4 July 2024 | 3 replies
California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.
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3 July 2024 | 2 replies
An umbrella policy is designed to cover excess liability so they always want to see an underlying policy for protection.
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3 July 2024 | 0 replies
This makes it an ideal starting point for new investors or those looking to diversify their portfolio without taking on excessive risk.Potential for Appreciation: San Antonio's real estate market has shown steady appreciation over the years, driven by economic growth and an influx of new residents.
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7 July 2024 | 89 replies
I don't like doors as a metric but appreciate it when a newb starts using the terms in excess as it tells me they've started in the last 2 years or have 1 or 2 "doors" without me having to ask.
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1 July 2024 | 3 replies
It just seems excessive.
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1 July 2024 | 2 replies
Agreed with Account Closed - putting real estate, or a real estate partnership - within an S-Corporation provides effectively no value, while creating significant headaches and tax consequences.The only real benefit left for an S-Corp is partial shielding of employment taxes - but a rental property already doesn't produce any self-employment taxes, so the one benefit already doesn't apply to the rental.Then you have problems with not getting basis in the debt of the property, having a lack of flexibility on future structure, issues with distributions in excess of basis...just nothing about it is good.If the Partnership hires a property manager, and that property manager ends up being your S-Corp - great, now you are perhaps better managing your exposure to self-employment income as a result of these property management fees.
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28 June 2024 | 2 replies
However, the dog has excessive barking whenever the tenant is not home.
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30 June 2024 | 8 replies
You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.
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29 June 2024 | 3 replies
PHX has a hillside ordinance that's not that easy to navigate, so you may lose SF due to excessive slopes or what the ordinance dictates.I'd suggest doing a bit more research - can you get a survey of either property?
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1 July 2024 | 25 replies
You increase their energy bill by having to run the pump excessively.