Jessica DiPonziano
Rental License in Philadelphia Process Confusion
29 April 2024 | 6 replies
You should be able to get a license by uploading a proof of ownership like a settlement sheet doc HUD or ALTA.
Christine Shay
My Realtor wants to copy my Drivers License
30 April 2024 | 57 replies
Their settlement, from what Google tells me, amounted to less than 50 cents a person.
Candi Kham
Seeking Advice for First Rental Property Venture
29 April 2024 | 4 replies
Maintain proper records - Contracts, Settlement Statements, Agreements, Promissory Notes etc.Additionally, youcan track income and expenses consistently, using software or spreadsheets.As you scale, ifbookkeeping isn't fun for you, consider hiring a bookkeeper for a couplehundred bucks per month.
Andrew Postell
HOW TO: Avoid the “DUE ON SALE” Clause
28 April 2024 | 20 replies
The original seller whined about not getting any money out of the settlement.Ocwen had two years of legal fees and a non-performing note and had to pay a settlement amount with an NDA.The buyer understood how the system works and used it wisely.
Bret Kingcade
Should the tenant be billed for full carpet replacement?
28 April 2024 | 25 replies
According to the IRS (and not someone's opinion), carpet is depreciated over 5 years:https://www.irs.gov/pub/irs-pdf/p527.pdfLook on p9 in the box.Therefore, I would counter them at the 5 year depreciation calculation and GET IT IN WRITING as terms of the settlement so they don't come back on you.Pet smells have a way of coming back no matter how the carpet was cleaned, so I can understand the replacement.
Sandra Tendilla
Property Survey Issues in Erie, Pa
26 April 2024 | 2 replies
Sometimes, there are even settlements where the parties agree to split the baby and draw a new property line in between.
Sylvester Hardison
Insurance for Rental Property
25 April 2024 | 7 replies
And their roof loss settlement is "variable by roof age", not actual replacement cost, nor depreciation adjusted (most insurances will hold the depreciation portion of a claim till the repair is done and only then release the funds).Make sure you compare apples to apples when shopping around, pay attention to what they give you for "free", what deductibles apply and when exactly you can get coverage from the insurance and to what limits.
James Wise
NAR Lawsuit Settled! Offering Buyer Agent Commissions in the MLS now Illegal!!!
25 April 2024 | 209 replies
The settlement isn't even a done deal.
Craig Ancier
How did you start in real estate investing
26 April 2024 | 40 replies
After my recovery I did 12 months of market research (biked, drove neighborhoods, walked properties), and used some settlement money to buy a distressed property under market value.
Jeremy Pastor
Property Line Boundary Dispute
25 April 2024 | 27 replies
If it does then you either get your own survey and hope it shows something different, comply with the neighbor's request or negotiate a settlement, say an easement to you for the encroachment.