December 30th, 2008
Jay K asked: I would like to avoid board fees in Ontario Canada. I am in a home business which is excelling and yet would still like to keep my real estate license for future use. I need a non board member to hold my real estate license who may or may not charge a fee for this real estate license park or parking my real estate licence service.
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Tags: Board Fees, Estate Licence, Ontario Canada, Real Estate License
Posted in Renting Real Estate | 2 Comments »
December 30th, 2008
agaunt00 asked: I have a small property management company that I just started and I’m trying to figure out how much insurance I should purchase? I am dealing with individually owned condos in various parts of CA and Fl. A total of 150-300 units.
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Tags: Errors And Omissions, Errors And Omissions Insurance, Insurance, Property Management Company
Posted in Renting Real Estate | 1 Comment »
December 30th, 2008
chilask asked: I intend to run my own real estate investment company and would like the following questions answered. My understanding is that the pros use hard money to fund their deals and if they dont sell the rent the property. After some analysis i realized that after rehabing the property and you decide to rent, 90% of the time the rental doesnt cover the mortagage. How long do you have to carry the negative loss assuming you have 10 properties at one time ?
Kansieo.com
Tags: Mortagage, Own Real Estate, Real Estate Investment Company, Rent Property
Posted in Renting Real Estate | 8 Comments »
December 30th, 2008
popalock85 asked: Ok,
I’ve been doing a little research and it’s amazing to see what kind of tax break an investment property can be.
I still need specific details as to what all you can itemize on your taxes when it comes to your investment property.
So far I’ve heard that you can deduct:
Morgage Interest
Depreciation
Management Fees
Maintenance
Are there any other tax advantages that I am missing? Can you claim the Property Insurance?
Any and all property related tax info is greatly appreciated.
v/r,
Austin
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Tags: Depreciation, R Austin, Tax Break, Tax Question
Posted in United States | 3 Comments »
December 30th, 2008
Professor Hubert J. Farnsworth asked: I recently graduated from West Virginia University and I have spent the last five years working in EVERY aspect of property management. I am currently looking for a job, and was wondering if anyone has any ideas. I have also spent five years working in every aspect of the foodservie industry. I have worked at two properties each holding 600 residents, and having full-service houekeeping. I was also employeed as a Student Manager in a college foodservice environment. Thank You.
I recently graduated from West Virginia University and I have spent the last five years working in EVERY aspect of property management. I am currently looking for a job, and was wondering if anyone has any ideas. I have also spent five years working in every aspect of the foodservie industry. I have worked at two properties each holding 600 residents, and having full-service houekeeping. I was also employeed as a Student Manager in a college foodservice environment. Thank You.
And no Property management is not selling houses. Property management is managing an apartment building, condo, dorm, garden style apartment complex, office building, hotel/resort, or other structure that is leased or managed for someone or for a company or condo board/
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Tags: Environment, Garden Style, Property Management Company, West Virginia University
Posted in Financial Services | 2 Comments »
December 30th, 2008
h l asked: I own two investment properties in AZ…I have perfect credit but I am upside down on them and so in the RED! I am going to try a short sale but if I am declined then I will have to foreclose on them. My question is will the banks put liens on my primary home in CA if I foreclose? Or do I just live with poor credit for 7 years?
I have renters for both properties but I am still so in the red!
Kansieo.com
Tags: Banks, Foreclosure Homes, Investment Properties, Short Sale
Posted in Renting Real Estate | 3 Comments »
December 30th, 2008
nathan w asked: I’m looking into starting a property management company. How do I get started? Licenses, paperwork, clients?
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Tags: Apartment Complex, Paperwork, Property Management Company
Posted in Renting Real Estate | 1 Comment »
December 30th, 2008
Mr. Stone asked: I’m selling a house and I have conflicting information on what the real estate commission should be. It varies from 4-6% depending on who you ask.
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Tags: Multimillion Dollar, Real Estate Commission, Selling A House, Selling House
Posted in Renting Real Estate | 6 Comments »
December 30th, 2008
ihateaccounting asked: I have a business administration degree, but now I think I want to enter real estate. What should I do first?
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Tags: Business Admin, Business Administration Degree, Business Degree, Real Estate
Posted in Higher Education (University +) | 1 Comment »
