Katie Lyon
Collections or Small Claims Court?
9 December 2024 | 4 replies
Get the judgment and frequently the court personnel will instruct you on how you can collect.
Roxanne Whitaker
MD Tax Law on Out of State Investment Owners
15 January 2025 | 1 reply
The withholding can also be stopped altogether, and only actual taxes owed will be collected by filing form MW506NRS at least 21 days prior to settlement and filing it with the Comptroller of Marylands office to get the exact actual tax owed calculated.
Samuel Kim
Real estate professional status 750 hours doable?
17 January 2025 | 11 replies
Nice try, but this time does not count.In order to meet 750 hours, your wife will need one of the below:- do something else real estate related, like wholesaling or realtor- actively work on expanding your rental portfolio - have an extensive DIY rehab, like a month-long full-time rehab (and then she might need another kind of rehab)- a calamity such as multiple properties damaged in a storm where she will have to deal with insurers and contractors- something else out of the ordinaryAgain - if all you have is 9 single-family properties with stable tenants and typical occasional maintenance - you don't have enough work to collect 750 hours.
Michael Darten
Property management managing multiple properties
4 January 2025 | 18 replies
@Michael Darten Most property management agreements have the monthly PM fees based upon a percentage of rents collected.
Brett Riemensnider
First Time Landlord - Tenant Placement In Minneapolis Area
13 January 2025 | 6 replies
For example, if you don't specify if a certain item is reoccurring or 1 time, you can't collect it.
Joshua Kaufman
Commercial Late Fee calculations
5 January 2025 | 3 replies
Quote from @Joshua Kaufman: I'm having an issue with rent collection from a commercial tenant.
Elizabeth King
Does my property have to be in LLC to benefit from real estate tax advantages?
2 January 2025 | 10 replies
I created an LLC to collect rent and manage any expenses related to the property.
Jared Galde
Hey! I'm Jared. My life is about Sober Living Home Investing
9 January 2025 | 10 replies
Advantages are we don’t have to furnish anything in the house and we collect the same amount of rent each month no matter how many members are in a house.
Linda M.
Security deposit increase for NYC lease renewal
17 January 2025 | 3 replies
Here's the deal: You don't need to withdraw and return the current security deposit just to collect the additional $100.
Matt Royle
STR on a L1B Visa
7 January 2025 | 3 replies
Based on a quick answer from Perplexity it seems like there would be no issue with you buying the home and collecting passive income, but you may not be allowed to manage it yourself since that is considered active work.