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30 October 2024 | 12 replies
That said, we require 1-2 months of rent in our market (Indy) and it's based on their qualifications.
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4 November 2024 | 13 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
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2 November 2024 | 8 replies
However, it’s not the only way to get the qualification, it allows for Self and Homeowner declarations and documentation to add up experience, its just not as easy as an existing GC stating “he’s good to go”.Pursuant to Business and Professions Code (BPC) Section 7068, applicants’ experience must be verified by a “qualified and responsible person.”
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31 October 2024 | 11 replies
However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.
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31 October 2024 | 17 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
28 October 2024 | 5 replies
You may have it priced too high, bad pictures, etc.I recommend you include some of your key qualification criteria in the advertisement.
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28 October 2024 | 4 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
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30 October 2024 | 15 replies
You should screen the girlfriend to see if she passes your qualifications to be added as a tenant.
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29 October 2024 | 12 replies
Qualification is annual.
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24 October 2024 | 4 replies
If you're getting 80%, I’d love to hear what the qualification process looks like, since that's not something I've come across lately.