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9 January 2021 | 1 reply
If the property is platted, you may not be able to re-survey due to restrictions on minimum lot sizes, setbacks, etc.
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12 January 2021 | 7 replies
However, when restrictions from travel and home sales was lifted the pent up demand created a high volume of rentals.
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15 January 2021 | 15 replies
If the tenant is on a month-to-month, you can give them a 30-day notice of termination - for any reason - and part ways.Of course, check your local laws because your state, county, or city may have more restrictive rules.
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11 January 2021 | 3 replies
So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.
8 January 2021 | 2 replies
@David Hernandez we don't have any cash out restrictions or overlays, but unfortunately I'm not licensed un Utah or I'd be able to help you.
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5 October 2021 | 32 replies
For me, adding more restrictions than that will cause me a bigger loss by limiting the potential number of guests that can book.
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12 January 2021 | 8 replies
I would suggest googling Block Real Estate Market Report - they put out a decent report on all ways to invest in KC and a snap shot of the economy at large that while targeted to commercial investing, helps the single family investor.You can also go to KCRAR.org the local realtor board to get market data.Houses and small multi family is hard to come by, a good deal has 10 offers and sells in 24 hours.Contractors are also hard to come by, the good ones are 3 to 4 months out unless you know a guy.And personally, I would avoid Kansas City Missouri because the KC Tenants (that's an organization) are waging war on the Housing provider, chaining themslves to courthouse doors or photo ops, and getting restrictive laws passed.
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9 January 2021 | 1 reply
@Chris KlingemannIf it was your primary residence for 2+ years and then an STR for no more than 3 years - then yes, you should qualify for an exclusion, subject to some other restrictions, such as no other residence sold within 2 years, and depreciation recapture tax still applies.If you never lived there yourself, then full capital gain tax due, unless you apply another tax strategy like a 1031 exchange.
12 January 2021 | 18 replies
For example, one of my tenants had a letter from her employer that clearly stated her position was being terminated due to COVID restrictions.
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8 February 2021 | 25 replies
Banks have too many requirements and restrictions so less is more sometimes :)