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3 February 2025 | 7 replies
This week, the City of Jacksonville Municipal Court ruled in favor of PadSplit, voiding citations for "illegal boarding houses" on constitutional and fair housing grounds.This marks a huge victory in expanding affordable housing solutions while navigating legal challenges.
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18 February 2025 | 1 reply
As real estate professionals, we know that international transactions come with unique challenges-different laws, cultural expectations, financing hurdles, and currency exchange factors.
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24 January 2025 | 9 replies
It is illegal (see below article).Â
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21 February 2025 | 4 replies
I'm finding when IÂ look at a given property, IÂ get inaccurate comps in two ways:Â 1st, a property will show up in the list as a comp to my subject property but have a REALLY low sale value;Â upon investigation I find that the property acutally hasn't sold in 10+ years but PropStream thought it was comp; 2nd, a property will show up as "Sold" in the MLS status, but all ownership and transaction history tab don't reflect the new data.
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25 February 2025 | 5 replies
Irrevocable trusts may trigger reassessment unless structured carefully.Gradual Transfers – Transferring less than 50% at a time could potentially avoid reassessment, but IRS step transaction rules could still trigger a tax event.Joint Ownership – Your aunt adds your mother as a co-owner, then your mother adds you later.
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23 February 2025 | 15 replies
We currently use a mix of apartments.com/Rentmanager to record transactions.
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18 February 2025 | 7 replies
Side note, it is considered in some states illegal to reverse late charges because it can be viewed as discriminatory for reversing one tenants late fees and not another's. 2.
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22 February 2025 | 7 replies
Bank Recommendations:Chase and Bank of America are popular because of their extensive business banking features and integrations with bookkeeping tools.Smaller community banks or credit unions can offer more personalized service and lower fees, but make sure they support series LLCs.Online banks like Novo or Mercury are great for tech-savvy users who want low fees and easy online management.What to Watch Out For:Hidden fees for transactions or deposits.Limitations on the number of accounts or ACH payments.Difficulty in maintaining clear separation between the series, which could risk the limited liability protection of your LLC.Since you’re using a Series LLC structure, it’s crucial to keep each property’s finances completely separate to maintain liability protection.
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20 February 2025 | 32 replies
Were the transfers from the tenant credit card or ACH transactions.Â
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15 February 2025 | 11 replies
No monthly fees, just a flat rate per year, per transaction.