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3 October 2024 | 1 reply
For criminal background checks, services like TransUnion SmartMove, RentPrep, or MyRental are commonly used and provide comprehensive reports that include criminal history, credit checks, and eviction history.To verify how much they make, you can request recent pay stubs, bank statements, or tax returns if the tenant is self-employed.
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3 October 2024 | 8 replies
But the insane tax increases in Jackson County, Missouri (Kansas City) were deemed illegal:"Missouri’s State Tax Commission ordered Jackson County to roll back its 2023 property tax assessments, which raised homeowners property assessments by an average of 30% and more than 100% in some cases.
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4 October 2024 | 27 replies
Once we got the home reclassified at the 4% rate, the taxes dropped to under $600 with the same assessed value of the home.In my experience, rental property tends to be taxed at an actual rate of 6% while owner-occupied property has an actual rate between 0.5 and 0.7%.
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6 October 2024 | 1 reply
This helps in making better investment decisions and assessing project feasibility.
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4 October 2024 | 0 replies
The reality is, rising property taxes, maintenance costs, increase insurance premiums (I'm a broker so don't get me started here), an HOA assessment or annual increase, etc, etc, etc.
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4 October 2024 | 14 replies
We use Right Capital for our firm and it is very comprehensive.
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2 October 2024 | 2 replies
I'm currently considering whether to 1031 a couple of rental SFH's I have in the DFW area over to Vegas.Having lived in an owner-occupied house here for 3 years now and looking at my Clark County bill:- The assessed value is only 25% of the current "quick and dirty" market value (Redfin, Z)- There's a line item where property tax rate appears to be 3% of the assessed value- ... however, another line item subtracts a lot from this because of the lag from owner-occupied increase cap percentage of 3% annually (if I'm understanding correctlyAlso, despite changing hands 3 years ago, it's interesting that the assessed value didn't get re-assessed to the purchase price back then.
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2 October 2024 | 0 replies
We keep everyone in the loop all throughout the process.To stay on track, we maintain a comprehensive checklist that covers all the tasks involved in closing a deal.
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14 October 2024 | 420 replies
Comprehensive Education: The SubTo Community is like a real estate university.
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6 October 2024 | 26 replies
I don’t have any XP with the Berkshires, but I would agree with your assessment of there potentially being more to do in the summer.