Mitigating damage from a sewer backup2.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

It's not just about all the profits (current and future) your leaving on the table but it's also about risk mitigation via appropriately structured portfolio. 10 properties netting $100mnth is 10X "safer" than 1 property netting $1k, the numbers may seem the same but it's about diversification and the law of averages.

There is very likely no sound insulation between the second floor and first floor unit, and the carpet is there to mitigate the problem.

There are many tax planning strategies available to RE Investors allowing you to mitigate your tax liability until a future period or potentially forever depending on the strategy.

If the Board fails to properly plan for expenses, it is not up to the Management Company to arrange or pay for unfunded repairs, although they do generally have authority to spend in the name of preserving further property damage or mitigating hazardous conditions that are sudden and unexpected.

You should generally pay federal and state estimated income taxes quarterly to mitigate penalties and interest.Income taxes and SE taxes are lumped together regarding estimated payments (i.e. you should pay both via the federal estimate) assuming you're running the trade or business through a non-corporate tax entity (i.e. not an S Corp or C Corp).

The primary motivation for the S-Corp is to mitigate the impact of self-employment taxes, namely the Social Security component which is capped annually ($160,200 this year).

It'll help mitigate paralysis-by-analysis and keep you focused to help make better decisions.Best of luck!

How do you mitigate it?