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18 June 2024 | 4 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.
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18 June 2024 | 9 replies
The law also imposes financial consequences for landlords who do not address maintenance problems in their rental properties.So, yes the local agent will be liable.
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17 June 2024 | 4 replies
You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year, not just when preparing your tax return.You want an accountant who can help you strategize and who is responsive when you want to know the tax consequences of the financial decisions you are making throughout the year.Good luck.
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17 June 2024 | 9 replies
You would need to put the home in oyur name which could have tax consequences then you are getting a loan to buy an asset which most likely will not cash flow.
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17 June 2024 | 27 replies
They are not trustworthy and do not care about consequences.
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18 June 2024 | 31 replies
---You could offer to let them out of the lease---Refund the cost of the test---Spend up to $x to address the issueYou should explore the consequences/expectations before agreeing to anything else.Second, allow them to get a test done by an inspector you approve.
15 June 2024 | 7 replies
You're the one that will be paying the taxes, penalties, and consequences if you take this route and it fails.
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15 June 2024 | 30 replies
I would give them suggested vendors, a consequence for failing to complete, a deadline to complete the work, and notice that I will inspect to verify the work is done to my satisfaction.After notifying the tenant, then I would contact the owner (phone or email, depending on their personal preference and my time) and let them know what happened and how I'm addressing it.
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13 June 2024 | 1 reply
Self-managing a rental property can lead to a variety of issues for inexperienced landlords, especially if they reside in a different state then the rental property. Hiring an experienced property manager who regularl...
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14 June 2024 | 30 replies
When I loan privately as a private lender, I have complete risk of my capital, I make all decisions and I suffer the consequences or rewards of my actions!