Liberty Property Management: Fill & Download for Free

If this is the best "investment" idea you have come up with, PLEASE, take a deep breath and step back from the "buy it now button".Let us start with some simple overused and under appreciated proverbs:"Easy come, easy go"."Don't put all your eggs in one basket"."See a doctor and get rid of it".The first two above apply to your situation.The last is just plain old good advice.Let me make a few assumptions and please feel free to correct me where I am wrong.You "just came into this money", meaning:A- You did not earn it.B- It was inherited.C- It otherwise "fell off a truck".Other assumptions: You are fairly young, mid twenties to early thirties. You have little investing experience, much less property management experience, and likely have a net worth (prior to your cash windfall) of less than 463K. You likely don't own your own home mortgage free, you have car payments, and little to nothing set aside in tax sheltered retirement accounts (401(k), Roth, other savings, etc.) How am I doing so far? If most of this is true, then you are like most people your age. Do not despair.Here is the good news: This money, if invested properly, can be life-changing and afford you piece of mind and prosperity in the coming years and for many years to come.The bad news: There are hundreds of thousands (if not millions) of people in this world whose full-time job is to find people like you and separate you from your newly found wealth.First, visit a CPA (certified public accountant) and have a short meeting with them. Use caution when making this selection (see the bad news above). Good CPAs don't advertise on the corner around tax time, with a board flipper in a Statue of Liberty costume. A one hour consultation is all you should need and it should run you less than $100.Determine if you have any tax liability from receiving this money. If you do, and the number seems high, congratulations! You have just learned one of the most important rules about money management and investing: The tax man gets paid first.Now, with what is left of your windfall you are ready to move forward.First: Take measure of your net worth (Assets - Liabilities = Net Worth) What is that number? Is it a positive or negative number?*Donald Trump once commented to his (now ex wife) Ivana Trump while pointing to a homeless man on the streets of NY, "He has a greater net worth than I do". Trump was in debt hundreds of millions of dollars at the time.Debt:Take a hard look at what you owe, the amounts and the interest rates you pay on those debts.This may be car loans, credit cards, student debt, mortgage and the like. Prioritize those debts and retire them.Assets:Assuming you are employed, do you max out your contributions to your employer sponsored retirement accounts like a 401(k) ($17,500/year)?How about a Roth IRA? Do you contribute the maximum $5500/ year?Housing- Do you own your own home? Is it mortgaged? If you are a renter, consider buying a modest home that you can live in for at least 5-10 years. Choose a 15 year mortgage. Owning a home that you live in will better prepare you for owning an investment property down the road.Emergency Fund: Set aside enough money to cover living expenses for 6-12 months.So, after you have followed the steps outlined above, hopefully you still have a few bucks left. Take 10% of that and buy something nice for yourself, take a trip, or treat others.Whatever is left should now be invested in a well diversified low cost index fund of stocks and bonds according to your age. Put 50% in now and dollar cost average the remaining cash balance over the next few years. Don't touch it and allow the power of compounding returns accrue for the next 30 years.Keep working and contributing to your 401(k) and Roth. Above all, live within (preferably below) your means.You will likely have a nice nest egg of 2-3 million dollars from this investment alone. Not to mention the couple million you now have in your tax sheltered/ advantaged 401(k) and Roth.In addition, you likely paid off that house years ago. Nice job!Go take a nice vacation in Hawaii, you earned it!

Question: Upstairs tenants park behind me in my assigned space, blocking me in at all hours. They ignore requests to stop doing it, and property management company notices. How can I dissuade them from continuing to do so? Rental is in New York state.Answer: I am a not a lawyer, but:You are guaranteed by New York law to “quiet enjoyment” of the premises specifically detailed in your lease. This means that no other person or company can claim any interest in (rights to) the premises you have rented. If your parking space is detailed in your lease, then you have rented it, and by your neighbor “claiming interest” (parking in your spot), and by your property manager failing to act with force on this “claim”, the manager has breached the contract. You will need to check with the housing authority (generally a free phone call can confirm the necessary steps), but I believe that you have the right to send a detailed letter to your landlord, describing the infraction, and alerting them that you will be paying your rent to the local housing authority. From that point on, on the day your rent is due, you pay your full rent to the local housing authority, who will hold it in escrow until such time as your landlord repairs the issue — in this case, makes the neighbor stop parking there.The neighbor is also guilty of legal harassment. You may call the police for every occurrence, and after 3–5 police reports, file a cease and desist letter with the courts against the neighbor. After the cease and desist is violated, then you may file for a civil protection order, which could possibly prevent them from parking on the premises at all, no matter their lease provisions.The landlord is also guilty of legal harassment, and a written formal complaint to the housing authority, copied to your property manager, should assist with this issue. The landlord has a duty to prevent harassment intended to drive you from the premises, and must not willfully deny services, and you could *very* easily make a legal argument that forcing you to park on the street or somewhere else, against your legal claim to the parking space, is an action intended to make you leave and then gain the spot for themselves with no bothersome neighbors, and that by failing to enforce the lease with your neighbors, your landlord is willfully denying you the service of enforcing the lease and the service of your parking spot.I’d also recommend, if you dislike going through the courts, finding a new place to park, or several, and obtain pricing estimates. Send a letter to the property manager detailing the offenses and the management’s failure to remedy. Request that if they fail to remedy, your rent be lowered by the amount you must pay to park in a new place, as well as an inconvenience fee for your longer walk. Considering that you must carry groceries and other belongings for this longer walk, I’d seek a fairly high inconvenience fee, as your shoes will wear out sooner, your clothes will wear out, your laundry bills will be higher from increased exposure to filth, your risk of danger is much higher, and you must purchase a cart or something to assist with the transportation of your belongings. Since your landlord is duty bound to respond to your claims of actions against your safety, then they should act fairly quickly, if you inform them that your next step will be filing a complaint with the New York housing authority.Seek a consultation with a landlord/tenancy lawyer. Many lawyers will give 30 minute consultations for free. A lawyer can help you to see what other options you may have. Personal anecdote: I had a previous landlord illegally withhold my security deposit. I had a 30 minute consultation with a lawyer, he drafted a letter to the property manager, and mailed it. He charged $150 per hour for letters, he bills in no less than half hour increments, so my total cost was $75 because he had a template ready to go. I got my full security deposit back — $1500. This was incredibly simple, didn’t involve the courts, and took a grand total of an hour of my time — 30 minutes to find a lawyer and schedule a consult, 15 minute consultation (didn’t need the whole half hour), and 15 minutes to sign the contract and forward the payment.I highly recommend against any of the following actions:Any damage whatsoever to their vehicle or property: You can and will be held liable if the courts become involved. If you file with the courts AND cause damage to their vehicle, then the courts may find that you have recouped your own damages, and that their damages exceed yours, and you could be charged with criminal acts, and made to pay whatever they want to have the thing fixed. They can go to a friend who charges $20,000 to replace a tire — you would have no right to make them go elsewhere. You could file a new claim for the unreasonable charge, but you may not win that because the new judge would hear that you filed with the courts, damaged their property, and now you don’t want to deal with their retaliation. You wasted everyone’s time and now you’re doing it again, and it’s your fault legally, even if it’s not morally.Parking them in: If they experience an emergency, and either EMS is unable to reach them, or if they are unable to reach EMS, then you could be charged with several crimes. If someone dies as a result of your parking job, you could be charged with crimes related to the death, such as manslaughter, intent to cause harm (because you pre-meditated the parking in), or some other serious crime.Any written or verbal threats to life, liberty, or property: You could be charged with harassment yourself. Threats to call a lawyer or the police are fine, so long as you follow through. If you repeatedly threaten legal action and do not follow through, that is also a form of harassment.For further reference: https://ag.ny.gov/sites/default/files/tenants_rights.pdf

Essentially, the main purpose of a Constitution is to act as a basic foundation for the structure of government. It is thought to act as the “supreme law of the land” and enforce law. A Constitution also doesn’t necessarily need to be fully written out. It can be based of off various unwritten but expected customs and traditions as well. A Constitution serves primarily to:Set up and outline the framework for a system of government. It defines and provides an initial structure for the creation of a government.Establish and list the basic rights of the citizens (ex. Life, Liberty, Property, Pursuit of Happiness, Due Process, Trial etc.). While it doesn’t grant these rights, it guarantees them and protects them from the government in exchange for the citizen’s absolute rights.Gives the responsibility of properly regulating, managing, and protecting the people’s rights to the government.In most cases, limits the power of the government. The purpose of these limitations is to prevent consolidation of power and corruption in the government while protecting the rights of the people. This can be done in numerous ways such as the implementation of the system of checks and balances, separation of powers, rule of law, private domain etc.