16 October 2017 | 2 replies
It's better to negotiate a move-out plan which results in a better outcome for both parties.As I understand it, in New Jersey (or perhaps in just some jurisdictions) you can't serve a notice to terminate for no cause, so documentation of "cause" is critical, as well as the history of your communications with the tenant and the serving of proper legal notices.Since the yard is in such disarray, it would behoove you to do an inspection of the interior of the dwelling as well.

7 February 2020 | 4 replies
@Dan O'MearaIt's important that you work with a tax advisor who understands what you're doing and can advise you.STRs have unique treatment under the passive activity loss rules and General Depreciation System.An RV is considered a "dwelling unit" under 280A case law.

1 December 2023 | 81 replies
It is quite common if not STANDARD for most PM companies to be named as an ‘Additional Insured’ (Not ‘additional interest’ - which is just notice) in the homeowners rental dwelling policy and I would take it that if a PM is requiring this... they have been around the block a bit and know what they are doing.

8 September 2023 | 20 replies
Chattanoga City Code, Part II, Ch 38, Zoning, Division 27, Sec. 38-423Denver, CO: "Short-term rental means any dwelling unit offered, provided, or operated as lodging accommodations to guests in exchange for remuneration for a period of less than thirty (30) consecutive days..."

28 October 2021 | 18 replies
WY has recently adopted series LLC statutes and it is a great asset protection jurisdiction to establish one.Mike, I know folks who use LLC's dwell on it's protection.

24 November 2023 | 7 replies
The wages for the project that investors/builders are trying to claim credits on, in some cases, must be at or above the local rates determined by the Secretary of Labor.The Act mandates a lower-based line credit of $500 per unit for multifamily units;OR a bonus credit increase to $2,500 per unit for multifamily units if the prevailing wage requirements are met.We are in hopes that this will help with the housing shortage and to construct more energy efficient dwellings.179D Energy-Efficient Commercial Building Deduction Changes There are no changes to the rules for 2022.The deduction increase begins January 1, 2023.The permanent 179D deduction is increasing from $1.88 to $5/sq foot which is applicable to commercial and multi-family property owners with builders four stories or higher.Energy reduction (ER) will be changed from 50% to 25% compared to the most recent ASHRAE Standard 90.1 determination no later than four years prior to the placed-in-service date.Building owners that are tax-exempt can now pass the deduction to engineers, architects, and designers of the energy-efficient buildings.

8 February 2016 | 34 replies
Instead of saying why things won't work for you, try to brainstorm ways you could make them work, even if it's just an intellectual exercise.If renting rooms isn't a good fit since you're a family man, how about buying a single family home with an accessory dwelling?

9 October 2017 | 24 replies
I've also had to remediate 7 dwellings from cigarette smoke over the years.

15 October 2017 | 1 reply
I can do a HELOC for 4.25% and interest only payments through my local credit union (though I won't qualify for the full purchase price there)...Thanks for any help.I've not been in your position of buying land via seller financing for an owner occupied dwelling.

20 November 2015 | 22 replies
I am not expecting to have a golf club appearance, but I DON'T like trashy.. and most MHP that's what I see, and it seems like that's a lot of what ends up occupying the dwellings.