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28 June 2022 | 7 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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4 August 2020 | 4 replies
It sounds like you are in a really good position with this property, and the option of doing nothing is not going to harm you.
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15 August 2020 | 7 replies
Haven't used either in depth myself so no harm checking them out.
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17 August 2020 | 3 replies
You can try and appeal, as there's no harm or extra cost if you fail to get the number you want.
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14 August 2020 | 6 replies
Substance over form, step transaction, etc.As far as i understand tax authorities don't know who conducts transactions with cryptocurrencies, to what extent and for what profit.Not to further lay it on you (two people have already said something), but no successful person I know thinks like this.
7 August 2020 | 14 replies
Although taking in information from others can be great, it can also be pretty harmful as well.
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18 August 2020 | 7 replies
While no mold assessment or testing was performed, a mold like substance was noted on the structuralcomponents of the basement and crawl space.
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15 August 2020 | 7 replies
Do they have a substance over form argument - sure!
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15 August 2020 | 7 replies
Tax will not go up, I may be liable for any harm/damage in the basement, I can rent it quickly.If I go with official way - it'll take lot longer, pricier with big probability of pain in the ***.
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17 August 2020 | 16 replies
You could claim all you wanted it is rental income, but the IRS is going to look at the substance.