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Results (10,000+)
Saika Maeda ADU permit or not; financial implications
20 December 2024 | 27 replies
You can only play games for so long.Chances are your next door neighbor is an IRS agent and turns you in when your tenants blocks their drive or some other random event disturbing your IRS neighbor.ADU catches fire and your insurance won't cover you, because it was an illegal and unpermitted structure.The city inspector told the last guy not to build or rent it, and is now pissed and wants to make an example of you and just red tags the whole property and no one can occupy for the next 1-2-3 years while you wait for a hearing.Then when you get the hearing, "staff" recommends you tear the whole structure down, and if you still want an ADU, you can apply for a permit and rebuild it.Your tenant quits paying rent and won't move out and you can't evict them, because there is no valid lease and they're just your "roommate".Probably a dozen other bad things can happen to you when you do stuff like this. 
Chris Olandese Tenant threatened to move out
18 December 2024 | 13 replies
couple of bullet points to bring up:* she's on M2M* I told her on 12/7 of the new rent which would apply to a new Jan. 1 effective lease, this is when I got the "I'm moving out" message* Sent her the move-out letter on 12/11, with options for her to either be moved out by 12/31 (she's fully paid up for month of December) or by 1/11 (30 days from date of notice) and pay a pro-rated rent based on her CURRENT rent amount. her choice, either is fine with me.With all that said, I'd love to do as you mentioned and post a notice on her door. 
Agatha Oliveira Philadelphia Tax Foreclosure Auction Time for receiving deed
19 December 2024 | 5 replies
Additionally, the right of redemption only applies if the property was owner occupied during the 90 days prior to the sale and this is not the case here. 
Khalid Al-Amin New Member - Kansas City & Chicago
17 December 2024 | 34 replies
I'm currently applying for a Special Use Permit (SUP) to build an 8-unit residential building.
Angelo Llamas Tax breaks for a rental breaking even
19 December 2024 | 12 replies
These expenses can create a paper loss, which may offset other passive income or carry forward to future years.If you qualify for Real Estate Professional Status (REPS) or actively manage a Short-Term Rental (STR), the losses can be applied against your active W-2 or business income, reducing your overall tax liability.
Don DeMarco Property Tax for Second home near Hilton Head
17 December 2024 | 2 replies
You can look into the ATI exemption, but I dont know if it applies to vacation homes.
Jorge Borges Has anyone worked with Tardus Wealth Strategies?
15 January 2025 | 144 replies
Every month I applied my cash flow and what I was getting from Prosper to pay down my line of credit in about 4 and 1/2 months.
Michael Palmer Reasonable Construction Loan Terms
21 December 2024 | 10 replies
Contingency:No need to go through the same process to illustrate contingency but contingent funds can be applied to the loan interest example above.
Damon Albers tenants breaking leases and excessive damage make it hard to be profitable
5 January 2025 | 39 replies
If they don't pay your judgement you file it as a lien at the courthouse and they won't be able to get a mortgage to buy their home until that judgement is paid because that lien would apply to any house they buy and be in 1st lien position BEFORE the mortgage.
Jack B. What are the rules for evicting ABNB guests?
18 December 2024 | 6 replies
If someone stays at a property for 14 consecutive days or more, they could potentially be considered a tenant under state law, even if their stay is structured as short-term renewals.If the individual is classified as a tenant, landlord-tenant laws would apply, meaning you may need to follow formal eviction procedures to remove them.