Caryn Fischer
Tax question with selling a house
22 January 2025 | 4 replies
Selling at FMV avoids the gift tax but provides your child with a higher tax basis, reducing their future capital gains liability.A better strategy for selling below FMV is to sell the house at FMV on an installment note, then forgive interest and principal annually up to the gift tax exclusion amount.
David Oh
Profit Sharing Bonus for Property Mangement Staff
31 January 2025 | 10 replies
I believe these systems only work if you have good employees, in which case a bonus is unnecessary.I provide strong compensation, some benefits like 401k, growth opportunities, and a strong work culture.
Kyle McVay
Looking for Property Management Rec.'s
20 January 2025 | 5 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
Bruno P.
Screening Fee amount (is it OK to charge more than $25 in WI?)
31 January 2025 | 4 replies
Additionally, ATCP 134.05 says that if the tenant provides a consumer credit report from an agency that compiles and maintains files on consumers on a nationwide basis and it is less than 30 days old, the landlord may still run a credit check but at its own expense.When I inquired with the company, they replied: "These laws are in place to ensure that you, as a landlord, are not profiting by incentivizing multiple applicants to apply when you have no intent to rent to them.
Edward Segaar
Private equity lending
16 January 2025 | 1 reply
They aren’t able to get a mortgage themselves so they would provide the money while the mortgage and deed would be in the others name.
Yooni Choi
How to self-manage out-of-state property
25 January 2025 | 12 replies
In fact, even with my extensive experience, I choose to have all my properties professionally managed.Here's why:Tenant Selection Is CriticalThe most valuable service a property manager provides is selecting reliable tenants.
Jack Larkin
Lee Arnold's Capital Syndicate
21 January 2025 | 74 replies
Yes, we can provide a digital issue but we are not allowed to past links here, sorry.
Will Daugherty
Building a portfolio dashboard
19 January 2025 | 1 reply
If anyone can point me in the right direction for this math, I will see if I can get it built into this dashboard.Thank you to any who can provide guidance, insight or want to collaborate.
Joey P.
Rezone vs ADU
30 January 2025 | 7 replies
RM-4.5 zoning would allow for a higher unit count and could provide more flexibility for future development, regardless of ADU policy changes.One potential benefit of rezoning before any citywide expansion is that it might allow you to lock in additional density rights ahead of any potential restrictions or revisions the city could impose when expanding the program.
Michael Lam
Advice on investing in small multifamily rental properties in Cleveland Ohio?
30 January 2025 | 32 replies
Lower taxes, no POS and lead testing.