Organized Business Records Save Time and Money
Here are some suggestions to help you master the art of documenting and organizing your business now and in the future. Document policies and procedures. Write down daily responsibilities, skills needed to complete tasks related to these responsibilities, and the location of all paper and electronic files. Appoint and cross-train backup staff to ensure these […]
Be Prepared For These Pandemic-Related Tax Surprises
Don’t get shocked by a high tax bill! Be prepared for these pandemic-related tax surprises when you file your 2020 tax return. Taxes on unemployment income. If you received unemployment benefits in 2020, you need to report these benefits on your tax return as taxable income. Check to see if either federal or state taxes […]
4 Ways to Make Sure Your Tax Return Doesn’t Get Stuck
Here are four ways to make sure the preparation of your tax return keeps humming along until it gets filed. Keep tax documents in one place. Missing items are one of the biggest reasons filing a tax return gets delayed! Find a place in your home and put all tax documents in this one place […]
COVID Update for Landlords: Eviction Moratoria
The State of Affairs Since October As a landlord, you know that expecting and requiring payment on time is not done out of spite or greed. It is a matter of business and, indeed, of making sure that your own family can keep a roof over their heads. After all, you may have your own […]
How to put real estate properties in trust so that your heirs can benefit without having to be involved in day-to-day management of your properties.
Considering Real Estate When Estate Planning Real estate can be the key to financial independence for a lifetime. Through collecting rents and investing in your holdings, you may have built a good life for yourself, your family, and your other loved ones. But managing and maintaining properties is a time-consuming task. You know this. At […]
Allergic tenant has priority over emotional support dog
It’s a complicated balancing act between the comfort of an apartment tenant who has dog allergies and another tenant who needs an emotional support dog. In a recent case, the Iowa Supreme Court decided that a building in Iowa City, Iowa, that typically doesn’t allow pets should not have allowed a new tenant to have […]
The threat of eviction: What renters need to know
With bans on evictions expected to lift in many places and a backlog in housing courts nationwide, there is a chance for a surge in the number of tenants who are at risk of eviction if additional government support isn’t forthcoming. The rules on eviction depend on where you live. A federal government ban on […]
It’s getting harder to get a jumbo loan
Prospective home buyers who want to buy luxury homes may now have to meet tougher requirements in order to qualify for a jumbo loan, also known as a jumbo mortgage. A jumbo loan involves financing beyond the limits set by the Federal Housing Finance Agency. This type of mortgage cannot be guaranteed, purchased or securitized […]
Foreclosures hit a low, at least for the time being
The number of foreclosure filings nationwide dipped to a record low as of the mid-point of 2020, according to ATTOM Data Solutions’ Midyear 2020 U.S. Foreclosure Market Report. Filings were down 44 percent over the course of the first six months of the year as compared to the same period of 2019, with a total […]
Know your rights with vacation rentals
More people are seeking out vacation rentals recently for longer stays and single-family living while traveling. A vacation property offers more space, privacy and easier social and physical distancing. In many places, you also get more for your money. If you’re planning to rent a property for your next vacation or an extended stay, it’s […]
