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3 January 2025 | 4 replies
.- Tenant Accountability: Many programs have strict guidelines for tenants, and breaking those rules (e.g., property damage) could jeopardize their assistance, encouraging them to be responsible.- Inspections: Some programs require annual property inspections to ensure compliance with their standards, which can occasionally be demanding.- Damage Risk: As with any tenant, there’s potential for property damage.
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2 January 2025 | 1 reply
Day traders are not exempt unless they elect mark-to-market (MTM) accounting, which eliminates wash sale tracking but taxes gains as ordinary income.To manage taxes, track trades closely, avoid overlapping purchases, or consider MTM election if trading actively.
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23 January 2025 | 45 replies
Definitely consult with your accountant on that.
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19 January 2025 | 18 replies
I took into account a likely cheaper labor rate but will say when we owned units in gulf shores that i was not encountering that low of a labor rate.
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6 January 2025 | 7 replies
That's because the city won't calculate the actual amount till a structure is built, aka it's not just a plot of land anymore.This will obvious cause your property tax bill to go up and also your mortgage escrow account as well (sometimes these things can make your mortgage shoot up a few hundred a month).
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1 January 2025 | 12 replies
They should be able to hold them accountable for how they handle their escrow accounts.
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15 January 2025 | 11 replies
Our account manager, Maria Barnes, responded quickly to our questions.
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11 January 2025 | 11 replies
But now things are working more smoothly and after finalizing the accounting for last year, I have a better idea as to what kind of profit to expect.
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3 January 2025 | 5 replies
But ask your CPA/accountant because I don’t know.
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30 December 2024 | 6 replies
Like Jake Baker suggested, keep good records and have a dedicated bank account for your property, properly separating personal and business expenses.