Tony M
Move-in Specials
As of late my vacancy has increased a bit at my apartment complex. I'd like to hear some incentives others have offered to attract renters. How did they work for you?
I'm not a fan of offering 1 month free...everyo...
Jason Baker
Need help with a gifted property scenario
I am a new investor in Florida. My mother has a rental in California that she wants to give to me. What is the best way to handle this transaction? Do I need to form a LLC? Is a Land Trust better? Should I do both?
Michael Terry
Gifted Duplex
It looks like my siblings and I are about to be gifted a duplex. Both units are currently rented (total rent $825) on a month to month basis. The property has been for sale for over six years, price has been dropped f...
Calvin Hayward
How Much Do You Spend On Closing Gifts
Fellow agents.
Do you buy closing gifts for your buyers/sellers?
How much do you spend on said gifts?
Stephen E.
Christmas presents for tenants?
I know there are different views on whether you should give Christmas presents to tenants. I find it is a useful practice; it shows tenants that you value them, and I get to go around and visit all of the tenants i...
Cam Smith
If I add a childs name to my house title as a joint tenant how do I use the lifetime gift tax exemption?
Hi everyone, I was thinking about adding my son as a joint tenant to a rental property I own, If I do this it would probably be the equivalent of a $30,000 gift. I heard that there is a life time gift exemption o...
Jay Truong
Transfer Property to LLC and Tax on Selling Profit
I have 2 scenarios that I would like to ask on the tax. At this point, I don't know whether I should do it.
1. I want to transfer a property I just purchased to my LLC A on title using the Warranty Deed. I purchased ...
Debbie C.
1031 and letting child take over investing - best options?
My husband and I are trying to set up a 1031 exchange for the sale of our house which is free and clear. But because we are older and nearing retirement, we want our son to use this 1031 money to continue investing in...
Jeremy Martin
Cost Basis on Gifted Property
Hello,I’ve been reading up on carry over basis, but I have a specific question I’ve been trying to find the answer to.My grandmother transferred a house to me and my twin brother. She is still alive, and my father, he...
Haresh Patel
Christmas gift cards for tenants tax deductible?
Hello. Learnt so much from this community. thank you one and all. I have bought 3 SFH in dallas area in last 1 year. come Christmas I am thinking about sending gift cards to all my tenants. can I charge this as tax ...