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3 September 2024 | 5 replies
And given that many syndicators that offer paid mentorship cost in the 10s of thousands, I would just be very clear with each group you talk to on what you are needing versus what they actually offer.From the bits I have seen about a lot of people's mentorships (to be clear I have not gone through any), they cover market selection, basic underwriting, some marketing, basic legal compliance items.
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2 September 2024 | 9 replies
In general, the NMLS should be your compliance/regulation guide, as it compiles tons of state-level requirements.
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7 September 2024 | 36 replies
Having said that, in terms of willingly breaking the law, I'll leave you with this excerpt from Ayn Rand's fabulous Atlas Shrugged and the suggestion that you never give them your guilt, for they will assuredly wield it against you:"Did you really think we want those laws observed?"
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7 September 2024 | 85 replies
You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.
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31 August 2024 | 1 reply
These standards include a mandatory five-day grace period for rent payments, a 30-day notice for rent increases, and a 30-day notice for lease expirations.Borrowers must incorporate these standards within six months of closing a loan, and full compliance is required within 24 months.
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30 August 2024 | 3 replies
I will be happy to connect you with investors, and I can assure you they will not all sing the praises of REI and passive investing.
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30 August 2024 | 22 replies
One of the biggest drivers of change was quality assurance.
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29 August 2024 | 2 replies
I recommend consulting with a cost segregation specialist to ensure accurate classification and compliance.
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30 August 2024 | 6 replies
This step ensures compliance with local regulations.From my experience, when I had an STR in Cleveland, I only did the regular rental registration, so make sure you complete both registrations to avoid any issues.Cleveland is a popular spot for STRs, especially for visitors coming for sporting events and medical purposes.