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Here's How to Calculate Rental Income For Child Support
10 October 2024 | 0 replies
Since the Internal Revenue Service (IRS) doesn’t consider child support taxable income, I would not consider it in the rent calculation unless you have a HUD-specific home.According to hud.gov, “[rental property] owners must count alimony or child support amounts awarded by the court unless the applicant certifies that payments are not being made and that he or she has taken all reasonable legal actions to collect amounts due, including filing with the appropriate courts or agencies responsible for enforcing payment.”So, does child support count as income for renting?
Marc Shin
Homeowners insurance for an STR
8 October 2024 | 8 replies
I agree with telling your insurance agency you are going to have a STR and get the correct insurance.I personally think 1 million liability is plenty.
Colton Kotylo
Getting Out of The Contract
6 October 2024 | 49 replies
This is the pertinent section of a NAR Exclusive Buyer Agency Agreement from PA.
Lexi Blevins
Residential Assisted Living- What is up with this?
7 October 2024 | 22 replies
Often times there are bedroom size requirements, residential sprinkler system requirements, among others.You'll want to then check the state regulation agency and review their requirements and licensing process.
Nate Pucel
Questions about possible eviction
6 October 2024 | 7 replies
I feel like I'm at the point of have to give a 5 day notice (Illinois), but I'm also wanting to notify their nursing placement agency as they're not paying rent, and they've been late on rent 2 other months now.
Jay Garrison
passed Illinois RE exam, now what?
5 October 2024 | 4 replies
For leases you write for your own buildings need give tenants no agency disclosures.
Eric Fichera
Emerging markets with friendly landlord laws
9 October 2024 | 23 replies
Tenants began pulling down the smoke detectors and calling out the Licensed and Inspection agency to write up the properties for violations so I could not get my rental license.
Ian Stuart
Freddie Mac SBL & Fannie Mae Small Loan Financing - Multifamily Apartments
4 October 2024 | 10 replies
Given the recent pickup in activity, I thought this would be a good time to re-hash the agencies' small balance multifamily loan programs for future reference.
Kristi Miller
Has anyone started a STR cleaning company (or PM company)?
8 October 2024 | 14 replies
Many of them were listing their services on https://pro.aroundwire.com/, and preferred to avoid working for an agency or company.I’m not sure how you guys are building a monopoly in such an unpopulated area, but keep up the good work.
Zak House
Eviction Collections Support
4 October 2024 | 4 replies
We are also in Phoenix.Can you contact me about the collection agency.