Will Gaston
Nearing 1,000 College Student Tenants: Here's what I've Learned
21 November 2024 | 305 replies
Treat your tenants with respect, OVER-communicate, document everything to the best of your ability and you will be fine.
Sandee Sampson
Need advice on what kind of attorney to consult...please
12 November 2024 | 2 replies
Documenting erosion severity, prior concerns, and the contractor's assessment could help support a claim. 2.
Matt R.
Bitcoin is 10k again what are you going to do now?
5 December 2024 | 554 replies
First she documented the alt-right.
Jerry Zhang
How to get seller onboard with Owner Financing
13 November 2024 | 8 replies
I'm just going to tell him to rent for the first 2 years.He doesn't have any documents, so we are the only ones that can close with them.
Glen Michael
Owner onboarding requirement to provide financial documentation
3 November 2024 | 8 replies
Just seeing who requires new owners/landlords to provide their financial documentation upon signing a management agreement?
Vito DiIenna
Confirming Legal Status of a Multifamily Home in NYC
13 November 2024 | 7 replies
@Vito DiIenna I'm now in a similar situation as you are, how did you go about obtaining the necessary documentation ?
Katie Nolan
Landlord Oregon Laws
11 November 2024 | 12 replies
Property Condition Report: Document the property's condition with the tenant to manage future damage claims.4.
John McCarthy
How to deal with a very difficult tenant
9 November 2024 | 7 replies
Document, document, document, all of the attempts to set appointments for the repair.
Melanie Baldridge
RE Pro status to make the best case with your CPA and the IRS
12 November 2024 | 1 reply
If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.
Mad Dendukuri
When is relocation to tenants required for doing repairs
13 November 2024 | 8 replies
AND THE MOST IMPORTANT PART, document all communication and decisions about the repair requests.