4 April 2017 | 94 replies
Was part of a post very similar to this:https://www.biggerpockets.com/forums/52/topics/409...you can read that post, here is one posters list of things a PM does for you to be worth the money:Originally posted by @Joe Villeneuve: 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.
20 February 2017 | 8 replies
Per Florida Statutes 83.57 I know that termination of a year-to-year lease without a specific term requires 60 days notice but since my lease DOES have a specific term ending March 10th is there any notification requirement on my part as the landlord prior to that date?
21 February 2017 | 4 replies
Were appraisals of property's done as of date of death?
7 January 2020 | 6 replies
You want to do an Auction Flip (the absolute fastest way to to get a bundle of cash - provided you have the skill to pull it off - cash in hand within 7 weeks - as is- all cash and no contingencies)Some suggestions:Use a Skinny easy to understand contract offer with full profit disclosuresHave you Assignment Agreement in orderDo a "Bring to Date" title and lien report - Start your marketing immediately Always ask the sell if they have any other properties for saleAlways ask ...."
25 February 2019 | 8 replies
It may be tangential, -not to mention a little dated when you read the internet references-, but "Getting Things Done" for better or worse really got me into thinking how plan my day and prioritize my life.
21 February 2017 | 7 replies
Too many duplicate names, missing birth dates, etc. for it to be relied upon as a sole source.
22 February 2017 | 9 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.)
22 February 2017 | 8 replies
I'm in Austin TXI filed for eviction on the Feb 16th, court date is March 8th.
22 February 2017 | 7 replies
@Sherwin Gonzales I'm assuming that EDD means Estimated Delivery Date?
22 February 2017 | 5 replies
Payment in full on or before due date.