#Landlord tax return

[zahtaxaccountants]

The self-assessment tax return is a unique type of form that allows people to complete their taxes in one simple step. Our tax return compliance service will allow you to complete and submit your self-assessment tax return on time, accurately and of a high standard.

[transmechanicus]

It is sunday night. I remain exhausted.

[f0xx0rzz]

ooohhhhh my gods i want to stab. i want to stab a lot

[smanthaolson]

Let Property Campaign (LPC)

[chris-wonder]

day 5 of tax season: i wish i could remote into people’s computers and fix their issues. also fuck landlords hate them so much

[bookkeepingservices12]

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[shinyvibrava]

Hey guys.

My leasing company fucked me over severely and terminated the partnership they had with a skeevy company they were previously working with that had me go through security deposit "insurance" instead of a flat deposit. It was in the contract that I would not get this money back. Also it's barely an insurance, forcing me to pay damages out of pocket anyways.

So now that my coverage is gone, and by extension, my security deposit "replacement", my landlord is demanding an actual security deposit despite me living here for the past year.

My tax returns should help some, but I don't know when they'll actually be in. The leasing manager said he'll "be nice" and give me until the end of April to come up with around $500 for the new deposit.

If anyone could offer a bit of help, even the tiniest bit, it would mean the world to me.

P*ypal

C*shapp

V*nmo

[mariacallous]

Gov. Gretchen Whitmer (D-Mich.) this week signed landmark legislation to protect the state’s LGBTQ community.

In the process, she and her allies sent a message about the kind of state they want Michigan to be ― and how they hope to fend off the agenda of the far right, both within Michigan’s borders and beyond. The new law amends the Elliott-Larsen Act, Michigan’s civil rights law, to prohibit discrimination based on sexual orientation or gender identity. In practical terms, that means everything from ensuring landlords can’t turn away LGBTQ renters to guaranteeing that employers can’t fire workers in same-sex marriages.

Advocates have been trying to pass something like this for about 40 years. They have finally broken through because, in the 2022 election, voters returned Whitmer to office while giving complete control of the legislature to the Democrats. That hasn’t happened since the Reagan era.

The new House and Senate majorities have been working at a breakneck pace. The initiatives they have enacted or are on their way to passing include a new tax credit for the working poor, repeal of anti-union legislation and several initiatives designed to curb gun violence ― something very much on the mind of Michiganders following February’s mass shooting at Michigan State University.

Relative to those measures, the LGBTQ amendment will likely have a less conspicuous impact on everyday life because a version of the protections already exists. In a key case last year, the state’s Supreme Court ruled that sexual orientation and gender identity fell under the Elliott-Larsen legal umbrella even without new language. But courts can and do reverse themselves, especially in Michigan, where voters elect justices on the seven-member Supreme Court. Moreover, putting a statute on the books, as Whitmer and the legislature just did, makes those protections much harder to dislodge in the future.

And that’s to say nothing of the symbolic value in a state where attitudes about LGBTQ issues still vary a lot, from individual to individual and, especially, from place to place.

“There are places in Michigan where I hesitate to hold my partner’s hand where I am, you know, more guarded, where I’m not my true self,” Erin Knott, executive director of Equality Michigan, told HuffPost. “This really says to LGBTQ community members that they are loved and valued for just being who they are and that Michigan stands with them.”

At Thursday’s signing ceremony, Whitmer echoed that call while acknowledging that not all elected officials and states feel the same way.

[zahtaxaccountants]

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[mbta-unofficial]

If your city is a Brand, it’s already too late

Long post time. What is it that drives gentrification? Also, what is gentrification? Is it when a city gets blue hair and pronouns? No, it probably already had those.

Gentrification is the result of concentration of wealth in the hands of business owners, including landlords, over and above the hands of residents.

Let’s start with rent. Rent, like any good, is priced according to the laws of supply and demand. Supply of available rental housing is primarily determined by construction costs and estimated return on investment for new construction, and property management costs and estimated return on investment for existing units.

Breaking that down a bit, the higher construction costs get the higher the rent needs to be to break even on new construction. Construction costs include labor (which can always go down but you want it high for moral and practical reasons), materials (highly variable depending on the project) and bureaucratic costs. A bureaucratic cost is a cost that is based on how projects fit into the legal and practical environment, and are usually non-negotiable. Dig Safe, a program which requires three days of surveying local records before breaking ground, is an example where the function is to prevent crews from flattening a neighborhood by puncturing a gas main. Environmental Impact Statements, Fire Codes, Habitability Guidelines, and other regulations increase costs to projects. These programs are good and need to exist, but do stop smaller projects from happening at all because the capital investment required just to actually break ground on a new house might cost as much as the land and materials put together at which point you might as well build another 120$/sqft luxury midrise.

Property management costs for existing units are largely dependent on age and wear. A unit with no occupant is going to depreciate little, and may also appreciate in value. Depreciation and appreciation here are sort of unintuitive because they can happen at the same time. Imagine an old luxury sports car with a high resale price. Driving depreciates the value because it’s literal condition is poorer, even as the resale value goes up over time. The appreciation needs to beat both inflation and the value of depreciation for it to go up in real value. For companies with large capital holdings however, losses such as through the upkeep of empty apartment buildings are useful to a point because they reduce these organizations’s tax burdens. A company that makes a killing on the stock market only has to pay taxes if they keep it: if they buy houses they then don’t rent, they can claim they “lost” their stock market earnings with “bad investments” and then pay no tax while saving the real estate to rent later. Again, this favors the largest possible projects and the largest possible operators because small companies can be killed by an unprofitable quarter or 4 while large ones explicitly benefit from unprofitability in reducing their tax burden.

Expected ROI is the final piece of this, which affects both new and existing units. Every private developer and landlord wants to make as much money as they can, unless they are explicitly are renting as a service. An example of renting as a service would be families, who will rent to each other at favorable rates or for free, privileging people with large and/or wealthy families that are friendly with each other. Now, ROI is also subject to supply and demand. Everyone wants to build 120$/sqft luxury apartments but once everybody does nobody can sell/rent for those prices without setting a price floor and waiting for buyers to catch up. If you are a small developer, you can’t afford to do this. Your expenses will eat you alive. If you are a big developer, though, those expenses are offsetting the gains you make and serving to reduce you tax bill. Units at prices nobody can pay are effectively furloughed, meaning off the market, and, so long as they remain cheap to maintain, will remain that way, artificially restricting supply. It doesn’t matter if it’s for sale or not when it’s at a price you can’t afford. (Sidebar, anyone who tells you that the minimum wage depresses hiring because it artificially restricts demand is lying to you. It’s not strictly false, but like the above it’s a multi-variable equation and blanket statements about cost of labor are aimed at killing wages.)

What this alludes to also is a need for greater income equality. In order for rental to be a competitive option with furlough, not only does the price of furlough have to be increased, the real value of wages have to be increased in order to create opportunities for people to splurge. This is a twofold strategy, of both increasing the rewards of putting units on the market and increasing the costs of keeping them off. If real wages barely cover cost of living, or don’t cover cost of living, nobody can realistically spend more real wages on rent regardless of the percentage of their income it is. (Real wages here refers to the political power implied by dollar wages. A dollar is really worth whatever it can be exchanged for, whether that is a candy bar or a square inch of a 144$/sqft condo) The real value of everything except time and land are also constantly going down because of constant improvements in manufacturing. The cost in acres of land and hours of labor of a pound of beef, a bolt of cloth, or a pint of beer have dropped dramatically in the last century. Unfortunately, land is one of the few things that remains in marxist terms uncommodifiable, because it cannot be fully abstracted from the physical properties that make it valuable and we can’t make more of it just by making a better machine. This means that as the real value of things goes down because of supply and demand, the value of land only goes up because the supply is hard capped. If the value of everything under capitalism must go down because of increased production, while the value of capitalist assets must go up, or the system collapses, it makes sense that land would become a fixed point in that equation, the marxist speed of light observable from all reference points. The best approximation of land as commodity is, what else, apartments, which make available as living space the empty air above us. Because production never stops, the value of everything but land must go down. Therefore, as time passes, the price of land, and hence the price of housing, must tend upwards. Therefore, in order for housing to remain affordable, real wages must grow. This is the opposite of what is currently happening, as real wages have gone down for decades.

This income inequality which is one facet of capitalism is not new. For as long as people have lived in urban areas there have been issues between the abject class, the working class, the ruling class, and the professional class, a four part distinction I will seriously argue for in opposition to a lot of marxist theorists. The ruling and working classes ought to be familiar, or at least self explanatory. However, the other two classes I identify, the professionals and the abject, are useful to this analysis because they fill both a racial gap in the primarily marxist analysis I put forward and identify the two most likely groups to rent, which is to say the worker who works to produce but owns without governing and the professional who works to govern but does not own. The ruling class both governs and owns, but its court is full of courtiers who are there to push various agendas from within the rule of law without per se producing. Likewise, the working class pensioner exists in opposition to the abject who is denied the opportunity or the resources to be productive explicitly as a means to manufacture a threat against which inter-class solidarity between the workers and the rulers is developed. The textbook nazi conspiracy theory about “elites” doing a great racial replacement picks out perfectly what I mean by both the racial character of the professional and the abject and their utilization to foster solidarity between your plumber uncle and Elon Musk. This is relevant to both the broad theme of gentrification and the narrow theme of rent because gentrification is a wedge issue that divides the working class and the professional class far more than its impact on any other. The working class’ disidentification with doctors, lawyers, PMCs and other yuppie types, as well as the professional class’ disidentification with union politics, illegalism, and radicalism in general is brought to firecrackers in virtually any conversation about gentrification which seems in passing to be more about tapas bars than about real politics. Likewise, these groups shared distrust of and disdain for the abject, who are explicitly labeled by the state as constitutionally guilty, is the basis for the very broken windows policing strategy that empties neighborhoods of minorities regardless of class. The Rent is Too Damn High, and excluding homeless people from the “working” working class is a big part of how we got here specifically because the interests of small time owners and small time government functionaries, carried to their conclusions, are necessarily self defeating. These two groups eliminate the presence of the abject from their spaces at their own financial peril.

In addition to class, there is also a specific historical movement that is crucial to the understanding of gentrification as it exists, which is the movement of factories in search of cheap labor. The United States is not a good place to find cheap urban labor. You build a factory and suddenly everyone complains about air quality and labor violations and you can’t just kill them because everyone has lawyers. You kill one (us citizen) organizer and the NLRB is trying to get you in court for intimidation. What’s the country come to? But a shipping container costs a quarter cent per mile and the goods aren’t perishable so you go to Guangzhou or Cape Town where you can kill union bosses in peace. But for the American city, that’s a loss of what once made land prime real estate. What jobs can replace the insatiable demand for labor that a 24 hour paper mill once produced? Service labor, which crucially is site specific and therefore not outsourceable, is what the US has predominantly turned to. (and arms manufacturing which is not outsourced for very different reasons) However, service labor is only in demand if there is already a stable population that can be served, which requires a constant influx of capital holders in demand of service. This is why Airbnb exists and is hollowing out rental availability, why Boston as a college town is the way it is, and why there are in fact so many damn tapas bars. Fred Salveucci talked about being able to go north of the expressway in the 70s and being able to get a plate of mac and beans for half a buck. I went looking for a 5$ slice of pizza on my lunch break today around Government Center and found two places that were boarded up and ended up spending 20$ at Chilacates. Cities are being slowly turned into Cancun, complete with the fences to keep out the homeless.

What can be done about this? Obviously the factors we’ve discussed that favor consolidation of housing are mostly either contained within a gordion’s knot of tax policy or intrinsic to capitalism/goods as commodities. But, given that we narrow our objectives to making the rent lower, some obvious weaknesses jump out: increasing the cost of vacancy forces units out of furlough, because companies are no longer able to justify the losses, and increasing real wages increases the availability of capital for workers to spend on rent. These are the prongs I talked about earlier.

Legal means to pursue each prong exist. Both a minimum wage and a maximum wage, depending on their implementation, can potentially increase real wages, and vacancy taxes directly increase the costs of vacancy. The government can also ignore the market and directly mandate maximum rents within certain parameters. This tends to decrease the long term supply of housing for the reasons discussed at the outset, given that if the revenues from house building don’t cover the costs of building, less gets built. However, any political movement that exists exclusively within the white lines of the law fails to genuinely threaten change. Landlords, like bosses, break the law constantly with the impunity that a lawyer provides them against consequence. This is why a healthy dose of illegalism is an important part of any effective political movement. The most direct action one can take is property occupation, or squatting. Squatter’s rights are nearly non-existent in the United States. The most leeway that any state grants to any unknown persons occupying a dwelling is 60 days notice to vacate the property, and there are states that allow no notice evictions or lack statutes governing squatting at all. Every single state regards the occupation of owned property as trespassing, meaning most kinds of squatting are prosecutable offenses. However, squatting, even temporarily in ways that don’t expose the squatter to liability provided they don’t get caught, can seriously impact the value of properties. You have heard of rent lowering gunshots. This is the serious version of that. At the same time, illegal action needs legal defense, both in terms of non-compliance with police to protect those willing to take illegal actions from arrest and in terms of legal, 1st amendment protected disruption to keep focus on the issue. The most effective movements have a radical wing and a institutionalist wing who do not acknowledge each other but share the same tactics and objectives.

If you are housed, you need to be willing to protect and support homeless people because they are your front line. Start or join an Occupy movement, where they are your peers in occupying a public space illegally in a way that is too public to prosecute. Give to people on the street, and smash anti-homeless architecture if nobody is watching. Be willing to distract cops if you see someone doing something dodgy so they can get away. Remember that following the law is a tactic, and so is breaking it.

The case for this being on my transit blog is arguably weak, but I felt compelled after a particularly hateful experience looking at facebook memes about homeless people on the T. You should want those people there. You should want those people breaking down the doors of luxury apartments and setting up shop. You should want them keeping your city safe because the cops you hire to separate you from them will train their guns on you next.

And for gods sake, don’t let your city become a brand. Branding is marketing. Branding is clean, and bloodless, and a gloved hand around your throat that leaves no fingerprints.

[theambitiouswoman]

Heyy

Do you have any advice on starting a real estate business as in just buying and renting out property?

Thanks 🤍

Yes!

**For the record, I have personally done a few flips/rehabs. Apart from that, I knew/know most of the realtors in this city and relating companies as I worked with most real estate/mortgage and title companies here when I had an agency.

First you need to be able to learn the market and research comparables. When looking to buy properties there are important factors to consider to make sure you are not paying overprice for a property as well as that the are is on demand, ensuring it will be easier to rent out the property.

The location of the property and its proximity to amenities like schools, shopping centers, grocery stores, transportation etc. Also that the area is safe.

You also want to look for areas that has future development plans, this will raise the value of your property.

If you have worked with investment companies, you will quickly learn that buying a property that is not in the best condition, a rehab property, could be a very smart play. You want to make sure of course to check the comparables and ensure that the property is underpriced compared to the other homes in the area. Once you rehab the property, it could raise or even surpass the value of the other homes in the area.

Any home that you would look into to buy for renting out should have elements that you intend to upgrade on. There are a lot of reasons for this but the most important one is how it raises your price and potential earnings. Redoing a kitchen or a bathroom can immediately raise the value of your home anywhere from 5-50k. A project that will cost you anywhere from 3-10k on average for a standards nice kitchen depending on your area.

Overall you still want to look at the comps to make sure you are getting a fair deal. Calculate the potential annual rent as a percentage of the properties price. This will give you an idea of the return on your investment. Also make sure that the potential rental income exceeds the monthly expenses. If not it does not make sense.

Check the vacancy rates in the area you want to purchase in, if its high there may be a low demand and not a good area to invest in.

Also you want to think about how easy it would be to sell the property if you need to. In demand areas tend to be more liquid.

So important, to understand the landlord/ tenant laws in your state. Including their rights and eviction process etc. Nothing worst than having a horrible tenant and not being legally able to remove them.

There are a lot of rate plans depending on your specific situation and mortgage rates also vary significantly by state. Make sure to get the best deal for you. Some states a first time can give as little as 1-5% down depending if you are a first time/ entrepreneur etc.

Property insurance is another cost factor to consider when working out your numbers as this varies by area.

Managing a few properties on your own is easy, but after a handful, you may want to consider hiring a property management company to handle these things for you.

I would strongly urge you to get a lawyer to draw up renter contracts.

To grow this business what you want to do, and this is a general overview: down payment for house, fix, rent out, refinance, use refinance to purchase another property and have enough to put into upgrades/repairs on the second purchase and repeat.

I can get into taxes on this too if you want.

[vicekings]

Fuck my shitty little life rn. As far as I know the tax lady still hasn’t finished our taxes bc she switched to working part time and I was counting on the tax return to help fuckin cover my rent + tuition + car payment + insurance payment this month. Tuition is due tomorrow, hopefully I can talk to my landlord and ask him to let me pay rent on my next paycheck because I can’t afford both rent and tuition right now

[bookkeepingservices12]

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[lunarsilkscreen]

Value of Money

"When demand on [currency] goes up, its value goes down." - shameless self quote

I've written at length about the axiom I'm claiming to have invented. Now; I wanna go into the chain of events that lead to this axiom.

Many will decry Bernie Sander's and the Democrats, and socialists, and liberal media for using [minimum wage increase] as a key position. This is because arguably; the price of the things that those living on minimum wage might buy will increase in value.

Like food stuffs; which doesn't increase in purchase rates when consumers have more money to spend. It increases in price when it costs more to produce. However; a lot of food {nearly half in America} goes to waste (it goes bad before use). Which suggests; that farmers overproduce expecting that most of their produce goes to waste.

This ensures that ingredients are really available when you or I go to purchase them. Prices on unprocessed raw ingredients and bulk foodstuffs remain fairly stagnant. Because most prices that Farmers have to pay are to their corporate overlords, like Monsanto, or their local credit Union. (And to a lesser extent property taxes on land zoned for agriculture)

What we are seeing now isn't a price hike on the low end raw ingredients; but on processed foods, sodas, alcohol, fish, meat and dairy.

Why is this?

Well; we must first ask: why are those working minimum wage jobs asking for wage increases at all?

This has to do with the total cost of living. Electric and water prices remain a concern for your average person; and since the entire world is digital now; electricity usage rates are at an all time high.

Then the fact that the housing market is at an all time high, and prices to rent, along with discerning landlords; means that the bottleneck is at these prices (housing) overall, and to a lesser extent; prices of food that pay money to individuals who work in the supply chain after it leaves the farm.

Brand new video games after all are still 15-60$. So it's not entertainment's fault. Tesla might've increased the cost of their newest car; but that's more likely because Tesla's sales overall have dropped.

The value of money drops when demand on it increases.

What causes higher demand on currency? One could say that it's greedy people being greedy. Asking for more money because they can and that's it. They want the latest iPhone and Tesla Truck! Every year! (As opposed to when you need to buy one and can afford new)

It's not that. It's Debt. When the bank comes knocking, then the Lendees (the ones who borrowed money) need to pay it back; and before you go off on college students who are still working minimum wage because jobs can't afford to hire them; remember--This is affecting corporations like Tesla, Apple, Google, and Disney

All of who have cut back spending, and are still having trouble meeting their obligations.

(But record profits!)

Profits include money made over money spent, but not necessarily money borrowed. Because money borrowed is an operating cost. With a monthly payment to repay the loan; record profits could be made, and the company still needs to worry about paying back that loan.

Which means they (the corporations) expect sales to continue decreasing.

The National Debt (the amount of money currently in circulation, including bonds and other obligations) is *not* the same as the cumulative debt in the nation (the total amount of debt held by individuals and company's and any-entity-else the banks have lent to) which is a far more important indicator.

The National Debt goes down as tax money is collected and returned to the federal government. But the cumulative debt only goes down as people make a profit, and pay theirs back. This includes workers at minimum wage (who need to afford homes and a vehicle to get to work on time, or a bus pass if they live near a bus station that also goes to their place of work.)

Web search about the ease (or difficulty) to get a loan right now returns results like this article from CNN that talks about the decrease of loans being given out. Loan rejections are up for people with low indicator of default (failure to make payments.)

The banks aren't giving money as freely because they also have met their limits. And so we have this [inflation] issue. Debts can't be paid, so people raise prices in order to pay their debts on time; rising prices mean less sales, less sales mean more defaults, and the cycle continues.

Which again suggests outright; demand on currency is high. Demand on goods? Very low. Luxury Goods? Even lower.

Will increasing minimum wage help? Will forgiving debts? Will we be able to escape this black hole? Find out on the next episode of; "Somehow the entire world is in debt to itself, and it can't pay itself back."

[hraunwyf]

hey spooks and ghouls it's me your local tumblr luker back at it again with the 'i'm on the cusp of becoming homeless and some help would be nice.'

to make a long story short, i was fired in november for autism discrimination reasons, i'm working on my disability case but those take forever, i can't draw unemployment because i'm disabled, and local charities aren't helping because i don't have kids.

i'm surviving day to day doing crochet commissions (which you can hit me up about) and on minor assistance like ebt as well as some under the table gig work but i don't have any flexible income to hold up my rent/utilities until the decision comes down on the case, and i'm behind on everything. i owe almost $2k to my landlord now and i'm lucky that they're letting me be because i've been a good tenant, but good will like that is rare and runs out.

if anyone can help me by reblogging this post so that people who can offer financial support can see it, that'd be a big help. my whole tax return is going to go directly into this of course but if anyone else out there would be willing and able to spare some of their federal change chunk it'd be super helpful.

you can provide relief via:

paypal

venmo

cashapp

and reblogging this post! thanks for your time, homies

[argyrocratie]

"The rich already have more money on their hands than they can find profitable investments for; they’re not going to put more money into expanding productive capacity, because working people can’t afford to buy enough stuff to fully utilize existing industrial capacity. That’s why they wind up dumping money into FIRE economy speculative bubbles instead.

(...)

Capitalism is utterly dependent on waste production, financed by government spending, to absorb surplus investment capital and keep the wheels of industry turning. Government military procurement and investment in the automobile-highway-sprawl industry employ enormous amounts of productive capacity and capital that would otherwise be idle, and social spending increases the purchasing power of people who buy stuff and likewise keep the wheels turning.

And government debt is soaking up (and providing a minimum return on) trillions of dollars that would otherwise be dumped into the capital markets and make Black Friday look like the biggest bull market in history by comparison. U.S. bonds are, for capitalist rentiers, the equivalent of USDA subsidies that pay farmers to hold land out of use and thereby effectively turn idle farmland into a guaranteed real estate investment.

To show just how easy it would be to cut spending if those pointy-head gummint wonks would get out of the way, Mr. Dunning Kruger tries his hand at the Washington Post budget game:

By slashing military spending, getting the federal government out of education, raising the retirement age, and eliminating whole areas of spending, I was able to run a budget surplus starting in 2023 and move the federal government 163.2 percent of the way towards a sustainable budget. Hmmm. Looks like I have some room for tax cuts.

Congratulations, J.D.! You’ve removed hundreds of billions of dollars worth of demand from the economy (particularly would-be retirees who’ll wind up in the labor force either unemployed or driving down wages), dumped it in the laps of rentiers who already can’t find profitable things to invest in, caused the value of investment assets to collapse, and caused another Great Depression. Last time around, the only thing that saved American capitalism was a world war; let’s just hope they don’t use nukes in this one.

There’s a real solution that will make deficit spending and public debt unnecessary, but I don’t think J.D. will like it. It would involve abolishing all the state-enforced privileges and artificial property rights — like landlordism, intellectual property, and credit monopolies — that shift income from workers to property owners, and all the entry barriers and cartelizing regulations that shift income from consumers to business owners. There would be a lot less idle capital and idle industrial capacity, and a lot more demand for labor from the purchasing power of ordinary people."

-Kevin Carson, "No, Deficit Spending Isn’t the Problem…"