Raj Kumar
Tenant did not sign lease, handed Security Deposit, now doesn't want the place and requesting refund
9 December 2015 | 21 replies
I get a text that she has an emergency and her mom will instead and come in and drop the cash and she will sign the lease electronically.
Vitaliy Merkulov
deadbeat tenants database for small landlords?
10 March 2022 | 33 replies
I'm a small landlord that currently has 3 rental units, I'm also a web developer, with experience from Apple, Intel, SHARP electronics so I'm good at making websites.
Martin Senn
Self directed IRA
16 June 2016 | 18 replies
@Martin SennThe following may assist you decide whether to go the IRA or IRA LLC or Solo 401k route:The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andThe Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC) must be used;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016; the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)
Jason Johnson
Which item would you want in your vacation rental?
6 June 2022 | 25 replies
Electronic games are not a great idea, @Lucas Carl mentioned just more to break and maintain.
Account Closed
A baltimore city landlords thoughts (not mine)
15 December 2016 | 8 replies
They are a collection of electrons and muons, a brilliant orchestration without modern historical precedent of all the conceivable elements that serve one purpose: ruin.
Meghan McCallum
Best Appliance Brands
22 December 2015 | 6 replies
Usually those are the ones with fewer electronic parts and fewer extra features.For ease of cleaning, we tend to find the best answers from our own experience, our cleaning crew, and the tenants/residents who use the appliances on a regular basis.
Courtney Huntoon
Getting tenants to pay online versus in person
18 March 2018 | 4 replies
We provided them with a 30 day notice of policy change and implemented a $45 processing fee for any one paying outside their electronic option provided.
Christian Podedworny
Building low income housing using Shipping Containers ?
26 January 2019 | 65 replies
@Christian PodedwornyIt's an interesting idea for sure.I have worked with people that had manufacturing (electronic and mechanical) done in China before.
Tyler Zimmerman
Pay for Probate Listing at Courthouse
28 January 2017 | 13 replies
The court clerks then file the paperwork electronically.
Amber Gazzolo
Rental Management Software
24 February 2023 | 8 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.