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18 July 2022 | 10 replies
Technically, you have every right to mark up your rent to full market value, but I can definitely see Section 8 making that difficult for you.
24 July 2022 | 6 replies
It's technically possible, but think of it from the other side.
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25 July 2022 | 0 replies
If you have claimed this deduction or plan to in the future, ensure that your CPA or tax specialist is keeping up-to-date on the latest filings to ensure your documentation is correct.The new guidelines established that an allocation letter should include all of the following:The address of the government-owned buildingThe date the systems were placed in serviceThe signatures of the authorized representativesThe dollar amount of the deduction allocated to the designerThe allocation letter must be in writingThe costs of the energy efficiency systemsA penalty of perjury statement signed by the authorized representative of the government Must contain contact information for the authorized representative of both the owner of the government buildings and the designerDuring the audit, you can expect the IRS to confirm the energy modeling was conducted as well as ensuring that a third party professional completely unrelated to the project was the issuer of the certification.The 179D tax deduction should be claimed by the individual “primarily responsible for designing the energy efficient systems, and the person who creates the technical specifications for installation” for government buildings and designer allocations.When analyzing a 179D claim, the auditor will use “the most recent Standard 90.1 published by [ASHRAE] which has been affirmed… not later than the date that is 2 years before the date that construction of such property begins..
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25 July 2022 | 0 replies
It is already technically cash flowing a bit with 2 units left to go, but I put it right back into the property as needed.
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27 July 2022 | 2 replies
I do realize that even if I were to have a real estate agent help me, their work would still technically have to fall under the supervision of a broker.
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27 July 2022 | 4 replies
Before we get into the technical stuff on how to maximize your VA loan, make sure you and your family are all on board prior to starting this journey.
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31 July 2022 | 11 replies
If it’s not specified in the current lease then they could technically be breaking the lease.
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28 July 2022 | 9 replies
If something happens on the river that is technically off your property.I would provide safety equipment like life jackets if the water is more than knee deep.Put in your rental agreement that parents are responsible for watching children at all times.
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28 July 2022 | 24 replies
From a liability perspective, if someone got hurt on the slightly steeper stairs which are not technically up to code, would that be any different than if someone got hurt falling on a staircase that is fully up to code?
28 July 2022 | 10 replies
My props are in NY, and according to NYS rules, you cannot deny housing for people currently in treatment or who are "recovering addicts"- it's technically a protected class in my state.If you do not want to renew leases you may want to see if there is anything else you can get them on, but you do need to tread somewhat lightly with drugs.