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12 November 2024 | 2 replies
Documenting erosion severity, prior concerns, and the contractor's assessment could help support a claim. 2.
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19 November 2024 | 111 replies
By then they are documenting what happened to someone versus what IS happening and how to help and stop it in the moment.
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20 November 2024 | 37 replies
My experience is that I don't think it's worth the headaches (documented in my many previous posts) for much slower appreciation than the western states.
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11 November 2024 | 12 replies
Property Condition Report: Document the property's condition with the tenant to manage future damage claims.4.
13 November 2024 | 8 replies
AND THE MOST IMPORTANT PART, document all communication and decisions about the repair requests.
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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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9 November 2024 | 7 replies
Document, document, document, all of the attempts to set appointments for the repair.
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11 November 2024 | 9 replies
They will know setback rules, road widths required, easement documentation for road and utilities, postal box and bus stop.
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11 November 2024 | 5 replies
I own and operate around 300 doors. https://docs.google.com/document/d/13SEAyhH7We1kjI8DlDVfxERP...
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11 November 2024 | 14 replies
Just like you, she can do RE as a side gig and learn a lot more while she keeps her own nest egg going and her lendability strong with a regular job.You should loop her into a major document with all of the properties and all of the profit and loss and go through them one by one and talk about whether to sell or keep, and also base it on geography for her and your collective choice of management.