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14 August 2019 | 6 replies
Let’s start with what I consider to be a “good” tenant.Good TenantsThe only way to make money is to keep the property occupied by tenants who:Have stable employment in a market segment that is very likely to be stable or improve over time.Pay all the rent on scheduleTake care of the propertyDo not cause problems with neighborsDo not engage in illegal activities while on the propertyStay for many yearsWhile the above may seem obvious it is not easy to achieve with any consistency because it depends on:Selecting properties that target a tenant pool with a high percentage of “good” tenants.Working with a skilled property manager who can select a good tenant from all the applicants.Good tenants are not the norm and property managers who can consistently select good tenants are not common.Selecting Your Tenant PoolThe first item under the good tenant description is that they have to be employed and stay employed.
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16 April 2023 | 4 replies
This is not a perfect method, but I've found some great contractors via Nextdoor and local FB groups... in fact, I found my "go-to" contractor through the latter after posting a job description with photo.
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21 December 2018 | 28 replies
Also, the description of this instance lacks sufficient facts to establish "negligence" on the part of the owner, or even culpability on the part of the renter (the daughter).
22 May 2021 | 3 replies
Also, on Schedule B form 8995-A the IRS asks to "Provide a description of the aggregated trade or business and an explanation of the factors met that allow the aggregation in accordance with Regulations section 1.199A-4."
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25 June 2015 | 6 replies
The advantage of a HUD, has the highest LTV in the market, the rate is in the mid to high 3's, , the rate and term is fixed for 35 years, it is non recourse, assumable, no defined financial capacity requirements, no geographic restriction, and no minimum population requirements.
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17 April 2023 | 5 replies
From your description, it seems that the area might not be ideal for Airbnb or MTR, considering it's a lower-end neighborhood.
13 January 2020 | 8 replies
For other rental real estate enterprises, 250 or more hours of rental services are performed in at least three of the past five years.The taxpayer maintains contemporaneous records, including time reports, logs, or similar documents, regarding the following: hours of all services performed; description of all services performed; dates on which such services were performed; and who performed the services.The taxpayer or RPE attaches a statement to the return filed for the tax year(s) the safe harbor is relied upon.I keep being told to talk to a professional yet no one seems to be able to answer my questions.
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12 June 2020 | 1 reply
In the description it said that if I missed it I could still watch a recording later on.
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4 December 2019 | 1 reply
Hey Riley,Our rental listings simply include apartment info (address, photos, property description), etc.
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10 January 2023 | 2 replies
Many CPAs are set up to help you virtually, so be sure to focus on knowledge base rather than geographic location in order to find the one that is right for you.Best of luck!