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16 April 2018 | 16 replies
I have a commercial property owned by one LLC & rented out space to my other 'management' LLC at a nominal rate.The IRS auditor didn't agree..but they did allow me to take a full office deduction with a pro rata treatment of expenses etc.The latter proved to be a much better (creative) deduction.
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19 September 2015 | 19 replies
The tenant may want to inquire if any increased housing costs (you'd pass the management costs on to the tenant) due to the treatment are covered by their medical insurance.
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9 November 2016 | 15 replies
I'm a licensed broker here in Portland and came from the pharmaceutical world myself (we manufactured injectable drugs and had an analytical lab on-site).
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9 November 2015 | 10 replies
Probably drug use as well.
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13 November 2015 | 11 replies
They claimed that the other tenant in our apartment may be doing drugs.
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28 February 2019 | 12 replies
Many of the foreclosed properties in this area are being rented / lease-optioned / resold to young professionals and families.Not much multi-family here, though, to the OP's point.If you're talking about Joliet from the river / downtown on east, then yes - you're looking at different strategies in those areas.That said, one of the couples in my investing group based in Downers Grove has hooked up with a VA program for providing housing for homeless veterans near where they get treatment for physical and other disabilities or near public transit they can use to get around.
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1 October 2015 | 11 replies
There are exceptions, such as drug use, illegal conduct or causing a hazard to others.Back to the dogs, if there is nothing about pets in the lease and keeping them is not in violation of any ordinance, tenants are entitled to keep personal property on the premises leased.However, if the dogs present a danger to others, like three bad dobermans, revert to the above issues.
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9 October 2015 | 9 replies
I typically invest in older buildings so when dealing with window treatment I always face this madness of multiple inferior installs.Blinds with the brackets barely hanging, that are basically impossible to secure because the non-standard way windows are framed.
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14 October 2015 | 4 replies
That's why carpeting gets the special treatment.
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30 September 2016 | 20 replies
Keep in mind that this is a litigious society and whether you are flipping, leasing, wholetailing or simply assigning(even though this one does not get recorded) you are always better off using a company/llc as the seller/buyer/holder.Of course always consult with an attorney for your specific situation and tax treatment.