Kim Tran
1031 Exchange Equivalent from investment properties into primary residence
19 November 2024 | 10 replies
Different things so no big cross over, but you won't be able to claim the homestead exemption while you're renting it out, because it won't be you who is living there.
Sarah Rosko
Handling Delayed Move-In Complaints
22 November 2024 | 12 replies
While this hasn't been needed in the past, I’m considering if it could help prevent tenants from reporting problems later that they claim existed when they moved in.
Anna Thanopoulou
First year depreciation in STR
19 November 2024 | 7 replies
For a property placed in service in mid-November, you can claim approximately 1.5 months of depreciation for the first year.With a cost segregation study, components may use different conventions:1.
Jeff G.
Code Enforcement Groundhog Day
21 November 2024 | 9 replies
I also asked her to try to schedule the next inspection at the start of their workday to make it difficult for the inspector to claim to have been delayed by some other matter with any sort of credibility.
Michael Moreno
Question Regarding Depreciation
16 November 2024 | 6 replies
Not only your depreciation is limited, you cannot claim any loss.For 2025, you will have two separate periods.
Sarah Albert
Tenant wants to break year lease after 2 months
22 November 2024 | 12 replies
She claimed "air quality" and "water quality" problems among her chief concerns.
Tzvi Keisar
Recommendation for tax strategist pro
19 November 2024 | 5 replies
If you are claiming Real Estate Professioanl Status(REPS), it is important to keep a log of your activities.
Julio Gonzalez
Top Home Tax Deductions
17 November 2024 | 0 replies
2️⃣ Property Tax Deduction: Claim up to $10K for state & local taxes.3️⃣ Capital Gains Exclusion: Sell your home?
Denise Evans
Tenant Estoppel Letters
19 November 2024 | 0 replies
At a bare bones minimum, the letter confirms the start/end dates of the lease, monthly rent, paid-through date, absence of any prepaid rent other than the current month, and security deposit amount.Better, it will include statements there are no unresolved claims or disputes or repair issues with the current landlord, and no verbal or written side agreements.Better yet, it will include a copy of the tenant's lease, and a confirmation the lease is a true and correct copy with no amendments.
Cody Anderson
Bringing New Co-Owners into my NYC Fourplex
18 November 2024 | 3 replies
what about quit claiming the two owners onto title as tenants in common and managing the ownership through a TIC agreement?