There has been and will continue to be much ado about immigration. The rights of immigrants both documented and undocumented will continue to be in the news. What implications does all of this have for landlords? Can an undocumented immigrant legally rent property in the United States? What’s your liability if you rent to someone…
DetailsCompliance with fair housing laws has always been tricky, but recent changes in immigration policy have created new stumbling blocks for those who want to avoid national origin discrimination claims.
DetailsThe Patient Protection and Affordable Care Act (ACA) affirmed by The Supreme Court includes certain income tax provisions to help pay for what has become known as Obamacare. With the Supreme Court upholding the ACA as constitutional, all the provisions within the law now come into effect, one being the 3.8 percentage surtax on investment…
DetailsIncome Taxes The most important positive for living in your own apartment building is that there will no longer be taxable rental income on the income tax return of the owner for the unit occupied by the owner. On the owner’s income tax return the taxable rental income would decline which might enable the taxpayer…
DetailsThis article is reprinted here with permission from Creative Real Estate Online at http://www.creonline.com. The top three items that get small-to-medium scale real estate investors in hot water are: 1. Contract Disputes 2. Negligence 3. Deceptive & Unfair Business Practices
DetailsAudit. It’s the word most real estate investors dread. But that is precisely what could happen as part of a “sweep” the IRS is conducting across the U.S. that calls into question deductions real estate investors have routinely been taking for years. As real estate investors are aware, Congress allows deductions pertaining to the operation…
DetailsIs Mold Testing Really Necessary? In most cases, if visible mold is present, paying hundreds of dollars for mold testing is a completely unnecessary expense. A visual inspection and a little common sense will typically serve as the best indicator of a mold problem because most people know what mold looks and smells like. The…
DetailsThe main reason people go into real estate investing is the same reason people fail to protect their assets in real estate investing – money. What you don’t do now can be held against you later in a court of law.
Are you the type of landlord that allows maintenance to pile up on your rental property? Or do you get the job done as soon as the problem arises? Here is a list of reasons why it is so important to stay on top of repairs as they surface;
DetailsA Swedish socialist said: “Rent control appears to be the most efficient technique presently known to destroy a city – except for bombing.” An official of the communist government in Hanoi: “The Americans couldn’t destroy Hanoi by bombing it during the war but we have destroyed our city by low rents.”