
22 May 2024 | 2 replies
From a servicing and reporting perspective - if the lender does not report to credit and they REQUIRE an LLC to fund, then the parent servicing entity most likely will keep your business/investment loans separate from personal credit.

22 May 2024 | 14 replies
It would be a good idea to familiarize yourself with your local landlord tenant laws, ESA certification requirements in your state.

22 May 2024 | 6 replies
Your profile mentions that you are a real estate agent - You want to have a conversation to see if you potentially are eligible to claim real estate professional status which would allow you to treat your rental losses as active instead of passive.Also have a conversation if you are required to make estimated tax payments since there is no withholding on your commissions.Lastly, your profile mentions you are in Florida which does not have a state income tax which opens you up to more options for choosing an accountant.

21 May 2024 | 10 replies
The water heater, appliances, hvac systems have all been ripped out.

22 May 2024 | 8 replies
We had a tree on another property blow down in a storm on our property… it would have been deemed not their fault and we would have to turn to our own insurance if a claim was required).That’s how I understand Florida does it.

21 May 2024 | 4 replies
This is not only to make sure that people are taking care of the property, but this is also to make sure that tenants aren't overlooking issues that could be addressed now that cost way more later.These can be minor roof leaks, gutter leaks, mostly to do with water penetration.

22 May 2024 | 10 replies
raising the rate like this on an owner occupied could get you in some hot water.

22 May 2024 | 3 replies
And the IRS requires that all of the proceeds from the sale be used in the purchase of their new property.

22 May 2024 | 11 replies
(there are ways, but they're time intensive and/or require a different skill set.

21 May 2024 | 1 reply
Good Evening,I have a question, so I bought a rental property with tenants in place, The previous landlord didn't require them to have a security deposit, How would I go by with telling them that I required a security deposit, also they pay at the end of the month for the month they been on, I would like to have them pay rent the month before. so for example have them pay the rent this month for the upcoming month and so on, how would I go about doing that.