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11 November 2024 | 12 replies
Quote from @Katie Nolan: Here's the Oregon Landlord - Tenant Law: https://www.oregonlegislature.gov/bills_laws/ors/ors090.htmlHere's a handbook that may be easier to understand: https://oregonlawhelp.org/resources/landlord-tenant-law-oreg...If you're going to be successful, particularly in a heavily regulated state, then I recommend you study the law regularly.
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12 November 2024 | 5 replies
If you have a real estate attorney you use regularly, they normally will do it for a low price as well.
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13 November 2024 | 13 replies
Be sure to let them know the advantages of working with you.Personal Property SignsGenerally considered one of the most straightforward strategies exercised by those trying to find cash buyers, personal property signs are exactly what they sound like: signs placed on a subject property with the intent to market it.
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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.
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2 November 2024 | 9 replies
I'm asking specifically because I am thinking about throwing a treadmill or elliptical machine in the living room if the person wants to exercise a little while they're there.The unit isn't huge (around 1k sq feet) and it will probably look tacky, but I was wondering if other people have found value in providing some simple exercise equipment, even if it seems out of place.
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11 November 2024 | 1 reply
I needed a consistent cash flow while still holding onto my regular full time job.
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12 November 2024 | 8 replies
My partner and I both have 9-5 jobs with mine requiring work travel, so it has been a challenge attending local meet-ups regularly; which is why I am so glad this platform exists to help us network!
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10 November 2024 | 1 reply
The goal here would to help educate and avoid potential pitfalls before wiring $50,000, $100,000 or even more.We would have educational modules, regular meetings and ZERO solicitation.
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12 November 2024 | 8 replies
I do inspections regularly and make suggestions, but nothing changes.
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10 November 2024 | 18 replies
Recommend maybe they get a mid day dog walker so the dog gets out and gets some exercise.