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12 July 2024 | 1 reply
If an insurance company finds out that a claim is linked to an unpermitted conversion, they can deny the whole thing.
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12 July 2024 | 10 replies
@Brian LesebergYou'll get a lot of different answers from different people.
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12 July 2024 | 4 replies
Looked at it and noticed right away, she had changed the number of occupants from 1 to 2 in two different places.
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12 July 2024 | 8 replies
Retirement distributions are considered taxable income(Federal and state).You mentioned self-managing the rental properties so it may be that the income will offset against the rental loss.However, you will still be subject to the 10% penalty.Have a conversation with your CPA and ask them to draw you up a draft of several different situations and see if that is something you want to move forward with.
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13 July 2024 | 10 replies
A damages breakdown is something you see from time to time in bigger property management companies but not across the board.
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13 July 2024 | 9 replies
Tenant has caused physical damage to the property (the interior is overall trashed, the latest damage is to the exterior siding around the main entrance as if from someone wanted to break in)Thank you everyone in advance for your input on this.QUESTIONS:1) Notice to Quit - The new lease signed with our tenant included the following clause: "If tenant breaches this lease for any reason, tenant understands and agrees that tenant has waived or given up tenant's right to a notice to move out unless a different period for providing notice is required by local ordinance or is stated here:..."
12 July 2024 | 5 replies
STR is a different animal.
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12 July 2024 | 1 reply
Lastly, try to think of different ways you can add value to that person.