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29 January 2025 | 4 replies
Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.
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7 February 2025 | 9 replies
@Nathan Gesner will do, thanks for your response!
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4 February 2025 | 11 replies
Hello Erik, I really appreciate the response.
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23 February 2025 | 9 replies
Thank you for the responses everyone.
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23 February 2025 | 7 replies
Now, we are no longer responsible!
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23 February 2025 | 15 replies
Wow, thank you all so much for your responses.
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7 February 2025 | 6 replies
I believe it is completely reasonable to have a clause in your lease that places a cap on utilities with any overage (proven by a bill) being the responsibility of the resident.Our clause states that any electrical bill (we don't have gas, and water has never been a problem) that is over double the same month's bill from last year will have the overage assigned as a fee.It is important to keep your bookkeeping straight if you do assess a fee.
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7 February 2025 | 7 replies
Thanks for your insightful response!
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3 February 2025 | 9 replies
I appreciate your responses @Makani Donaldson Leveraging your existing relationships will probably much easier than trying to find someone you don't already know agree to help you out.
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10 February 2025 | 24 replies
I get more responses from craigslist than this sec8 site.https://www.gosection8.com/logreg.aspx?