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5 July 2024 | 5 replies
Same thing for closet requirements, window access, and emergency egress availability.
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4 July 2024 | 7 replies
This general log gives an overview of your activities, but it might not be detailed enough for IRS purposes.Example 2: Detailed LogMonday, 7/1/247 AM - 7:30 AM: Monitored security cameras1:30 PM - 2:15 PM: Responded to tenant question regarding parking3:00 PM - 3:30 PM: Monitored security cameras4 PM - 4:15 PM: Checked mail and delivered to tenants, as necessary7 PM - 7:30 PM: Monitored security cameras10:30 PM - 11 PM: Monitored security cameras7 AM - 11 PM: Remained on standby all day for tenant needs/emergenciesThis detailed log breaks down your activities into specific time slots, which can provide a more precise account of how your time was spent.Best Practices for Record-KeepingBe Specific: Break down your activities into smaller time intervals, as shown in the detailed log example.Use a Logbook or App: Consider using a time-tracking app or a dedicated logbook to keep daily records.Document Standby Time: Clearly note the hours you are on standby for emergencies, but also separate it from active tasks.Include All Activities: Document everything from advertising to maintenance and tenant interactions.Consulting with a Tax ProfessionalGiven the complexity of qualifying for REPS, it's always a good idea to consult with a tax professional.
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3 July 2024 | 40 replies
LICENSE AND FEES $8000, CUSTOMIZATION OF THE HOME $5,0000, CONTRACTORS (I HAVE NOT IDEA JUST FROM WHAT I HAVE BEEN TOLD $5-$10,000 BECAUSE THERE ARE NO HEAVY LIFTING, CRANES OR HEAVY TOOLS), AND LETS DO $10,000 FOR EMERGENCIES.
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4 July 2024 | 14 replies
. - Management: it may be hard to manage the home if you are not living in the area, to deal with emergency maintenance or make sure the home is getting taken care of.
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2 July 2024 | 8 replies
For named hurricanes, cyclones and tropical storms and National states of emergency due to weather, and directed at NE Florida, we will consider on a case by case basis for cancellations within the 5 day window. if anyone has suggestions on a better way to handle I am all ears.
3 July 2024 | 13 replies
Couple reasons for this.1. sucks to lose money every month when you just put down 20%, which can be a lot of money2. what if there is some kind of emergency i.e. large maintenance, non paying tenant, etc, then you are really in a bind and obviously that comes out of your personal funds3.
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1 July 2024 | 14 replies
Schlage is usually doing maintenance on the servers which can cause the locks to become disconnected.Another thing you could do is put in 5 or so emergency codes for guests just in case.
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3 July 2024 | 10 replies
Really, I don't need it immediately but want it for a nest egg/emergencies/vacancies.
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2 July 2024 | 12 replies
I'm also open to investing in emerging areas and putting in the effort to develop the property.Thank you in advance for your time and energy.
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30 June 2024 | 5 replies
. § 227 SEC. 227. [47 U.S.C. 227] RESTRICTIONS ON THE USE OF TELEPHONE EQUIPMENT(A) to make any call (other than a call made for emergency purposes or made with the prior express consent of the called party) using any automatic telephone dialing system or an artificial or prerecorded voice—