7 January 2020 | 13 replies
So inspection dates, passed/failed permits, names of inspectors, etc. etc. things don't get recorded on the phone even when the automated messages say they are.
10 August 2017 | 10 replies
i.e. one state allows you to file a 3 day notice while in MA, you can give it on the very next day when they miss the due date...but its a 14 day notice !
10 February 2017 | 2 replies
I tried explaining that the property would be a primary residence for me (despite collecting rent from the other units), but he said it's not.Is this info accurate and up-to-date for tri's / quad's?
15 February 2017 | 56 replies
Here's what my PM does for me:1 - Fills vacancies2 - Handles the advertising3 - Does the interviewing including background checks, credit checks, rental histories, income verification, NSF check research, etc...4 - Does the inspections5 - Does the walkthru before and after6 - Guarantees the first 6 months of a tenant they placed, or they refill the property at their cost7 - Handles all problems, including maintenance...with no markup charges8 - Handles all incoming calls and emails, so the tenant has no idea who we are9 - Contacts, and extends lease at no extra charge to us10 - Knows market, so gets us the highest possible rents11 - 35 years of experience as a full time PM service12 - Will garnish wages if needed13 - Handles entire eviction process (keeping us up to date), from beginning of letters of notice to court....to eviction.
9 February 2017 | 3 replies
Indiana requires at least a 30 day notice and the notice will start from the date that it is given.
9 February 2017 | 1 reply
He owes 167K on the house.Bedrooms: 4 | Bathrooms: 3 | Finished sq ft: 1,764 | Lot size sq ft: 11,775 | Year built: 1952 Tax assessment: $167,100 | Last sold date: 08/22/2007 | Last sold price: $195,000.
11 February 2017 | 28 replies
It's not always up to date, but gives an interesting perspective.
10 February 2017 | 2 replies
Make sure you check effective date of the map and that there is not another preliminary one awaiting becoming effective.
9 February 2017 | 5 replies
The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016, the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)
9 February 2017 | 7 replies
@Anthony Nici - I would just write an addendum:It is agreed upon that the lease dated XXX for address XXX with the Landlord and XXX tenants (list all) is hereby terminated by all parties as of XXX date.