Mine states they are responsible for replacing consumables (light bulbs, batteries, air filters), ordinary pest control, lawn care, etc.

Furthermore, the mortar joining ought to be restricted to 10 to 12 mm (for ordinary concrete mortar) and 3 to 4 mm (for instant joining mortar).d.

Just don't list ordinary wear and tear items.

The operating agreement can also require that he provide you with monthly operating statements and anything not an ordinary expense you need to approve in advance.

If you sell after 1 year of ownership or more you will be taxed at capital gains rate.If you sell within a year of ownership that gets taxed as ordinary income.

Doubled size of concrete patio and added concrete walkway from driveway to back patio.

@Chris SeveneyHit enter too soonWhat I was going to write was one of the biggest omissions I see when people do their due diligence is understanding tax consequence.For example if a sponsor is paying as a dividend which is taxed at dividend rate compared to ordinary income on a k1 that can have significant consequencesIf you are in the 37% bracket and were looking at a 10% return ordinary income it’s net less of an 8% return taxed as a dividend.

I purchased a home 2 years ago and am now looking to refi into a second home and rent out my current house.Our neighbor installed a massive foundation that’s an eyesore and visible from our backyard patio (not to mention the street).

@Kyle Bambu I believe short term capital gains are taxed as ordinary income, which is what I believe assignment deals would also get taxed at.

Then I schedule a time to show up with an introduction letter, perform my first inspection, and answer any questions.Intro letter is short with instructions for paying rent, contacting me for ordinary questions/concerns/maintenance, and how to reach me for emergencies outside of office hours.