Jamie Petraglia
SF Landlords: How Are You Handling the 5.2% Security Deposit Interest Rate?
25 September 2024 | 6 replies
I would think most landlords, who choose to be landlords in very Tenant friendly San Francisco, would pony up the 5.2% knowing that the rate has gone up and down throughout time, unless they want to run the risk of their tenant's finding out and called out as being a bad landlord, being taken on by the very helpful San Francisco Tenants Union or taken to Small Claims Court.Maybe there is a silver lining in California's recent change in security deposits that limit it to one months rent when it used to be up to 2 month's rent for unfurnished units and up to 3x for furnished units.By the way, I took a look at your Company, https://www.getwhale.co/ Since your firm is only offering 4.2%, were you trying to market in San Fran before discovering the Rent Board rate?
Moises Silva
Financing a rehab and flip
30 September 2024 | 25 replies
I handled homestead claims more than once.
Vi Huang
Tenant Keeps Making Maintenance Requests
27 September 2024 | 11 replies
They installed bidets without my permission and created plumbing issues so I had to pay for a plumber to come out several times, I've had to replace a frontdoor knob and deadbolt last month even after we rekeyed the home prior to them moving in, the garbage disposal blades were jammed so had to call a handyman, repaired a broken window which my property manager claims was broken prior to them moving in even though the repair was made 3 months after they moved in.
Chris C.
Help with tax when having another business to go towards buying real estate
25 September 2024 | 7 replies
On the other hand you can claim benefits of depreciation and other deductions.
John Kaeser
Collecting rent. collection agency
23 September 2024 | 5 replies
Based on the amount he owes and the fact as William states, that he will be concerned about his record, this guy is a perfect candidate to take to small claims.
Joyce Kim
Personal financial hardship - HELOC vs Home Equity Loan?
25 September 2024 | 12 replies
Until now, I had a great credit score, but I'm concerned that my increased debt might affect my ability to obtain a HELOC or a Home Equity Loan.A lender approached me, claiming they could help me secure a HELOC, but the encounter felt coincidental, making me feel vulnerable.
Melanie Baldridge
Re Pro Status and income
24 September 2024 | 2 replies
You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate wouldn't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.
Nia Booker
Horrible First Multi Investment Experience - Do I Need Legal Counsel?
25 September 2024 | 8 replies
Or does the seller claim that you breached the contract in some way allowing them to terminate it?
Yi Chu
Roth IRA vs. Cash: Tax Benefits & Depreciation on Multifamily Investments
23 September 2024 | 1 reply
@Yi Chu,The key here is that it is not "you" who is investing in the multifamily deal but rather a Roth IRA; therefore, you can not claim any tax benefits personally.
Marc Brandon
Unbelievable Florida security deposit claim lawsuit!!!
18 September 2024 | 47 replies
Cop claims we were speeding and reckless driving.