than that (750) for any other income.Then I realized that when managing multiple properties there are additional rules and to get around it one can permanently elect to treat them as one but then it could fire back when selling one of the properties... and then I am lost.Can you recommend prescriptive guidance on it?
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25 August 2016 | 5 replies
This is a business, you have to treat it like one.
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10 September 2016 | 89 replies
Looking at risk factors such as the type of tenants, evictions, vacancies, maintenance repairs, how they treat the place, etc. are all risks that aren't factored.Just adding some more color for those reading this.PS I own 4 houses in Indy and 2 in KC, so I'm speaking from experience.
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27 January 2018 | 12 replies
Be very clear about what data you are basing your rental decisions on.Check the same social sites for every applicantEvery applicant should be treated the same, so check the same sites for each potential renter.
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26 August 2016 | 20 replies
No carpet, no hardwood in rentals ever.A rental property should never be fitted out like a personal home, tenants never treat it as if it was there home and neither should a landlord.
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28 September 2016 | 8 replies
Would the full 128K be seller financed or just portion of it example 100K then at a 5 or 7 year balloon the remaining 28K or remaining balance of the 128K be paid in full.2-since 51k is owed as a refi, is it treated just as the same condition as a regular mortgage would when it comes to seller finance.