Property

Question: Property???? 8 + ( -6 + 17) = [8+ (-6)] + 17

Answer: associative prop of addition

Question: How to report property taxes on tax refund when changed property during the year? We sold our house and bought another one in the middle of the year. What property tax amount should i report on my income tax return? The full amount of taxes for the new property or should I report the pro-rated amount I gave the buyer of my old property and the amount paid on the new property minus the pro-rated amount the sellers gave me on my new property? Hope this makes sense......

Answer: You claim the amount you actually paid in property tax on both places.

Question: What distinguishes a physical property from a chemical property? I know that physical properties are readily observable, like color, size, luster, or smell. And chemical properties are only observable during a chemical reaction (from what I understand). But would that be the correct answer for what distinguishes a physical property from a chemical property? And if not, what would be the correct statement for this question?

Answer: You just said it in your first two sentences, you got this. Incase youre still unsure of yourself: In a physical change, the substances are not altered chemically, but merely changed to another phase (i.e. gas, liquid, solid) or separated or combined. In a chemical change, the substances are altered chemically and display different physical and chemical properties after the change.

Question: How to make claim on property when making a personal loan? Hi! We are loaning a significant amount of money to a relative and wanted to know if there is any way to make a claim on their property without transferring title, or if we do transfer title, do we have to pay taxes? They currently have a tenant (not themselves) in the property they own. How do we go about getting claims to the property with them continuing to receive rent and be responsible for the upkeep of the property? We have already made a promissory note... should we add it as collateral without transferring the property?

Answer: You want a secured note, you want a lien on their property. Easy to do, see an attorney. Forms at stationery store. Then you record it against property with county so that title can't be transferred without you finding out.

Question: property floods easily- how costly is it to raise your home up? i know they have services where they jack up your home, and put supports and i believe concrete under it. i know it is costly but would anyone have any sort of range as to just how costly? my property is lower than the road and every summer storm season (in florida) the property floods some, and comes very close to coming in my house. in the past before i owned it, it flooded significantly- unbeknownst to me when i purchased. my lot is lowest in the area, so all ground water sort of flows to me.

Answer: Hire a house mover for a weekend- moonlighting. Have them jack it up an inch or less (5K plus or minus) . Cut all the plumbing carefully and plug them-add risers later. Start cranking the house up with a bunch of buddies and a transit level (absolutely no beers on the premises). Go as high as the Mover allows you, then follow the plans of a structural engineer for the new footing- demolish the old concrete footing with a 1 day jack hammer rental and form up to the existing mud sill. That's about it, mostly very grunty work, hire some illegals, hell, everyone else does. If you can't do it for under ten grand you didn't organize it well enough. P.S. make sure its' not gonna rain- that's a complicator and a half.

Question: How does running a property investment business work? How does running a property investment business work. Do you start off buying a few properties and rent them out. Do you start by paying them off with a mortgage, so you can buy several properties at a time and pay each property off in certain amounts each time. Do you normally set up up a company.

Answer: A well-thought-out business plan is essential when applying for a loan to buy rental income property. Optimism is good, but when it comes to buying a rental property, it’s better to be realistic. The promise of what investors call “unearned income” is enticing, but it’s important to be aware of how much of your tenant’s rent check will be eaten up by overhead. That’s why every potential buyer of a rental property needs a business plan. When you look for financing, a well-thought-out plan will improve your standing in the eyes of potential lenders. First, determine your initial outlay, or what it will cost to acquire the property and get it ready for tenants. This amount, minus whatever down payment you have, is the amount you will need to borrow. It includes: * the purchase price of the property * any renovations and improvements, including permits * a home inspection and/or appraisal * the real estate agent’s and lawyer’s fee Then you’ll need to estimate your monthly expenses, or what it will cost to maintain the property: * mortgage and interest payments * property taxes * insurance * utilities (not including those expenses you’ll charge tenants) * administrative costs (office supplies, transportation, etc.) * management fee (if you’re hiring someone else to look after the property) * maintenance and upkeep * classified advertising This total will tell you how much rental income you’ll need to make the property profitable. This is fairly simple if you’re just renting out one apartment, or even a whole house. If you have several units to rent, your market research may take some time. You’ll have to compare your figures with rents for similar properties in your neighborhood to see if you will be competitive. Your city may also have regulations that limit how much you’re allowed to charge. Once you’re confident that your rental income will exceed your operating costs, you’ll want to consider the long-term outlook, or how the numbers will change over the life of your investment. Consider factors such as: * inflation * the appreciation or depreciation of the property * interest rates on your loan Of course, these are difficult to predict accurately. As long as you understand your city’s rent control regulations, you should be able to forecast how much your rental income will rise over the years. There are some common pitfalls in rental property business plans. Perhaps the most common is underestimating the amount of money you’ll spend on maintenance and upkeep. Your monthly estimate should budget for the major repairs that will inevitably come your way. Remember, too, that tenants don’t always pay on time. Think about how your cash flow will be affected by a late check or two -- will you need a line of credit to sustain you, and can you afford the interest charges that accompany it? A spreadsheet can give you a rough tally of these figures. Once you’re ready to look for financing, you may want to purchase books or software with business plan templates to make your document look more professional, and to make sure you haven’t left anything out.

Question: How long does a property owner have to remove an unpermitted room addition? One of my friends owns a property in the city of Garden Grove, CA. This property has an unpermitted room addition, which the city has ordered him to demolish. He currently does not have enough money to remove the addition. Can he stall the process somehow or what are his options? How long does he have to remove the addition? The property was purchased in its current condition. The city has ordered him to demolish the rooms and turn it into a carport because the property has no garage. The part of the home that used to be the garage was built into extra rooms by the previous owner who somehow obtained permits for that.

Answer: The previous owner never had a permit to convert the garage, or the owner would not be being asked to demolish it. If he writes to the city, or OC development and explains that he does not have the finances at this time, but that he will do it by such and such a date, and that the room will not be used as living space meanwhile they may be kind. The reason they have to ask him to convert it back to a garage is because it is a fire hazard, so he probably doesn't want to be using it as a room anyway. It is really unsafe, who knows how the previous owner has rigged up the electrical.

Question: How to determine property lines in Los Angeles county? My mother needs to put in a new fence and it seems as if the previous neighbors put the old fence about a foot inside my mother's property. Of course, if she will put in a new fence she wants to make sure it accurately covers her property. How can we determine where her property boundary lines are at, before seeking a land survey? What LA county office would house this information?

Answer: Although a survey exists she HAS to have a surveyer come out and show her exactly where every line it. They will flag it off for her. It will cost 250-300. It will be worth every penny to keep her land from shrinking.

Question: What state has the lowest property taxes? After 20 years in the Military moving from state to state and country to country and after working overseas as a civilian for the last 10 years were ready to settle down and retire. We are now looking for a state to retire to that has low property taxes, not too cold of a climate, reasonably price homes, low crime and a city no larger than 500,000 people. We do not have any kids in school so the school system is not important to us. We lived in Texas and the property taxes are high, also lived in Georgia where the property taxes are not to bad. If we had a $250,000 home in your area what would the property taxes be?

Answer: Here is some info.- Best and Worst States: Based on data from the 2002 census, the following five states have the lowest local property taxes per capita/year. They are Arkansas ($191), Alabama ($285), Kentucky ($376), New Mexico ($380), and Oklahoma ($425). The states with the highest local property taxes per capita/year are: New Jersey ($1,871), Connecticut ($1,733), New York ($1,402), and Rhode Island ($1,369). http://www.retirementliving.com/RLtaxes.… http://money.cnn.com/2005/04/08/real_est… http://www.taxfoundation.org/publication…

Question: What property is used in the distillation process? Is that process physical or chemical? 1. What property is used in the distillation process? Is that process physical or chemical? 2. What property is used in chromatography? What does chromatography separate?

Answer: In the distillation process, the physical separation process or property is used for the compounds present in the mixture are separated according to their volatility in boiling liquid mixtures. In chromatography, adsorption and solubility are the properties used and these separate the organic compounds present in the mixture according to polarity and solubility respectively.

Question: One property of addresses is that they are unique: if two notes had the same address it would be impossible to? One property of addresses is that they are unique: if two notes had the same address it would be impossible to distinguish between them. What other properties might be useful for network addresses to have? Can you think of any situation in which network (or postal or telephone) address might not be unique?

Answer: U r not clear.

Question: What property makes a translucent object appear invisible in water? When you immerse a clear object in water, what scientific property makes it invisible? It's related to optical properties/light, first reasonable answers gets five stars and best answer! Thanks so much!

Answer: Out of water, light is refracted in different directions by the rough surface. In water, there is no refraction because the light doesn't change speed going from one medium to the other. This is especially interesting with swim suits made of cloth with transparent threads.

Question: What is the communative property and is there more than one communative property? If something just says "communiative property" ? What does that refer to? And are there several types of communative properties?

Answer: This is called the "commutative" property. To get this word fixed in your mind : Think of commuting from one place to another. That is what the numbers are doing when you use this property of Addition or Multiplication. They just move from one place to another in the equation. In the simplest case, they just swap places. The Commutative Property states that a + b = b + a : (for Addition) and that a * b = b * a : (for Multiplication). The multiplication can also be written : ab = ba This can be extended to three numbers, so that a + b + c = b + c + a, and a * b * c = b * c * a (or abc = bca). Reworded, this Property says : You can change the order of the numbers without changing the sum or product of the numbers. Note : This Property does NOT work for subtraction or division, nor with powers or roots.

Question: How do I determine who the property manager given a property's address? I need to find out who the property manager is for a given property. I know the address, how can I find out who the property manager is? I need to find out who the property manager is for a given property (in San Francisco, CA). I know the address, how can I find out who the property manager is?

Answer: There is no way to find out, other than finding out from one of the current tenants in the building. Or you can seek out the actual owners from public records, and see if they will tell you who manages the property. OR, with luck, a drive past the buildings will show a sign indicating who is the current management firm.

Question: What condition should a property be in before tenancy begins? We are in the process of applying to rent a private property through an agent, the property meets our needs but is in desperate need of a coat of paint, the previous tenants obviously had children and several of the walls are covered with dirty hand prints......We have asked the agent if the property would be painted before we moved in, she checked with the landlord who said that as she painted 8 months ago, we would have to buy the paint and do the work ourselves. Does this seem right?

Answer: say you will get another house if it is not painted because it looks very dirty.

Question: What intellectual property laws could apply to the case below? Nicholas invents, develops, and distributes a new video game. He also writes a "Cheat" book that is available for purchase by each person who buys one of his video games. However, he does not apply for any type of intellectual property protection. Morgan Corp buys a Nicholas video game and "Cheat" book, analyzes it, and produces a clone of both products.Nicholas files ssuit against Morgan Corp., alleging violations of intellectual property laws.

Answer: Copyright is automatic, but must be registered (in the USA) prior to filing a lawsuit in federal court. The case will be dismissed unless Nicholas applies for and is granted a copyright certificate. The software is copyrightable, the displays are copyrightable, the cheat book is copyrightable. Making a profit from copyrighted works without permission is a federal crime. Other IP laws include "unfair competition" and there could be a claim that Morgan Corp has "stolen" the ideas for the game from Nicholas and misrepresented them as its own development. Similarly, the Nicholas game probably has a distinctive "look and feel" that could be perceived as an indication of the source and quality of the game, thus becoming a de facto trademark (or trade dress) owned by Nicholas. Under the federal Lanham Act (and similar state laws), there would be a claim for trademark infringement, even without a trademark registration, if the game was "used in interstate commerce" with the distinctive look and feel attributable to Nicholas.

Question: How come if the property values in states such as FL have decreased, property taxes haven't? in states such as FL where property values have greatly decreased in a range of 50K-100K, how come the property taxes haven't? Would we see a decrease in this year's tax bills at the end of the year?

Answer: If you don't see a decrease, and you really believe that the value of your land is being assessed too high, then you can ask for a review and they will do an appraisal on your land. This could lead to a reduction in property taxes.

Question: What affects property taxes and how often to they fluctuate? We're looking to buy a home in Michigan within the next month or so...if the property taxes for the previous years averaged around 3K a year...does this mean this will likely remain the case, give or take a few dollars? Can property taxes go up astronimically without warning?

Answer: The amount of foreclosures will reflect on your property taxes as well as value. Thats the problem with homeowners who have not lost their homes. The foreclosed homes around it brings its value down and the crime in.

Question: How far from the property line do I have to be to build a garage in Oneida County, Wi? My neighbor has built a garage blocking a portion of my view of the lake. I believe this was intentional. In doing so, I don't believe he accounted for the overhang of the soffit and is very close to my property. The snow and ice actually dumps onto our property. How far does the garage have to be from the property line? Oneida County is North of Lincoln County and South of Vilas County. Nearest town is Rhinelander, Wi. Thought I might get lucky with a quick answer.

Answer: never heard of that county, did you contact the county office...how many people on yahoo are from that county with that kind of knowledge??? amazing lol.

Question: How much does a property management company charge? I'd like to buy a property in Canada and rent it out and am thinking of using a property management company to find the tennant, and deal with day to day issues. Is it a percentage of the rent? Or is it a fixed fee? Actually is it worth using a property management company? Thanks!

Answer: This is a difficult question to answer because much depends on how much of the management work you are willing to do yourself. Most property management companies I have know all work on a percentage of the rental income. You can be fairly hands-off but it costs you money. I use an online service for my units that could be used from a distance (ie out of town). It helps you advertise, collect rent, book keeping, screen tenants and even schedule your contractors. Keep in mind that you will still have call the plumber or handyman yourself but at only a few dollars a month per unit - I think it is worth it! There is a free 15 day trial here: http://www.epropertymanagementsoftware.c…