Tim Porsche
When and How Much to Lower Price on Flip
20 October 2024 | 8 replies
Did you complete any moisture tests to confirm there's no mold growth?
Lance Turner
LTR with an STR ADU
23 October 2024 | 28 replies
Inform your LTR tenants about these rules and let them know they can report any excessive disturbances directly to you.Communication: Keep an open line of communication with your long-term tenants, so they feel comfortable voicing any concerns early on.Outdoor Amenities: If there's a shared yard or patio, think about dividing these spaces further to give both STR guests and LTR tenants their own zones.Protecting Your STR from Bedbugs:Mattress Encasements: Invest in high-quality, bedbug-proof mattress and pillow encasements.
Will Mejia
Solar panels for 3-unit rental property??
18 October 2024 | 7 replies
Installation Costs and IncentivesAverage Cost: Residential solar systems typically cost between $15,000 to $25,000 before incentives for a 6kW system (suitable for an average home).Incentives: Illinois offers substantial incentives, including:Federal Tax Credit: A 30% federal tax credit applies to system costs.Illinois Shines Program: Provides Solar Renewable Energy Credits (SRECs) that homeowners can sell for additional income.Net Metering: You’ll receive credits for any excess energy your system produces, reducing your utility bill.2.
Travis Dumont
Best Property Management software to use??
17 October 2024 | 10 replies
You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.
Joseph Fenner
How do I buy 10 rental properties in 1 year?
30 October 2024 | 94 replies
This is NOT the time to take excessive risk.
Joe Scott
Tax return size --- an audit flag?
18 October 2024 | 8 replies
The key factors that may raise audit risk are discrepancies in reported income, excessive deductions that appear out of line with your income level, or unusually complex transactions.
Rick Baggenstoss
Tax Deed in Atlanta question
20 October 2024 | 32 replies
The bank will sometimes take the excess funds (difference between redemption amount and winning bid) as a immediate cash benefit on their books and write off the loan.
Ross Kane
LLC piercing corporate veil
21 October 2024 | 13 replies
California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.
Malik Javed
How to Allocate Land vs. Building Values for Investment Property
17 October 2024 | 4 replies
In situations where the county tax assessor’s land value is excessive, considering other options can yield significant permanent tax benefits that can be further enhanced by a cost segregation study.If you'd like to discuss this topic further, feel free to comment or DM.
David Kanarek
Beware of Norada Capital: Caveat Emptor My Fellow Small Investors !!!
24 October 2024 | 88 replies
What was your investment and what type of return did they offer you.I have no problem people losing money if they were expecting excessive returns on high risk products.