Jay Hinrichs
New laws in Oregon now define who can wholesale and what license is required
9 January 2025 | 46 replies
How do the MLSs in the state treat equitable interests?
Charles Evans
What Paperwork Should I Be Keeping Record Of?
23 January 2025 | 5 replies
Here's a list of things to track:- Formal lease application- Formal signed and executed lease specific to your state- Payment history (I recommend using online rent collection like Apartments.com, RentRedi, etc)- Maintenance requests and receipts- Accounting for all rental-related expenses (repairs, utilities, etc) The more you treat it like a business, the more helpful you are to your CPA come tax time.
Tenzapa Wakombe
"It is easy to doubt everything when you know nothing" Intro Post
24 January 2025 | 12 replies
Attached to this post is Ja Morant and Desmond Bane delivering treats to our floor for the holidays!
Daniel Alvarez
What is the best way to see a person is a good Tennant?
12 January 2025 | 11 replies
Previous landlord references on how they treated their previous property.
Account Closed
Property managers allowed unsupervised showings, resulting in theft
17 January 2025 | 5 replies
I understand that it's unrealistic to expect anyone to treat your property with the same level of care you would, but the company we hired has been a NIGHTMARE.
Lauren Ruppert
Can an LLC (sole proprietor) sell a property to an LLC belonging to a son/daughter?
22 January 2025 | 5 replies
Selling below FMV treats the difference as a gift, requiring a gift tax return (if exceeding $19,000 in 2025).
Troy Parker
Renting your first rental to a friend
26 January 2025 | 11 replies
Friendship and business don’t always mix well, so it’s critical to use a solid lease and treat this as a business arrangement.
Rick Im
2nd mortgage lender
17 January 2025 | 4 replies
To leverage the equity for financing my next deal, a second mortgage seems like a more cost-effective option.
Tom Rairdon
Tax considerations when selling a short term rental
12 January 2025 | 8 replies
.- Unrecaptured falls under section 1250 and is treated as ordinary gains and capped at 25%- My capital gain from appreciation and improvements under section 1231 was treated as a long term capital gain since I owned both assets over a year.Hope this helps.
Jorge Abreu
📉Lowering Expenses and Increasing Efficiency
28 December 2024 | 1 reply
By exploring options for cost-effective utility usage, such as installing low-flow fixtures and implementing irrigation systems, we can significantly save on water expenses.To keep things running like a well-oiled machine, you’ve got to have a rock-solid asset management plan.