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All Forum Posts by: Carly M.

Carly M. has started 21 posts and replied 84 times.

Post: CPA for real estate investors

Carly M.Posted
  • Rental Property Investor
  • Gig Harbor, WA
  • Posts 88
  • Votes 43

Hi any recommendations on a tax preparer that specializes in real estate?

I connected with someone in feb on here who came highly recommended but the onboarding process has been painful and disjointed there's been lots of miscommunications. Long story short. It's not done. I get tax time is busy and stressful, I just need help with taxes!

Hoping since tax day is behind us we can get in somewhere a little less busy.

Thank you!

Post: Unpaid Intern In Seattle?

Carly M.Posted
  • Rental Property Investor
  • Gig Harbor, WA
  • Posts 88
  • Votes 43

Hey Connor! 

I'm not needing an intern, but a meet up just started in gig harbor, right across the bridge. The first meeting is May 19. I bet there would be a great place to connect with other investors! Here's the link: https://www.meetup.com/gig-har...

Post: Starting a Gig Harbor, WA RE Investing Meetup - Interest?

Carly M.Posted
  • Rental Property Investor
  • Gig Harbor, WA
  • Posts 88
  • Votes 43

I am interested!! I was just looking for meetups and wishing we had some here in Gig Harbor! 

Post: Inherited tenant - behind on rent. Digging up selling trees

Carly M.Posted
  • Rental Property Investor
  • Gig Harbor, WA
  • Posts 88
  • Votes 43

@CJ M. They are inherited tenants. They were trading rent for landscaping services with the previous owner for the duplex as well as the previous owner's personal home, I believe about 5 years back. It's been a while. I did not qualify them, nor did I trade services for rent with them. We purchased the unit in November 2019. The rent was under market by about $550. I let them know in March of 2020 (a 5 months heads up) the rent would increase and they would remain on a month to month lease. Giving them plenty of time to make arrangements. 

Thank you for the advice! I agree, it's not that big of deal or cost, but more of an annoyance. 

Post: Inherited tenant - behind on rent. Digging up selling trees

Carly M.Posted
  • Rental Property Investor
  • Gig Harbor, WA
  • Posts 88
  • Votes 43

@Merritt S. I agree!! It’s humorous! Everyone posted is all right, you’re right. It’s $200 so what?! But I was more curious about who owns trees tenants plant. I do appreciate the hustle, haha. I’ll file it under my “I can’t believe that happened” file and move on!

Post: Inherited tenant - behind on rent. Digging up selling trees

Carly M.Posted
  • Rental Property Investor
  • Gig Harbor, WA
  • Posts 88
  • Votes 43
I agree, Jim. I'm pretty sure the judgement will not happen. I'm fairly certain they're undocumented and she didn't give me a SSN on her info. Which I am pretty sure you need to file a claim. It's a wash. I do not think I am going to get much out of it. 

Originally posted by @Jim K.:

This is a new one for me. A Japanese maple seedling in the 2-3 foot range is going to run you about $100. I realize the removed tree was likely much bigger than 2-3 feet, but this isn't going to hit you insanely hard in the wallet to replace the tree and have it grow out in a year or two, unless this is some kind of special Japanese maple. In the rentals I run, where I run them, I don't have these concerns about individual trees.

I would do as @Account Closed advises here. Get that judgment on their credit. They can explain their dirty tree trick to a landlord down the line.

Post: Inherited tenant - behind on rent. Digging up selling trees

Carly M.Posted
  • Rental Property Investor
  • Gig Harbor, WA
  • Posts 88
  • Votes 43

Thank you all! I agree, it's $200 bucks it's a wash, get her out of there.  What rubs me the wrong way is she owes me $200 still and is digging up a tree I own to pay me. I was more curious as who whose tree it was. Also, I was afraid she'd dig up and sell the entire backyard and have $0 deposit. 

Post: Inherited tenant - behind on rent. Digging up selling trees

Carly M.Posted
  • Rental Property Investor
  • Gig Harbor, WA
  • Posts 88
  • Votes 43

We have an inherited tenant. Her and her husband had been there 5 years. He was a landscaper and they traded landscaping services for rent with the previous owner (whom we know). Last November we purchased the property. They had zero deposit. 

It was severely under market in rents. We notified the tenant the rent would be increasing in four months. Giving them plenty of time to make new arrangements. They chose to stay and signed a lease with us with the agreed upon rent. 

they paid ome month of the new rent price and then the covid 19 outbreak came. She said she lost her job and the news said she could have “free rent”. I explained that’s not how it works, was empathetic, and asked to contact her employer she listed on the lease to verify she lost her job and I would work with her. She said nevermind I’ll pay. She did send me a screenshot of a text saying they won’t need her nanny services this month. And I took it as good enough and waived the late fees. 

Rent has come from different local charities in the mail this month and she gave me her 30 day notice. She is still $200 short on April’s rent. 

Today she dug up a Japanese maple and sold it on Craigslist. The tree has been there for at least three years. Her and her husband landscaped the back yard in exchange for rent or reduced rent. An arrangement made with the previous owner. I asked her to stop she said, “sorry no it’s mine  I paid fir it. You’ll have to talk to previous owner”. 

Normally I wouldn’t care, i would just let it go.  But she still owes us money for rent and if she does pay us it’ll be with the tree I purchased on the property. She’s moving out and driving big trucks through the backyard on a rainy day. I have no deposit I can deduct from, as the previous owners did not Cole t one. 

I need feedback. Isn’t trees real property? How would you handle this? 

Post: Opportunity knocking? Taking the 401k withdrawal?

Carly M.Posted
  • Rental Property Investor
  • Gig Harbor, WA
  • Posts 88
  • Votes 43

@Christopher Fougere I looked into this, and even called to inquire about it. Turns out you have to prove financial hardship due to covid19, or you and/ or your spouse / dependent has to be diagnosed. Even after those things your employer has to “open it up” and approve it for their employees. I work for a major airline and ours had not opened it up / approved it as of last week. I think it’s harder than it sounds to pull out. But it’s not a bad idea. We’re trying to get money out of everything now so we’re liquid for whatever is coming up. Best of luck.

Post: How to verify your Property Manager

Carly M.Posted
  • Rental Property Investor
  • Gig Harbor, WA
  • Posts 88
  • Votes 43

@Philip Calixto same exact thing happened to me in Missouri - Kansas City. I’m OOS too. Turns out my pm was wrong. They’d done other scammy things that didn’t add up and I ended up moving to another pm. Definitely spend the money to get a licensed roofer out there. Best of luck!