Bruce Yi
Damages in excess of security deposit
31 August 2024 | 3 replies
Hi, my tenants just moved out and the property is a complete mess to the point where a full rehab may be needed. The security deposit is approximately 10% of total repairs so it won't cover most of the damages. What's...
Sanjeev Advani
Tenants Sign Major Lease Renewals, Supporting National Office Market Recovery
1 September 2024 | 0 replies
These renewals are helping maintain occupancy levels, even as companies remain cautious, opting to renew in place rather than relocate.The pandemic has led to a reevaluation of office space needs, with many companies downsizing or offloading excess space.
Diana Jing
Rent To Retirement Review
7 September 2024 | 85 replies
You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.
Michael Gonda
What to do with $3 million in equity
9 September 2024 | 52 replies
yup I believe loans in excess of your basis the interest is not deductable.. and from what is posted sounds like that would for sure be the situation .. so maybe if he chooses to take the loans he needs to only borrow his basis.. on each property.
Maryann Fialdini
Title Insurance Claim Denied -- Need Advise
29 August 2024 | 14 replies
If it is a COA, F.S. 718.116(8)(c) provides:(c) An association waives the right to collect any moneys owed in excess of the amounts specified in the estoppel certificate from any person who in good faith relies upon the estoppel certificate and from the person’s successors and assigns.If it's an HOA, F.S. 720.30851(3) provides:(3) An association waives the right to collect any moneys owed in excess of the amounts specified in the estoppel certificate from any person who in good faith relies upon the estoppel certificate and from the person’s successors and assigns.Now there are Master Associations that have an HOA, and the MA has condos built inside them with a separate COA, so some condos can have two assessments, one for the HOA and one for the COA.
Andrew Hinspater
Rent ready requirements - need advice
29 August 2024 | 2 replies
We want to ensure the property is safe and habitable, but these expenses seem excessive.
Malik Javed
Maximizing Deductions on Like-Kind Exchanges with Cost Segregation
27 August 2024 | 0 replies
Furthermore, only the “excess basis” of property acquired after Sept. 27, 2017, through a Sec. 1031 exchange qualifies for bonus depreciation.
Rick Pozos
Who said rents never go down?
29 August 2024 | 4 replies
Rental rates are coming down due to some excess inventory.
Mike Shahi
New construction/capital gains/death of parent- need tax advice
29 August 2024 | 4 replies
The obvious thing to do is to sell and take the tax free gains, then any excess gains are passive and can be offset by creating passive losses via investing in more real estate and doing cost segregations.
Devid Brodsky
First-time home buyer. Is 600k too much on an 85k salary alone?
31 August 2024 | 22 replies
I should add so many agents here, are gonna tell you this ******** about renting being a waste, but it’s literally cheaper by in some cases thousands a month when factoring in repairs, you can put excess savings into index funds etc. every single friend I have all of whom are pretty fiscally savvy have made the same calculation, I even have a good friend who is trying to sell his condo to rent because his monthly expenses will decrease when he sells his condo & he can be in a better area.