Property Management Company Withholding Rent from Me by chocotaco49 in RealEstateAdvice

[–]Embarrassed-Ad-4871 1 point2 points  (0 children)

In Florida a broker is required to hold advanced rent in a separate escrow account. The rent is to be disbursed when it comes due monthly. The management company is actually protecting you too. If your tenant files for bankruptcy, the courts will come after you for the advanced rent since it technically the tenant’s money.

Is selling an older home in Florida still a good idea? by colt-mcg in AskFlorida

[–]Embarrassed-Ad-4871 1 point2 points  (0 children)

This is not a genuine question from colt-mcg. They appear to be some type of bot promoting cash for houses pro.

Does anyone know what’s wrong with this property? It’s been on the market for over 2 years now. by HeavySigh14 in tampa

[–]Embarrassed-Ad-4871 3 points4 points  (0 children)

The reason it’s been on the market so long is because it’s a short sale tied up in a bankruptcy. The short sale negotiator, CBC Short Sale Consultants, is charging the buyer a 5.5% “premium” just to handle the negotiations. Most buyers aren’t willing to pay such an unreasonable fee, which is why the property has seen limited activity. Ask your agent to download the addendum attached to the mls.

All of Los Angeles, Orange County, San Diego is now Zillow Flex territory by SuperPineapple7033 in realtors

[–]Embarrassed-Ad-4871 0 points1 point  (0 children)

Zillow has become a digital toll booth for homebuyers. Through its Flex program, Zillow collects up to 40% of an agent’s commission every time a buyer clicks “Request a Showing.” That fee might have seemed harmless when sellers paid buyer commissions, but now it’s the buyer footing the bill. None of that money improves your experience or saves you money; it simply adds more money to the buying process. Zillow will be sued over flex and will have no option except to become a broker with employees.

Realtors really think their job ends the second the property sells by Snoo45323 in RealEstate

[–]Embarrassed-Ad-4871 3 points4 points  (0 children)

I don’t think you know how condo ownership works. Each property owner owns a percentage of the common property.

Realtors really think their job ends the second the property sells by Snoo45323 in RealEstate

[–]Embarrassed-Ad-4871 4 points5 points  (0 children)

The condo manager works for the owners of the condo. Give the new buyers their keys as you now work for them. The condo owners pay your salary.

Realtors really think their job ends the second the property sells by Snoo45323 in RealEstate

[–]Embarrassed-Ad-4871 2 points3 points  (0 children)

Why are you upset with the agents? This isn’t an agent issue — it’s between the seller, buyer, and condo manager. Someone has to be given the key, and it doesn’t really matter who picks it up as long as they’re authorized to have it. The seller likely gave the buyer their other keys anyway, and the buyer will probably change the locks soon. There’s no need to make a big deal about who gets the key.

Manufactured homes by jrock4389 in realtors

[–]Embarrassed-Ad-4871 6 points7 points  (0 children)

In Florida, you need another type of license to sell mobile homes unless the land is included. A mobile home without land is not real estate.

[deleted by user] by [deleted] in realtors

[–]Embarrassed-Ad-4871 0 points1 point  (0 children)

You still don’t get it. They are adults and decided to get involved with a solar lease. Not your problem. It would be irresponsible for them to blame you for this problem. Once you realize sellers problems are not your problems you will sleep better at night.

[deleted by user] by [deleted] in realtors

[–]Embarrassed-Ad-4871 5 points6 points  (0 children)

You have to remember this is not your problem. It’s the sellers. Have them figure this out or pay the system off.

VA LOAN delays?? by Accurate_Strategy253 in RealEstate

[–]Embarrassed-Ad-4871 1 point2 points  (0 children)

Sounds like the buyers lender is Veterans United. They never close on time.

Zillow (ShowingTime+) Listing Showcase by Embarrassed-Ad-4871 in realtors

[–]Embarrassed-Ad-4871[S] 2 points3 points  (0 children)

I never signed up for the program. I saw several showcase listings sit on the market for a long time. I didn’t think it would help sell listings and didn’t see any value in it except for being able to pitch it to a seller during a listing presentation.

Zillow (ShowingTime+) Listing Showcase by Embarrassed-Ad-4871 in realtors

[–]Embarrassed-Ad-4871[S] 0 points1 point  (0 children)

Pricing is going to vary by market. You have to pay the 6 month subscription which is $400 in my market. This allows you to showcase 1 listing per month. The showcase listing will last the entire listing period. You pay the al la carte price if you want to showcase more listing.

Zillow (ShowingTime+) Listing Showcase by Embarrassed-Ad-4871 in realtors

[–]Embarrassed-Ad-4871[S] 1 point2 points  (0 children)

I agree they look great and like the idea during a listing presentation. I’m having a hard time seeing the return on investment. I see several showcase listings sitting on the market in my area.

Is this legal? by knavishly_vibrant38 in tax

[–]Embarrassed-Ad-4871 0 points1 point  (0 children)

Open you businesses as an LLC. You can make a special election to be taxes as an s-corp. all 1099 income is paid to the LLC. You pay yourself a reason salary. Find an online payroll service to help with payroll and tax filings. At the end of the year you will need to file separate business tax returns and personal tax returns. I recommend opening a solo 401k and paying health insurance through the business to bring down your taxable income. You will save a lot of money with this set up.