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9 January 2025 | 13 replies
I also agree, that income is not a protected class.
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10 January 2025 | 8 replies
This is critical for protecting yourself, your property, and your neighborhood.Here’s why:Safety Concerns:Skipping checks could allow someone with a serious criminal history—like a sex offender or violent felon—into your property.
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15 January 2025 | 8 replies
The process protects both their system and users against fraud and aligns with banking regulations, especially given the financial data involved in property management.
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7 January 2025 | 5 replies
@Cristal Ochoa @Leiah DotlichI will preface this with the fact that I have a legal background, specifically with estate planning and asset protection.
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22 January 2025 | 12 replies
It’s worth researching to see if this might be a good fit for your situation.Lease Structure and Clauses: Work with an attorney to draft a lease with strong clauses for late fees, maintenance responsibilities, and other terms to protect your interests.Target Stable Tenant Profiles: While no tenant is risk-free, targeting tenant pools that historically have more stability (e.g., retirees, dual-income households, or tenants relocating for work) may reduce risk.Stay Up to Date on Landlord-Tenant Laws: Understanding your rights and obligations can help you navigate issues more effectively if they arise.That said, if the potential risks are keeping you up at night and the financial pressure of an eviction would be too much, selling may still be the best option for peace of mind.
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16 January 2025 | 9 replies
A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.
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27 December 2024 | 2 replies
So your saying select No Damage Protection and just submit an extra charge when it's warranted?
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31 January 2025 | 27 replies
Also assuming your practice is going well, consider talking to asset protection attorneys.
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18 January 2025 | 16 replies
Use tax benefits like depreciation, repair deductions, and tax-free refinance proceeds to offset income, and consider an LLC for liability protection.
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12 January 2025 | 2 replies
LLC offers better legal protection.3) Setting up in states that allow your identity to be hid is also overblown.