A successful business strategy is built on more than just income generation. For landlords, knowing and understanding the tax structure used on rental income can be an important way to increase the money they take home after taxes.
The Pre-Employment Screening Program (PSP) through the FMCSA offers reports on individual commercial drivers’ history. PSP reports can be helpful in a variety of ways.
Screening a tenant—whether they have submitted a housing application or are renewing their lease—a signed authorization is required. Consumer reports, which can include credit reports, eviction history, and criminal history, can only be accessed under this law for a “permissible purpose.”
The Federal Motor Carrier Safety Administration (FMCSA) has extended a number of regulatory relief measures to May 31st, 2021. Among these is an exemption on hours-of-service regulations for truck drivers providing direct assistance to emergency efforts and an extension on permits and licenses up for renewal.
The work of a building manager or landlord is never done, but certain times of year are more important for routine maintenance than others.
In January, 1-in-5 American renters were behind on their rent. As the pandemic has continued, unpaid rents are adding up — collectively over $70 Billion by one estimate. This poses real challenges for landlords.
Federal regulations now require face masks on commercial transportation, including aircraft, trains, ferries, and all forms of public transportation. This applies to operators as well as passengers, but does this apply to truck drivers?
The Company Snapshot is a concise electronic record of a company’s identification, size, commodity information, and safety record, including the safety rating (if any), a roadside out-of-service inspection summary, and crash information.
Landlord insurance is like homeowner’s insurance in that it will protect you when wind, fire or another unavoidable act damages or destroys your rental. Many policies also cover the income that you would typically receive from your property while it is uninhabitable.
When ordering Motor Vehicle Records, PSP Reports or CDLIS Reports it’s important to obtain a photo copy of the driver’s license as many states will not return a report if the Driver’s Name or License number do not match what is in their system.
Most landlords realize that tenant screening is only part of the formula for success as a real estate investor. Knowing how to minimize the amount that has to be spent in taxes at the end of the fiscal year while still operating within the tax laws is equally as vital to your success as a landlord.
Regardless of the size of your business, pre-employment screening is a necessary hiring practice to avoid lawsuits and costly hiring mistakes. Gone are the days of a simple reference check and a few phone calls to screen new employees.
Every employer must take the time to review and understand the complicated requirements of the federal Fair Credit Reporting Act (FCRA), 15 U.S.C. §§1681-1681u, et seq., when obtaining consumer reports and/or making employment decisions based on those reports.
Mandated by the Commercial Motor Vehicle Safety Act (CMVSA) of 1986, StarPoint Driver Screening’s CDLIS report supports the issuance of commercial driver licenses (CDLs) by the jurisdictions, and assists jurisdictions.
As a Property owner or manager, there is little more frustrating than a tenant who fails to pay rent as agreed. The situation is costly, time-consuming, and aggravating. Learn how to navigate non-payment issues with the credit bureaus.