
18 April 2024 | 2 replies
We also require initial payments to be made in good funds for rent and security deposit, which helps to solve a lot of the asset verification.

18 April 2024 | 1 reply
The key highlights of this slate of bills includesAdditional Excise Tax on STRCreation of a statewide STR registryStandardize safety requirements across the stateProtect the ability for local government to zone STR in accordance with their needsThis isn't the first attempt at statewide regulation, and its clear the bills as written would be operationally burdensome to put into place for the state (aka, expensive) and the problems they are trying to solve are not, in all, a result of STR in our communities but of bad tax laws already in existence.

18 April 2024 | 7 replies
I'm not sure what laws you think are unclear, but the loan requires occupancy within 60 days.

18 April 2024 | 2 replies
I setup an LLC for my purposes of renting my first home and I am wondering if I need to transfer my mortgage / title of my first home into my LLCs name instead of my wife and my personal names. (1) Is it required for me to transfer the ownership of my first home to my new LLC?

18 April 2024 | 1 reply
You will be required to pay about $400 per month HOA, this gives you and your guests (who are staying with you) access to the 4 pools.

17 April 2024 | 3 replies
Here is a link to the Comptroller's guide to the non-resident withholding, which may have answers to your questions: https://www.marylandtaxes.gov/forms/current_forms/withholdin...If link doesn't work the document is called "MARYLAND'S WITHHOLDING REQUIREMENTS for Sales or Transfers of Real Property and Associated Personal Property by Nonresidents" which you should be able to Google.Good luck.

18 April 2024 | 13 replies
I understand the title insurance fee itself may be set by the state.It means that I am familiar with the nuances and requirements of investor-type deals that are not present in "traditional" retail deals.

17 April 2024 | 6 replies
However, the method of handling the 1099 income on the tax return may vary depending on the circumstances and interpretation of tax laws.The approach your CPA has taken, where each property is reported separately on Schedule E and then adjusted on a statement for property 3 to match the total 1099 income, could be viewed as a cautious approach to ensure compliance with IRS reporting requirements.

18 April 2024 | 27 replies
Same staets, like mine, have an Energy Code where you are required to get a certain amount points of point for new builds.

18 April 2024 | 2 replies
However, it's important to note that forming an LLC doesn't guarantee full protection, and it's crucial to comply with legal requirements and manage the entity properly.