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31 October 2024 | 7 replies
I'll reach out to the lawyer in the meantime, but I suspect if they refuse to pay it, it'll have to come out of their security deposits when they move out?
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31 October 2024 | 7 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
30 October 2024 | 1 reply
The IRS requires the hours to be specifically in real estate trades or businesses, which typically means activities directly related to owning, developing, operating, or managing real estate properties.IRS Publication 925 outlines what counts as real estate trade or business activities, like development, construction, acquisition, management, leasing, and rental operations.
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31 October 2024 | 0 replies
Negotiation involved a thorough analysis of the property’s potential and local comps, allowing us to secure it at a price that would ensure profitability after renovation.
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31 October 2024 | 23 replies
At a bare minimum, I would require a written lease agreement and a standard security deposit equal to an entire month of rent.
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30 October 2024 | 12 replies
In several areas, the shingles need to be secured because they can flip up.
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31 October 2024 | 3 replies
Move at your own pace; don’t feel pressured.Getting Around: Rideshare or public transit works.
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30 October 2024 | 2 replies
So the total amount that should be paid will be rent for remaining days in month + security depositORrent for remaining days in month + next month + deposit - I don't know when would this situation arise.
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29 October 2024 | 2 replies
There is a unique tax deduction in the US called a “conservation easement.”It was designed by the IRS to encourage real estate owners to make pristine land, that could be enjoyed by the public, a conservation ground, and thus un-developable.In return, the landowner could treat the act of granting a “conservation easement” as tax-deductible.
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30 October 2024 | 4 replies
Clean-out crews make a living towing away whatever is left behind.The removal of renters from their homes is also a topic of increasingly broad public concern.