When “fixed” commissions ended in real estate, the average commission dropped from 6% to 5.5%, where it has remained despite flat fee competition.  

We reached out to the guest and reminded them of the rules of our lease and they understood and turned out to be model guests for their remaining stay. 

I am not an expert on that process, but the question remains:  why are you entertaining taking this additional risk? 

You notice it on the forums as well...we rarely discuss real transactions any more and all the talk is about "the market". it is expected, pretty well expected to behave like that.one thing that we don't understand is that why certain market remains so hot and strong (for example some local market in CA), this one is unpredictable. 

Domicile: WA State (income tax free)Property location (Texas): (income tax free)LT gains + Depreciation recapture ~ $300k on a $500k income property ~effective / average tax rate = 12% for past umpteen yrs (relatively low income, avoiding IRMAA and doing Roth rolls (no 'realized' income, just transferring from tIRA to Roth = vast majority of annual MAGI income)In the end (coming soon, ~17 yrs) ALL remaining estate will go to charities / Charitable Foundation / DAF.

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

I am putting a bathroom into my garage, i have to even out my split-level floor and fill it, will have a kitchenette and the front sliding garage door will remain from the outside, but inside, there will be an insulated wall.. and they might trench a couple feet outside to run the run the bathroom piping and link it to the front sewer.

My leases tend to be sticky with tenants remaining for a few years without much trouble absorbing my vacancies so that plays into my decision as well. 

I also like to make it a condition that the seller deliver a couple of days before closing an Estoppel Certificate from the tenant where the tenant confirms:  (a) true and accurate copy of the lease and all amendments thereto; (b) address/unit they are occupying; (c) statement that Landlord is not in default under the Lease: (d) statement that Tenant is not in default under the Lease; and (e) statement of monthly rent and remaining term.This protects the buyer in the event there has been a subsequent written or verbal amendment of the lease (that the seller does not disclose) and prevents the tenant from making statements to the buyer/new landlord that are different from the terms of the lease that was provided to the buyer from the seller.Vivian

Selling @ $500kLender providing $490kCan the remaining $10k be carried by seller?