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31 August 2018 | 13 replies
Been doing rentals sinc 1994 and the only claim I have ever had was the fire and it was about $30,000 in damages.
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10 September 2018 | 6 replies
His top recomendation is, aside from ensuring you properly form your LLC, keep separate checking accounts, have an operating agreement, etc. is to make sure you have enough insurance to absorb the entirity of a claim if one occurs.
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3 September 2018 | 16 replies
Also you want to know if there are any security deposits and/or ;last months rents that need to be transferred to you as you can bet that if the tenant leaves they will claim they gave the previous landlord both of these items!
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5 September 2018 | 26 replies
Seller has provided me with booking/revenue numbers going back to 2016, and is claiming the property was booked 316-324/365 days in 2016/2017.
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18 March 2018 | 1 reply
Will a bank allow me to claim the income from the rentals since I am partnered with an experienced landlord?
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9 October 2020 | 6 replies
It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.
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10 April 2019 | 14 replies
., but then the business will have to claim that as income, so it kind of offsets.
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4 July 2020 | 9 replies
If they fail to pay it, then you have small claims as an option.
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4 January 2023 | 3 replies
Unfortunately, I never claimed depreciation the entire time I owned it (except for tax year 2021 when I finally was made aware).
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3 January 2023 | 5 replies
IF, However, they now claim "Assistance Animal", you have a much bigger problem as you cannot refuse a legitimate request for accommodation for disability.