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13 October 2024 | 11 replies
In this case, it would be appropriate to allocate only a nominal amount, if any, of the building’s sale price to carpeting.
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?
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10 October 2024 | 23 replies
I think the more appropriate question is whether people know how to differentiate net cash flow from net earnings.
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10 October 2024 | 9 replies
Given that it sounds like this renovation may have upgraded the property, capitalizing it is probably the more appropriate route.
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8 October 2024 | 0 replies
What terms or incentives would be appropriate to attract investors for this timeline?
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8 October 2024 | 1 reply
“There are other appropriate ways to bring down indoor temperatures, but a building’s electrical system and cost barriers must be taken into consideration,” wrote Debra Carlton, CAA’s executive vice president.Instead of costly mandates, CAA supports aligning the bill with AB 209, which directs the Department of Housing and Community Development (HCD) to develop practical recommendations for maintaining safe indoor temperatures by 2025.
10 October 2024 | 0 replies
The testers help determine the probability of incorrect outlet wiring for an outlet.Aside from checking the outlets directly, you can research local electrical codes to ensure that your breaker panels are in compliance and that you have the correct types of outlets in the appropriate locations.
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9 October 2024 | 2 replies
This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).
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13 October 2024 | 54 replies
Some other measure.... or some combo of the above or any other fair & equitable method appropriate for your situation.As long as it's easy, clear and well-explained in writing - and plainly laid out in the Tenants' leases - it will be fine!
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10 October 2024 | 17 replies
Did you execute contracts with each contractor with appropriate indemnification language and warranties?