SF 2 Tax LLs Who Refuse
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SF 2 Tax LLs Who Refuse (by WL [CA]) Feb 9, 2022 10:10 AM
       SF 2 Tax LLs Who Refuse (by plentyl [MO]) Feb 9, 2022 10:16 AM
       SF 2 Tax LLs Who Refuse (by NE [PA]) Feb 9, 2022 10:45 AM
       SF 2 Tax LLs Who Refuse (by Richard [MI]) Feb 9, 2022 10:57 AM
       SF 2 Tax LLs Who Refuse (by WL [CA]) Feb 9, 2022 11:01 AM
       SF 2 Tax LLs Who Refuse (by JAC [OH]) Feb 9, 2022 11:19 AM
       SF 2 Tax LLs Who Refuse (by NE [PA]) Feb 9, 2022 11:46 AM
       SF 2 Tax LLs Who Refuse (by Richard [MI]) Feb 9, 2022 12:08 PM
       SF 2 Tax LLs Who Refuse (by JAC [OH]) Feb 9, 2022 12:14 PM
       SF 2 Tax LLs Who Refuse (by NE [PA]) Feb 9, 2022 12:16 PM
       SF 2 Tax LLs Who Refuse (by NE [PA]) Feb 9, 2022 12:18 PM
       SF 2 Tax LLs Who Refuse (by JAC [OH]) Feb 9, 2022 12:23 PM
       SF 2 Tax LLs Who Refuse (by NE [PA]) Feb 9, 2022 12:28 PM
       SF 2 Tax LLs Who Refuse (by Vee [OH]) Feb 9, 2022 12:34 PM
       SF 2 Tax LLs Who Refuse (by JAC [OH]) Feb 9, 2022 12:51 PM
       SF 2 Tax LLs Who Refuse (by NE [PA]) Feb 9, 2022 12:56 PM
       SF 2 Tax LLs Who Refuse (by NE [PA]) Feb 9, 2022 12:57 PM
       SF 2 Tax LLs Who Refuse (by Ray-N-Pa [PA]) Feb 9, 2022 1:02 PM
       SF 2 Tax LLs Who Refuse (by NE [PA]) Feb 9, 2022 1:07 PM
       SF 2 Tax LLs Who Refuse (by Jim in O C [CA]) Feb 9, 2022 1:24 PM
       SF 2 Tax LLs Who Refuse (by JAC [OH]) Feb 9, 2022 2:37 PM
       SF 2 Tax LLs Who Refuse (by NE [PA]) Feb 9, 2022 2:48 PM
       SF 2 Tax LLs Who Refuse (by Joe [CA]) Feb 9, 2022 3:15 PM
       SF 2 Tax LLs Who Refuse (by JAC [OH]) Feb 9, 2022 3:23 PM
       SF 2 Tax LLs Who Refuse (by NE [PA]) Feb 9, 2022 3:26 PM
       SF 2 Tax LLs Who Refuse (by WMH [NC]) Feb 9, 2022 3:27 PM
       SF 2 Tax LLs Who Refuse (by SHAUN [FL]) Feb 10, 2022 7:06 AM
       SF 2 Tax LLs Who Refuse (by NE [PA]) Feb 10, 2022 7:32 AM
       SF 2 Tax LLs Who Refuse (by JAC [OH]) Feb 10, 2022 9:10 AM
       SF 2 Tax LLs Who Refuse (by NE [PA]) Feb 10, 2022 10:57 AM
       SF 2 Tax LLs Who Refuse (by NE [PA]) Feb 10, 2022 10:59 AM
       SF 2 Tax LLs Who Refuse (by NE [PA]) Feb 10, 2022 11:00 AM
       SF 2 Tax LLs Who Refuse (by Robert J [CA]) Feb 10, 2022 11:00 AM
       SF 2 Tax LLs Who Refuse (by Ken [NY]) Feb 10, 2022 12:04 PM
       SF 2 Tax LLs Who Refuse (by WMH [NC]) Feb 10, 2022 2:43 PM
       SF 2 Tax LLs Who Refuse (by mike [CA]) Feb 10, 2022 2:52 PM
       SF 2 Tax LLs Who Refuse (by don [PA]) Feb 11, 2022 4:42 AM
       SF 2 Tax LLs Who Refuse (by NE [PA]) Feb 11, 2022 5:21 AM


SF 2 Tax LLs Who Refuse (by WL [CA]) Posted on: Feb 9, 2022 10:10 AM
Message:

Vacant-home tax could appear on San Franciscoís November ballot -- San Franciscans might vote this fall on whether the city should tax thousands of vacant homes to "force" landlords to rent them out and help ease the housing crisis. J.D. Morris in the San Francisco Chronicle$ -- 2/8/22

When rent control laws are so bad that LLs would rather let their units sit vacant than make money . . . Almost like the scene from Zhivago where the Bolsheviks forced homeowners to give up rooms in their private houses with Comrade Kapuchina . . .

--201.140.xxx.xx




SF 2 Tax LLs Who Refuse (by plentyl [MO]) Posted on: Feb 9, 2022 10:16 AM
Message:

Oh this sentence; LLs would rather let their units sit vacant than make money..

Maybe should read: LLs would rather let their units sit vacant than take the risk that.... Fill in the blank...

Yes let them sit empty. Agree. Instead of risking damage and not getting paid. --172.58.xxx.xxx




SF 2 Tax LLs Who Refuse (by NE [PA]) Posted on: Feb 9, 2022 10:45 AM
Message:

There was an attorney who combated this in a municipality by listing his vacancies for sale. At an extremely high price, that is. His claim (and twist in the law Iím sure) was that simply showing it listed for sale while vacant showed the property in an ďactive useĒ status. Effectively disarming another dumb city council rule. Where thereís a law, thereís a way around it, right? --174.198.xx.xxx




SF 2 Tax LLs Who Refuse (by Richard [MI]) Posted on: Feb 9, 2022 10:57 AM
Message:

Must rent?

Sure, my kid rents it from me. My cousin. My friend.

The rent price - none of your business.

Problem solved.

Idiots! --75.7.xx.xx




SF 2 Tax LLs Who Refuse (by WL [CA]) Posted on: Feb 9, 2022 11:01 AM
Message:

CA is becoming more like Venezuela. In Venezuela, homeowners won't rent out their homes because it is impossible to collect rent or to evict i.e. a moratorium. The homeowner is left with the repair bills and taxes, like California. So in Caracas, the city is filled with empty houses where the owners have fled to Florida, and they won't rent them out. Like I told one guy during the moratorium who was asking me about a vacant rental house - if I can't evict, I won't rent it. You are better off leaving it vacant, like they do in Venezuela. At least you can sell it vacant to a buyer instead of a potentially a lifelong tenant for one month's rent to move in. --201.140.xxx.xx




SF 2 Tax LLs Who Refuse (by JAC [OH]) Posted on: Feb 9, 2022 11:19 AM
Message:

Are those LLs still taking tax benefits of their rentals when not occupied? They should be taxed for this behavior. --72.49.xxx.xxx




SF 2 Tax LLs Who Refuse (by NE [PA]) Posted on: Feb 9, 2022 11:46 AM
Message:

Tax benefits are irrelevant. Communism is never the answer JAC. Honk honk --174.198.xx.xxx




SF 2 Tax LLs Who Refuse (by Richard [MI]) Posted on: Feb 9, 2022 12:08 PM
Message:

Always follow the IRS rules regarding how and when to take deductions. No need to cheat.

Yes, Mr IRS auditor/ city rep, the place was rented. I follow the rules.

The place needed some repairs, so I gave the renter a good deal because of that. Do you have any city giveaway programs that I can use to get free repair money?

--75.7.xx.xx




SF 2 Tax LLs Who Refuse (by JAC [OH]) Posted on: Feb 9, 2022 12:14 PM
Message:

Its not communism. You are not entitled to use tax breaks for an investment if that investment is not in service. Follow the rules cupcake. --72.49.xxx.xxx




SF 2 Tax LLs Who Refuse (by NE [PA]) Posted on: Feb 9, 2022 12:16 PM
Message:

I follow the rules that benefit me. Like a good investor. Imagine though, being an investor wanting more taxes. Or even worse, using taxes as a weapon or punishment. Brain melt. --174.198.xx.xxx




SF 2 Tax LLs Who Refuse (by NE [PA]) Posted on: Feb 9, 2022 12:18 PM
Message:

I donít know if you have noticed yet JAC or just willingly turn a blind eye, but the more the leftard politicians try to fix things, the more they F them up! --174.198.xx.xxx




SF 2 Tax LLs Who Refuse (by JAC [OH]) Posted on: Feb 9, 2022 12:23 PM
Message:

I know this is difficult for you but you don't get to claim investor status when you are not. CA knows the game and is tightening this rule. Stay classy cupcake. --72.49.xxx.xxx




SF 2 Tax LLs Who Refuse (by NE [PA]) Posted on: Feb 9, 2022 12:28 PM
Message:

Hence the mass exodus from Cali. Come hang with me for a week. Iíll have you normal in no time. Honk honk. PS: no REAL for-profit investor is in favor of more taxes. --174.198.xx.xxx




SF 2 Tax LLs Who Refuse (by Vee [OH]) Posted on: Feb 9, 2022 12:34 PM
Message:

There is an area in N E Ohio with this tax, created an exodus of owners while housing went 4 sale. --76.190.xxx.xxx




SF 2 Tax LLs Who Refuse (by JAC [OH]) Posted on: Feb 9, 2022 12:51 PM
Message:

I'm sure there are plenty of LLs that are willing to follow the rules and if not that adds to the SFU stock which boosts still tax revenue. The munis don't lose taxes, the tax payer doesn't socialize the cheats and the cheats move on. Win/Win/Win. --72.49.xxx.xxx




SF 2 Tax LLs Who Refuse (by NE [PA]) Posted on: Feb 9, 2022 12:56 PM
Message:

Letís put this out to vote, JAC. Start a thread and ask the board when they are in favor of higher taxes and why? Letís see what happens. --174.198.xx.xxx




SF 2 Tax LLs Who Refuse (by NE [PA]) Posted on: Feb 9, 2022 12:57 PM
Message:

As property investors and or landlords only. Not homeowners --174.198.xx.xxx




SF 2 Tax LLs Who Refuse (by Ray-N-Pa [PA]) Posted on: Feb 9, 2022 1:02 PM
Message:

Jac

You seem to pick and choose the rules you want follow. Case in point, where is your RRP certification?

You are REAL classy. --24.101.xxx.xxx




SF 2 Tax LLs Who Refuse (by NE [PA]) Posted on: Feb 9, 2022 1:07 PM
Message:

Hereís A real life situation I can throw out to the board. I have a unit that is just Wrapping up now. Itís been vacant for five or six months during the remodel. Just because I havenít had time to get to it. My delay in getting the property remodeled and an extended vacancy itís no oneís business but my own. Not the taxing bodies, not the municipalities and certainly not the JACís of the world. Now I will be posting it for rent and I could have it rented in a week or a very easily could sit for two or three months screening out all the deadbeats. So, should I be taxed for this as punishment? When itís nobodyís business of my own? --174.198.xx.xxx




SF 2 Tax LLs Who Refuse (by Jim in O C [CA]) Posted on: Feb 9, 2022 1:24 PM
Message:

TIS BETTER TO HAVE NO TENANT THAN A BAD TENANT. I left one empty for 3 months until a great tenant applied. The tenant stayed 8 years, never late and left the property in move in condition. --99.23.xxx.x




SF 2 Tax LLs Who Refuse (by JAC [OH]) Posted on: Feb 9, 2022 2:37 PM
Message:

Its no ones business until you cheat on your taxes then its everyone's business. Still pretty simple for your simple mind. Don't claim an active investment tax deduction if you don't have an active investment. Stay classy tax cheats. --72.49.xxx.xxx




SF 2 Tax LLs Who Refuse (by NE [PA]) Posted on: Feb 9, 2022 2:48 PM
Message:

I donít cheat on my taxes. If thereís one alphabet soup organization Iíll pay attention too, itís the IRS. So are you going to post a thread and start a discussion like a big boy or just throw out hypotheticals and pretend?

--24.152.xxx.xx




SF 2 Tax LLs Who Refuse (by Joe [CA]) Posted on: Feb 9, 2022 3:15 PM
Message:

JAC our resident nation wrecking communist from that certain tribe is at it again --107.77.xxx.xx




SF 2 Tax LLs Who Refuse (by JAC [OH]) Posted on: Feb 9, 2022 3:23 PM
Message:

Don't be angry when you get checked. Take it like a man. --107.77.xxx.xx




SF 2 Tax LLs Who Refuse (by NE [PA]) Posted on: Feb 9, 2022 3:26 PM
Message:

Donít disagree with JAC, youíll be a terrorist, a mass murderer, a tax cheat, a neck beard, member of the mayonnaise brigade. Did I miss anything? This is why posters need to be rated. There is no way you are a serious poster. Having a vacancy does not make you a tax cheat. Clown nose goes honk. Just remember, when they pass their fancy little law to where not renting to the homeless while having extended vacancies is a tax penalty, itís also going to affect you when you have extended vacancies for whatever other reason. It will be an umbrella law. --174.198.xx.xx




SF 2 Tax LLs Who Refuse (by WMH [NC]) Posted on: Feb 9, 2022 3:27 PM
Message:

I thought JAC was a woman?

JAC, federal taxes and federal deductions are very different than being taxed by the city for not wanting to rent your property. No one should be FORCED to give their home to someone else!?

That's why the moratoriums were so horrendous - basically it amounted to illegal taking. Now I could see if it had been the Zombie Apocalypse and everyone had to stay home, stay put, hide in the attic and not go ANYWHERE for two weeks to save the world, but in fact people were free to sell property, move across the country, buy another house, rent any property they wanted, go to work, etc. (some people anyway.)

Only LANDLORDS couldn't evict people for not paying their bills. Power, cable, phone: all could shut off their services. You couldn't buy gas without money. You couldn't buy groceries without money. You couldn't buy a car. But you COULD snag free housing, even if you didn't need it. It remains one of the single biggest jaw-droppers of government over-reach I've ever seen. --50.82.xxx.xxx




SF 2 Tax LLs Who Refuse (by SHAUN [FL]) Posted on: Feb 10, 2022 7:06 AM
Message:

Well stated WMH(NC)...

"Only LANDLORDS couldn't evict people for not paying their bills. Power, cable, phone: all could shut off their services. You couldn't buy gas without money. You couldn't buy groceries without money. You couldn't buy a car. But you COULD snag free housing, even if you didn't need it. It remains one of the single biggest jaw-droppers of government over-reach I've ever seen."

I would also add that LLs were expected to work for free. We couldn't collect/evict for non-payment, yet we were still expected to provide repairs/maintainence on our properties. --173.31.xxx.xxx




SF 2 Tax LLs Who Refuse (by NE [PA]) Posted on: Feb 10, 2022 7:32 AM
Message:

The entire response was an overreach. Not just what you disagree with. --24.152.xxx.xx




SF 2 Tax LLs Who Refuse (by JAC [OH]) Posted on: Feb 10, 2022 9:10 AM
Message:

I never said you need to be forced to give your home to someone. The discussion is around SF taxing vacant investment property AS THEY SHOULD. Regarding federal taxes, states and munis get federal funding through your federal taxes. If your investment is not in service you don't get to claim federal tax deductions. I'm not interested in paying your tax burden for your investment that is not generating revenue and the downstream benefits. That is problem with RW tax thinking. Our country is expensive to run. We have the most expensive military, law enforcement and infrastructure needs. We also have so many loopholes that allow rich people to put the tax burden on everyone else then moan and complain about deficits and debt.

NE you are up to 3 posts for everyone of mine. Keep up the good work pookie. --72.49.xxx.xxx




SF 2 Tax LLs Who Refuse (by NE [PA]) Posted on: Feb 10, 2022 10:57 AM
Message:

Being vacant itís not out of service. Thumbs down to your posts JAC. Youíre bad info for newbie investors who do not know any better. --24.152.xxx.xx




SF 2 Tax LLs Who Refuse (by NE [PA]) Posted on: Feb 10, 2022 10:59 AM
Message:

And extended vacancy due to tight screening isnt out of service either. The carrying costs are still deductible in the interim. Documented applications received an application fees received in that time or good enough to show activity on the property. --174.240.xxx.xx




SF 2 Tax LLs Who Refuse (by NE [PA]) Posted on: Feb 10, 2022 11:00 AM
Message:

And response number three for your ego, butter cup. Truck horns and clown noses go Honk honk. --174.240.xxx.xx




SF 2 Tax LLs Who Refuse (by Robert J [CA]) Posted on: Feb 10, 2022 11:00 AM
Message:

I guess most of you have never owned a rental in SF! Over there a tenant has 100 times more rights than a landlord. A friend purchased a duplex and rented out the apartment on the second floor. The tenant began to teach yoga and dancing from 6AM to 10AM and then again from 6PM to 10PM. Keeping the owner downstairs from sleeping.

The owner tried to evict a tenant that was using a residential unit for commercial use. The courts said they owner could make the tenant leave if the owner paid the tenant a "kings ransom", Like $100,000. --47.155.xx.xxx




SF 2 Tax LLs Who Refuse (by Ken [NY]) Posted on: Feb 10, 2022 12:04 PM
Message:

JAC, is there any tax that you disagree with? --72.231.xxx.xxx




SF 2 Tax LLs Who Refuse (by WMH [NC]) Posted on: Feb 10, 2022 2:43 PM
Message:

"The discussion is around SF taxing vacant investment property AS THEY SHOULD." WHY should a city tax vacant properties any differently than they do occupied ones? And how do they know who is living where?

Property tax is property tax. How a house is used or not used should not be a criteria for the amount of tax levied.

We have had a vacant unit since 2015. Because every time we started to work on it (it's a shell, a barn, we are building an ADU on an occupied property) we had other issues come up.

So permits pulled, walls framed out, plumbing done, replacement windows sitting inside on the floor...and that's how she sits. We don't have the time to finish it and can't find a contractor who knows what they are doing - well if they do, they are too busy for a small project like that.

We should pay higher taxes on that? Why? --50.82.xxx.xxx




SF 2 Tax LLs Who Refuse (by mike [CA]) Posted on: Feb 10, 2022 2:52 PM
Message:

i briefly considered a fourplex in SF. my immersion in tenant rights there was shocking. once you let them in you can't hardly get them out and if you can you pay sometimes tens of thousands of dollars in "relocation". san fran has had a "vacant unit" surplus for years...some estimate as many as 14,000 units that owners have decided to forego rent on due to the INSANE tenant rights laws. they also have rent control. --75.80.xx.xx




SF 2 Tax LLs Who Refuse (by don [PA]) Posted on: Feb 11, 2022 4:42 AM
Message:

NE--In Philly owners of vacant properties used a similar strategy to what you describe to fight attempts to take their properties under the state's blight law. The property being "for sale" exempted it from the law. Owners only had to advertise it in some manner. They would put up some fliers on poles asking a ridiculous price, take pictures, and beat the attempt to take control. The state altered the law to require that the property be put in the MLS and be listed for a reasonable price. --73.141.xxx.xxx




SF 2 Tax LLs Who Refuse (by NE [PA]) Posted on: Feb 11, 2022 5:21 AM
Message:

So who determines what a reasonable price is? --24.152.xxx.xx





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