The concept is that property is passed to heirs at a stepped up tax basis, that, if sold, will not result in depreciation recapture, or capital gains taxes for your heirs. 

Do not go changing your processes! 

Start by serving proper notice of the management change and request payment details.

It occurred to me today that I've never asked about umbrella insurance claims.I’m particularly interested in real-world examples where this type of policy came through during:Property damage (fires, storms, floods, etc.)Liability claims involving tenants or third partiesMajor unforeseen eventsIf you’ve ever had to file a claim and your umbrella policy saved your bacon, I’d love to hear:What happened?

Would it be easier to do a career change outside of real estate and then be a part time agent on the side?

Using the same concept, your goal is to offset daily average balance.

We all know they won't ever pay.

Has anyone ever used Capital Three Sixty as a HML?

You should never use a debit card or pay for medical expenses from your HSA, ever!

We also allow users to amend a post at any time with additional information by replying to that post again, just like what happened here.We have no plans to change how the forums work as it pertains to the deletion of posts.