Archive for the 'real estate articles' Category

Should You Give a Limited Power of Attorney to your Spouse?

A Limited Power of Attorney is just what it says. When you sign this type of legal document, you are giving limited power to someone else to make your decisions. While the language within this document is broad, it will specifically outline what authority you are assigning to someone else. There are several types of [...]

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Should my rental houses be considered personnel investments or should I form a business that manages property?

Clay M asked: I build new houses and remodel existing ones to own and rent out. During the construction process I have expenses uncommon to managing rentals. Even though I take no salary and do as much work as possible on each project, we still have a negative cash flow. After adding up the losses [...]

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Should I give my bank account number and social security number for a rental application?

x_kookoo4kokopuffs_x asked: I am filling out a form for a rental application and they want my bank name, account type, and account number, but not the balance. Also they ask for my full social security number. I know that this paperwork will just get filed away. They say its for reference reasons, what should I [...]

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I just got a form from my rental office, what do I do?

Austrian Theorist asked: I got a ‘rent arrears’ form from my rental office. They say I owe $1150.41 and if I don’t pay it in 5 days they’ll take me to court. However I do not owe such amount, I have all my receipts (I pay in money order), etc. Now I don’t want to [...]

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Form1098S from Jersey not received. Sold rental prop. How do I get and is it a blank form or like a 1099?

alioop908 asked: I sold a rental property in Jersey. I live in FL. Accountant asked for a 1098S form which I don’t have. Is this like a 1099 which Jersey was to send me or is it a blank form I can download? If Jersey was to send, how to I obtain another one? Caffeinated [...]

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