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26 February 2022 | 22 replies
Just like STR, they need to be furnished and stocked, but you don't have to provide as many commodities like shampoo, soap, etc.
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28 July 2011 | 21 replies
Kevin: Yes this tenant was actually living in this mess...there was alot of hair caked onto the sink from shaving, a leftover used bar of soap, and was seen moving out person belongings like clothing and a bed.I imagine we wouldn't have a hard time tracking him down as we have employment paperwork, application information, and even a forwarding address he left at key turn-in...although I would be very surprised if this address is legitimate(he must know what kind of evidence he left behind).Also no complaints from neighboring units of strange smells.George P.: I spoke with our maintenance head and found out that this tenant was fired from his maintenance position due to "coming into work sick and tired frequently" and having an alcohol problem.I agree the authorities should be contacted, but as far as I know this has not happened.
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19 July 2017 | 3 replies
A simple cleaning method is to use the mixture of white vinegar and warm water and maybe a couple of drops of dish soap.
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5 February 2021 | 10 replies
Pay a little to get more in rent.Be sure the lease addresses how common area damage, common expenses (like toilet paper, dish soap, etc.), and common utilities will be covered.Good luck!
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17 August 2020 | 3 replies
So in the above scenario, if you gave out a total of $12.58 million over the course of your life but half of it was comprised of individual $15,000 gifts, you would not have used up your lifetime exclusion and would not owe any tax.Again, I'd definitely seek advice from an accountant, but depending on the value of the property, you're probably in good shape.
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31 March 2020 | 9 replies
They promote that you can get a credit line up to $2MM at 0% for a year, but even with great credit I was only pre-approved for $50M.Now they want $3,495 for getting the credit (comprised of various credit cards that you have to pay an additional fee to get a cash advance from) and an additional $3,000 for a year of consulting where they will get you another year of additional 0% funding.
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4 August 2016 | 11 replies
These apartments can be rented out for $850 bringing in an additional $20,400.So for NOI I would calculate: $100,000(reveniue)-$2,500(linen service)-$5,641(electric)-$990(water)-$2,800(insurance)-$3,360(maid service)= $84,709Now I understand there might be some other expenses like the mini soaps and such, but I don't think these would be major expense.
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30 March 2016 | 53 replies
The victim profile is changing, however; as predatory lending practices become more vicious, sophisticated, and prevalent, young, white prospective homeowners are as at risk as populations that historically may have been more vulnerable to them.Predatory lending in the context of home buying is comprised of a plethora of lending practicing and arrangements, including:Kickbacks to mortgage brokers (Yield Spread Premiums, where a broker can get a loan at a lower interest rate, but tells the borrowers only about the higher rate loan so that the broker will receive a kickback from the lender);A lender’s arrangements for payments that are higher than the borrower can afford;Falsifying loan applications (i.e., a lender may state on a loan application that a prospective borrower’s income is greater than it really is in order to facilitate approval of the loan);Adding insincere co-signers (lender adds a fake cosigner for loan approval);Making loans to mentally incapacitated homeowners;Forging signatures (lender forges a borrower’s signature on an early disclosure);Paying off lower income or interest mortgages;Loans in excess of 100% loan to value (LTV);Bait and switch tactics, such as substantially changing loan terms at closing;High annual interest rates;High points or padded closing costs;High loan origination fees;Balloon payments;Negative amortization (where principal balance increases rather than decreases);Padded appraisal costs (inflated home values in appraisal);Padded recording fees;Bogus fees (e.g., HUD will state that the broker has a fee for underwriting fee, when in fact brokers have no underwriting fee);Itemizing duplicate services and charging separately for them;Misinforming the prospective homebuyer that credit insurance is required and/or failing to disclose to the buyer that they are earning a commission on the insurance;Mandatory arbitration clauses;Falsely identifying loans as lines of credit or open ended mortgages;Forced placed homeowners insurance (lender falsely claims that homeowner does not have insurance and then gets an undisclosed commission for selling it to them);Repeated refinancing (flipping);Daily interest when payments are late;Excessive prepayment penalties;Foreclosure abuses; andHome improvement scams.A range of state and federal law of laws are available to help attorneys address dismantle the harm wrought by predatory lending practices.
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20 October 2013 | 14 replies
If there is a loss it is subject to passive loss limitations.He would be subject to Self employment tax (15.3% comprised of Social Security and Medicare).
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14 February 2014 | 40 replies
Asking forgiveness could be asking your cellie to forgive you for dropping his soap. :)