Lucky I did as the poor person who responded confirmed that her identity was stolen.I have another rental and a prospective tenant and want to see if there is a way I can verify her identity.  

I was wondering if yellow letters/postcards is still a viable strategy for deal prospecting in 2024.

Here are some additional activities that count, toward real estate professional and material participation hours.Research market for real estate transaction opportunities; current office market rates; terms of financingMaking offer contracts for properties that you end up buyingNegotiation for acquisition of rental properties that you end up purchasing; including directing due diligence and managing financial projections/business plansObtaining financing for properties that you purchaseProperty inspectionsAdvertisingMeeting with Prospective Tenants/showing properties to prospective tenantsNegotiate, obtain, & review proposals and contracts with vendors (insurance, utilities, etc) for property servicesReview and Negotiate The Terms of Sale AgreementsStaging and Decorating3rd party contractor, vendor, or service provider supervision

It's more likely to happen when you're just retitling (i.e. in the event of death, divorce, etc.) or if you were bringing a prospective buyer for your share.

Hello BiggerPockets Community,I'm a new out-of-state Real Estate Investor based in California (I work as a SWE at Google as my W2) and I'm working on brokering a potential deal between friends and a prospective landlord.

Converting your single-family home into a rental property involves several considerations to protect yourself and ensure smooth operations: Establish an LLC:Liability Protection: Holding the rental property in an LLC can protect your personal assets from potential lawsuits related to the property.Tax Benefits: An LLC can offer tax advantages, such as pass-through taxation, where rental income is taxed at your individual income tax rate.Insurance:Landlord Insurance: Ensures coverage for property damage, liability claims, and loss of rental income.Umbrella Policy: Provides additional liability coverage beyond your landlord insurance, offering extra protection.Deductions:Mortgage Interest and Property Taxes: Continue to deduct these expenses.Depreciation: Depreciate the cost of the property over 27.5 years, excluding the land value.Maintenance and Repairs: Deduct costs related to maintaining the property.Property Management Fees: Deduct fees paid to the property manager.Filing Taxes:Schedule E: Report rental income and expenses on Schedule E of your tax return.Separate Accounts: Maintain separate bank accounts for rental income and expenses to simplify bookkeeping.Lease Agreement:Solid Lease Terms: Ensure your lease agreement is thorough, covering rent amount, due date, late fees, maintenance responsibilities, and eviction terms.Legal Review: Have the lease agreement reviewed by a real estate attorney to ensure compliance with local laws.Tenant Screening:Background Checks: Perform credit, criminal, and eviction history checks on prospective tenants.References: Contact previous landlords and employers for references.Property Management:Regular Inspections: Schedule regular property inspections to ensure it's being maintained properly.Maintenance Fund: Set aside a reserve fund for unexpected repairs and maintenance.Moving Out of State:Communication: Maintain open communication with your property manager.

that's why I am doing this forum to keep me accounted for my actions)So... for this week, I think I will put more effort into finishing the two books, "asking questions the Sandler way, and "Prospect the Sandler way", finish all the onboard materials for Exp, attend the team meeting, set up social medias, watch the videos I marked up on the "subto" training vault

I'm thinking I maybe just flip it...but will that deter buyers?

Question for Real Estate Agents:  At what point/after how much interaction with a prospective client, do you assume you have an unspoken agreement to work together? 

It will not protect you or deter your property from getting sued.