Category Archives: Education
The IRS is very (well, kind of) clear about the treatment of damage or security deposits. The agency does not recommend the owner treat receipt of deposits as income, whether you use cash or accrual as your method of accounting. (See Topic 414 – Rental Income & Expenses, paragraph Rental Income).
Iowa Law requires rental deposits be held in a separate account, which may be a trust account. It’s not only a good practice it has become the law. And, if you’re a third-party manager, it must be a trust account as is subject to audit by IREC. But that is not our question. The question came up, “How should the receipt of deposits be treated in the chart of accounts?”
We’ve been wanting to offer a high-quality, interactive class like this one — with a comprehensive student manual, PowerPoint(tm) and video, with 8-hrs of REALTOR(tm) and PHP CEU’s — for over a decade!
James Alan Smidt was our instructor. This first offering was held at the IaREIA-ILA office, and intentionally kept small to ensure class participants would enjoy the benefits of personal interaction, and to make sure the course was a good fit for beginner to intermediate real estate investors.
While it was a tight fit in our small-ish conference room, and the first, icy snow fall of the season a bit distressing, the immediate feedback was very encouraging!
For nearly three decades National Real Estate Investors Association (NREIA) has offered an opportunity for affiliated associations to compete for “Awards of Excellence” and well as “Honors of Merit”. All awards are presented at the Mid-Year Leadership Conference, in June of each year. Some previous venues for this conference were Seattle, Pittsburgh, Denver, and Minneapolis, in 2012, 2013, 2014, and 2015, respectively, and we have had one or two representatives at each. While it is mandatory that at least one leader from each Chapter attend, we love it when other leaders participate. Interested? Let us know!
This year, our representatives were Andrew Lietzow, Exec Dir, and Leslie Couture, who joined IaREIA in 2015, as an administrative assistant.
Make new connections. Learn to save, earn, experience something life changing. All focused on the POWER of Residential Real Estate Investing and finding new ways to GROW!
What’s that you say? The Iowa REI Expo 2015? What’s the heck is a REI Expo? It’s THE Iowa Real Estate Investors Expo to attend in 2015 — whether you can, or cannot attend any other. In fact, there will be nothing else like it in 2015, or ever again!!!
WHAT: Our Annual Conference and Expo is when Real Estate Investors Unite for Success! We’ll get together to learn from each other, and from over 17 outstanding speakers! We’ll learn not only how to survive, but to THRIVE!!!
WHERE: The Meadows at Prairie Meadows, 1 Prairie Meadows Drive, Altoona (Des Moines), Iowa
WHEN: March 19-20, and March 21-22. Pick from multiple options, and custom designed tracks just for YOU!
DETAILS: Pick from …
- Full Event (which includes all day Thursday, Friday, Saturday, and if you choose, Sunday morning — see Event Page to get Sunday’s PM training class for F-R-E-E!) The Full Event does not include the Property Management training courses on Thursday, which must be purchased separately.
- Saturday Only Event (which includes Thursday night 5:00-8:30 + Friday from 4:30 – 6:00 + All Day Saturday)
- Track A – Thursday AM – Property Management – “Housing Code 101” – 8-10
- Track A – Thursday AM – Property Management – “Quickbooks for Property Managers” – 10-12
- Track B – See the Schedule — Track B is on the right and if you’re not taking the property mgmt classes, this is the track you’ll be on.
- If you choose Track A on Thursday, you will be entitled to a DVD of Track B. We will mail this to you, after the event, for no extra charge, unless something catastrophic precludes our ability to do so.
- The Thursday night (7:00-8:30) event is F-R-E-E and open to the public. The Friday night event, from 4:30-6:00 is also F-R-E-E and open to the public. All other events and classes are “Ticketed” events.
THE AGENDA: The full 3.5 day Schedule of Events.
The easiest way to register is to:
- Call Alita at 515-710-1955 (or 515-943-7261 as backup) for Investor Registration Questions
- Call Leslie at 515-333-2235 for Vendor Registration or Vendor Information
- Call Andrew at 515-255-0675 if you still have questions
You’ll find more details at www.Expo.IaREIA.com. See you there!
- The Fair Credit Reporting Act and and the simple steps property managers can take to eliminate any concerns about compliance with the administrative requirements
- How landlords can establish tenant screening and applicant scoring procedures that are objective and non-discriminatory. This helps ensure that any Fair Housing Advocate concerns about disparate impact and potential discrimination claims should not be an issue.