When filing a property tax appeal, when is it best to accept a settlement vs. pleading your case before the board?
You should accept a settlement when the settlement offer fairly reflects the value of your home, based on other similar properties in your area. Talk to your assessor's office, get an idea of what goes into their property assessment process, and then take a look around your neighborhood at the assessed values of similar properties.If you think your property is still assessed too high, make sure that you document the reasons why, and then keep your appeal short and to the point. If you filed for a renovation that you never completed, make sure the board knows that - many times they will assume that when you get a work permit that the work was actually completed and won't recheck to make sure that it was.
Can you use Kickstarter to fund rental property?
I'm obviously not familiar with Kickstarter and I'm not sure which kind of projects can be funded through the website. I am interested in purchasing a property and renting it out. I'm just wondering if I can use Kickstarter, or any similar website to speed up the funding process. Thanks for the help!
How can I reduce my property tax bill?
Unfortunately your property tax bill is decided on by a surveyor who every year values the land and the structure of the property based on valuations of similar properties in similar neighborhoods with similar qualities. There is nothing you can do to lower your property taxes other than move into a cheaper property.there is one legal way you can go about it and that is appealing your property tax bill where you can present evidence that your property is not as valuable as the surveyor and county treasurer and tax assessor has indicated. And usually the treasury and tax assessor are limited by how much they can charge in property tax because the property tax rate can only increase every year by a certain percent in so it will always be undervalued on the tax assessment Bill. Usually, unless you're in a recession. But you can submit an appeal but this will require providing evidence that genuinely shows that your property is valued less than it should be. This would have to include: it has a septic tank instead of access to the sewer system (but the city already knows this as they have your blueprints), perhaps there was a fire or perhaps you did some remodeling that made your properties smaller, or perhaps there was a disaster that flooded your property or perhaps there was a fire or perhaps you remove all of the trees from the property or perhaps there was a few that contributed a lot to your property's value and now that view is obstructed, or perhaps the original property tax assessment was made during a time when there was a real estate bubble and therefore it did not accurately represent the property's value. Perhaps that was a tornado that destroyed all of the other houses in your neighborhood like in Paradise California where most of the place burned down. these are things that you can argue in the appeal but you will need a lawyer and you will have to spend a lot of time arguing with the government offer very small amount usually.
What are the chances of my appeal for an apartment being approved?
I was denied for a low income apartment because of my previous rental history, i had to opt out of my lease early and i still had money left. the apartment said that i can bring in a letter or doc stating it was paid and write an appeal letter. i immediately paid the money, made sure to get confirmation and a doc stating it was paid in full, i wrote an appeal letter and also had my manager write a letter for me as well. she stated all i had to do was hand in the papers and she would fwd them to management and it would take up to a week to hear back. what are the odds of my appeal being approved?
What are good ways to lower property tax on multi unit rental property purchase?
Appeal the Assessment. Every County will have a process. Starts by getting a certified appraisal then arguing the reduction from that point. The assessors will try to say an appraisal IS the value and strike comparables that are too low in their agenda, but its rubbish. Every bona fide obligation and factor must be deducted from an initial valuation, and every transaction is comparable. They like to say "foreclosures" don't count but there is no objective undue complusion to sell property by a lienholder at less than market value.There are 3 standard methods of appraisal- price comparisons, net income valuations, and replacement cost. All must be considered (they never do) and one selected as most appropriate. That means the lower of the 3 not the higher, but you'll find they like to go opposite.It's a battle with the assessment board themselves they're the ones who got it so wrong in the first place... you'll probably find it neccesary to appeal the matter up to Court and beyond, if you want real relief.Just remember that the tax and municipal rates are themselves a damper on value. For example-a place worth 100k with a 5% rate is now worth about 1/3 less. The assessment has to be set at say 66k to make the 5% charge capitalize the difference. Its a math formula.This is the beauty of the assessment system when practiced correct. Higher charges equal lower values so the question stays in balance. They can't just raise rates without eating into their own basis.As you can see, its an uphill battle against a lot of ignorance.
I have won case & tenant will proceed to session court for appeal. How new use occupation charges are determined by the court on market rate?
Usually when a court passes an order for eviction of a tenant, it also passes an order for conducting seperate enquiry regarding mesne profits or damages. This is nothing but what rent you would have got, at prevailing market value, if the tenant wasn't in occupation of the premises. There are many ways to determine such value. One way is to produce rental agreements of similarly placed properties. Or you can also produce guideline value of your property for relevant years. The CAG has held that annual rent of a property would be 7% of the guideline value. Such evidence would give a presumptive value of the rent your property would have fetched.As far as the appeal is concerned, it shouldn't have a bearing on the issue of mesne profits as courts normally end up granting time to tenants to vacate properties, without varying the trial courts order much. That is assuming there are no serious disputes about the title to the property.
How long can you typically go without paying your apartment rent if you got a 3 days notice to pay the rent or get out?
I assure you that not paying your rent is one of the worst decisions that you can make. Your life will not be the same after an eviction. It can be a very traumatic experience.Every state is going to have slightly different eviction laws but here in Ohio my company has a very large rental portfolio in the Cleveland area and this is how we handle tenants who do not pay rent.Rent is due on the 1st.Rent is late on the 2nd.We call tenants 3x day from the 5th through the 10th.We put up 3 day notices on the 10th.After the 3 day notices we file for eviction. Once we file we will no longer accept rent. At this point the non paying tenant can't pay or get out of the legal ramifications of their actions.We win the court eviction and get a write to regain possession of the property. The eviction remains on your record for life. It will be incredibly hard if not impossible to find another landlord willing to rent to you.We send in the bailiffs (guns drawn) to the home. If you do not open the door they kick it in and forcibly remove any occupants living in the home.Everything that the tenant owns is placed on the curb by a moving crew. They can clear out an entire home in about 2 hours. They are not vary delicate with your possessions. Everything stays on the curb until 5pm. Scrappers and thieves usually come by and steal anything of value. At 5pm we bring a dump truck and load up everything that is left and take it to storage. After 30 days in storage we take it to the dump.After all of the above a non paying tenant can also expect the following to happen.We take you back to court and sue you for back rent, legal costs and damages.We garnish your wages until all debts are paid off.As you can gather from everything above being evicted is a terrible experience that is 100% preventable by you. Don't be stupid, pay your rent or move out of your landlord's property you are only hurting yourself if you don't.For more information on evictions take a look at the LIVE video of one of my company’s evictions below.Have more Real Estate related questions? Let me know! Follow/Subscribe & simply ask. I will make you a FREE video reply. #AskJamesWiseFollow me on InstagramSubscribe to my YouTube ChannelWould you like access to a FREE list of the most profitable Real Estate Investments in the USA? CLICK HERE FOR ACCESS!
Filing an appeal to an eviction?
WE'd need to know where you live (State laws are different) and why you are being evicted ( reasons make for different appeals). Absent that, check with legal aid. TRy this: You have the right to appeal this decision to a higher court of law. Your must file your appeal by close of business, 4:30 p.m. on the legal fifth day. To file an appeal you must write out why you believe you’ve been wrongfully evicted, if you are the defendant, and post a bond. You must post a bond equal to 2 times the amount of the Judgment against you. (ie: Judgment of $1,000 would equal a $2,000 appeal bond). You must also pay a $10.00 appeal filing fee at this Court. You may use any of the following bonds for your appeal: Surety Bond: Provided by an Insurance Company. Cash Bond in the form of a money order or cashier’s check. Signature Bond: Must have 2 signatures of people with available funds to pay judgment if you lose at the County level. Signatures must be from 2 people who do not live with you or share your bank account, and who also live in Denton County. We have a form available. You may also choose to file a Paupers Affidavit of Inability to Pay Court Costs. This requires completion of a form that we have available. The other party involved in your lawsuit has the right to contest this action, and the Judge may require attendance at another hearing before granting your “pauper’s” request. When filing a Pauper’s Affidavit you must also pay 1 month’s rent into this Court’s registry (no exceptions) and keep your rent current by paying at the first of each month to the Denton County Clerk. (2 month’s rent must be paid at this Court if your rent comes due before the appeal is perfected.) If you have not filed an appeal then you MUST vacate the property by midnight on the fifth day. If you do not vacate the property the plaintiff/landlord can come to the Court as early as the sixth day to file a Writ of Possession. Because of this hearing today, the Writ would be granted and sent to the Constable’s office. The Constable’s office would notify you of the writ and after 24 hours, at their discretion and in cooperation with your landlord, your possessions would be removed from the property.