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29 October 2018 | 10 replies
If they want out of it, you should have a termination clause that allows them to leave but compensates you for the losses or potential losses.
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1 November 2018 | 9 replies
Stop issuing 1099-MISC with box 7 "non-employee compensation" instead of box 1 "rent"Stop including refundable deposits in rent incomeProvide annual reports clearly delineated by propertyLearn the difference between maintenance, repairs and improvements and report accordinglyReport insurance reimbursements separatelyProvide supporting documentation: itemized contractor's invoices, insurance adjusters' reports etc
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10 November 2018 | 3 replies
In partnerships where one party is finding the deal and the other party is doing everything else, the deal finding party is usually compensated with a sort of finder's fee.
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25 October 2018 | 3 replies
Things to consider there would be impact on working capital, uncertainty around 'unknowns' (more risk needs more reward to compensate), and your comfort level and liklihood of a kind of worst case.
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2 February 2019 | 18 replies
NAR/CAR ethics stipulate 'Seller is Agent' disclosure in writing on the MLS etc at time of listing because even if Seller is not the Listing Agent, licensed seller/owner may expect and/or receive compensation (ie, gift, referral fee, portion of listing agent's compensation, etc).Thus licensed seller is inherently not strictly limited to being a principal in the transaction, so would have had to disclose seller is licensed agent.
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4 November 2018 | 15 replies
I agree with your heart, but I think in this situation there should be some compensation for letting them out of the lease.
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5 November 2018 | 33 replies
@Lamont Marable we don't charge people for a scope because we want too, we charge so that we are compensated for our time.
2 November 2018 | 3 replies
They offer monetary compensation and mention a 1099 contract.
7 November 2018 | 6 replies
How/can I compensate the one doing 20-30 hours of labor.
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3 November 2018 | 7 replies
, and then decide whether or not the deferred maintenance can be addressed appropriately to compensate for the risk.