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21 November 2013 | 23 replies
As a result, any person occupying with the consent of the tenant is in lawful occupancy and is not a trespasser or squatter, regardless of whether the landlord is aware of the occupancy.
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23 December 2013 | 4 replies
I'm aware, taxation is part of the exam, they ought to be able to take care of a small investor, if they take on those clients, but true, they may not do taxes they may just do corporate statements.....but in a smallish town, I bet she does taxes, but I don't know.point was about posting the name of a professionally recognized person asking if she was qualified, she's qualified to what ever she agrees to take on.
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23 December 2014 | 21 replies
Hi All,for income the summary shows what you must factor: Rental Income Vacancy Concessions Lost Rent Meanwhile, here is a list of other income you may have: Other Income Vending Income Damage Income Utility Income Late Fees Corporate Furniture Rental NSF Fees Warrant Fees MTM Fees Short Term Lease Fee Notice/Termination Fees Transfer Fees Forfeited Rent and Deposit Application Fees Administration Fees Utility Reimbursment Electric Reimbursement For expenses, here is the summary of items you must factor the following: Payroll & Related Utilities Marketing Expenses Administrative Expenses Repairs & Maintenance Turnkey Contract Services Managements Professional Fees Property Taxes Payroll with Management Insurance I am expanding some of the expenses category for you to be aware of what kind of expenses you can expect for a 50+ unit...for instance, here is the payroll expanded sub-categories...
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10 January 2015 | 36 replies
I wasn't aware of a correlation between tenant credit and FMV of a rental property.
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14 July 2019 | 32 replies
After that we began requiring 1099s names and SSN of anyone stepping foot on a construction site before any disbursement as owners were not aware.
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10 February 2017 | 13 replies
I'd hesitate to endorse any broker really from professional concerns unless I was aware of their "backroom" operations.
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22 April 2015 | 11 replies
I'm aware that this debt may very likely not be satisfied at auction if the final bid is below what is needed.. so my main question is just how one can go about in this case the bank that holds the lien in negotiating the purchase?..
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31 January 2024 | 17 replies
You should also be aware of the surfside regulations passed in Florida after the building collapsed on Surfside beach.
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4 July 2017 | 18 replies
I love real estate and am aware of al the headaches but yet am still really excited by this proposition, it s been a while since I felt this passionate about working.
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15 February 2015 | 9 replies
Same thought process goes for a Duplex or 4 Unit.Once you are comfortable handling everything on your own, then you can be happy when others are paying for your mortgage and related expenses and raising the value of your performing asset.IF, however, you feel like you would struggle and stress out over vacant units and high expenses, then you may want to rethink your strategy or downsize to a Duplex.You also need to be aware of the changes in tax breaks, deductible expenses and overall accounting methods used for when the building is occupied by the Owner so be sure to discuss your overall strategy with your CPA/Accountant before deploying your cash.Good luck!