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25 April 2019 | 17 replies
(Effective September 30, 2018.)(1) A landlord may not, based on the source of income of an otherwise eligible prospective tenant or current tenant:(a) Refuse to lease or rent any real property to a prospective tenant or current tenant, unless the: (i) Prospective tenant's or current tenant's source of income is conditioned on the real property passing inspection; (ii) written estimate of the cost of improvements necessary to pass inspection is more than one thousand five hundred dollars; and (iii) landlord has not received moneys from the landlord mitigation program account to make the improvements;(b) Expel a prospective tenant or current tenant from any real property;(c) Make any distinction, discrimination, or restriction against a prospective tenant or current tenant in the price, terms, conditions, fees, or privileges relating to the rental, lease, or occupancy of real property or in the furnishing of any facilities or services in connection with the rental, lease, or occupancy of real property;(d) Attempt to discourage the rental or lease of any real property to a prospective tenant or current tenant;(e) Assist, induce, incite, or coerce another person to commit an act or engage in a practice that violates this section;(f) Coerce, intimidate, threaten, or interfere with any person in the exercise or enjoyment of, or on account of the person having exercised or enjoyed or having aided or encouraged any other person in the exercise or enjoyment of, any right granted or protected under this section;(g) Represent to a person that a dwelling unit is not available for inspection or rental when the dwelling unit in fact is available for inspection or rental; or(h) Otherwise make unavailable or deny a dwelling unit to a prospective tenant or current tenant that, but for his or her source of income, would be eligible to rent real property.(2) A landlord may not publish, circulate, issue, or display, or cause to be published, circulated, issued, or displayed, any communication, notice, advertisement, or sign of any kind relating to the rental or lease of real property that indicates a preference, limitation, or requirement based on any source of income.(3) If a landlord requires that a prospective tenant or current tenant have a certain threshold level of income, any source of income in the form of a rent voucher or subsidy must be subtracted from the total of the monthly rent prior to calculating if the income criteria have been met.(4) A person in violation of this section shall be held liable in a civil action up to four and one-half times the monthly rent of the real property at issue, as well as court costs and reasonable attorneys' fees.(5) As used in this section, "source of income" includes benefits or subsidy programs including housing assistance, public assistance, emergency rental assistance, veterans benefits, social security, supplemental security income or other retirement programs, and other programs administered by any federal, state, local, or nonprofit entity.
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5 May 2019 | 2 replies
OMG another agent that does not know how to do adjustments to a CMA.Sorry Chris this is a pet peeve of mine and no reflection on youGo to your Broker or call an Appraiser and ask how much they would adjust for a bedroom,bathroom,1/2 bath fireplace, unfinished basement etc.KEEP THIS LIST IN YOUR WALLET, it is probably the most valuable document you will EVER have in your real estate career.Take an appraiser out to lunch once a year to keep it up to date
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26 April 2019 | 1 reply
I don't think there is any problem with retaining a life estate, but I would have a tax practitioner that specializes in Estate & Gift issues assist in making the relevant calculations and drafting the supporting documentation.
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21 May 2019 | 29 replies
So I'm trying to get to the owner before they've exhausted all their options of unsuccessfully selling on their own and start seeking agent assistance.
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26 April 2019 | 0 replies
Please refer to other post, unfortunately can not edit previous post to reflect both properties
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26 April 2019 | 1 reply
Please refer to other post, unfortunately can not edit previous post to reflect both properties
27 April 2019 | 2 replies
My suggestion is you buy a house you want and if needed use a down-payment (dp) assistance program.
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27 April 2019 | 7 replies
And you'll need the QI to be in place prior to close because there are specific documents and addendums needed to the closing statement to reflect the 1031.Regarding the gain/depreciation calcs those will be easily summarized by your accountant on the form 8824 that they'll attach to your 2019 tax return.
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27 April 2019 | 2 replies
I have identified a handful of properties which work very well for the single family assisted-living/memory care model.
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30 April 2019 | 18 replies
I would recommend you look into owning at least the real estate portion of a single family memory care or assisted living home.