All could have been prevented with an incentive based compensation model with a renewal commission. 

I need to better implement some sort of compensation for future bookings.

Should we keep the rent separate or include a discount in rent as part of compensation?

Good Morning, I have heard of people using their deferred comp. retirement accounts as temporary loans to fund rehabs, buy properties, etc. The terms are listed below: -9.5% Annual Interest; but you pay yourself the i...

For us, our tenant got a $250k compensation check for a distressing family matter and simply wanted somewhere to relocate to as he worked on those issues.

The in-laws want simplicity since they have no interest in managing the unit.From what I understand, it seems logical for them to handle the required taxes (TAT & GET) and compensate me via a 1099 form.

**A tip when interviewing a potential buyer's agent, ask the agent about the conditions for commission compensation when the seller is not offering full commission percentage to the buyer's agent.

Do you just get your normal return, get your return back plus a percentage of the overall profit from the sale or some other compensation? 

I want to make sure they are compensated for their time since they will be a major value add. 

For other folks, here are some other entities that would, if you sold the property to, have negative tax consequences: YouYour spouseAny of your lineal ascendants or descendants (parents, children, grandchildren, and the spouses of children, grandchildren, — including legally adopted children)Any investment providers or fiduciaries of the IRAAny entity (like a corporation, LLC, or trust) where a disqualified person owns more than 50%Any entity (like previously listed) where the IRA account-holder is an officer, director, a 10% or more shareholder, or a highly compensated employee