All Forum Posts by: Jai Coward

@Dan V. - It was my understanding that QBO lacks some key features needed to setup accounts and run reports, etc., that only QBD has, which is why a lot of people still use it... is this not the case? Can QBO do everything QBD does? Maybe @Account Closed can chime in with her expertise about the key differences?!

Hello all! Everywhere I search online in regards to Landlord's/Investors using QB, always references, or assumes, the Landlord/Investor is managing their own properties. I would like to know if anyone here uses QB Pro, is a Landlord/Investor and uses 3rd party management companies to manage their properties?! I'd like to see how you setup your chart of accounts, how are transactions from the property managers handled, etc.? 

Thanks!

@Kevin Smith, what item(s) are you depreciating? What is the entry you enter? Thanks.

@Nicole Nicholas, I sent you a PM. I'd be interested in getting more info on the property to possibly buy it from you. 

@John Burtle Have you used a calculator for a deal on here? Would love to know how accurate they are.

Hello all,

My tenant is currently on a month to month lease - has been in the property for about 20 months now.

She is past due on her July rent, looks like August won't be any different. She refuses to communicate as to why she is always late, or even to set up a plan - for which my wife and I are completely willing to work with her on. In CA, I understand I have to give 60 days notice for tenants who have lived in the unit for over a year, but, I also know there are certain circumstances, like paying rent late or not at all, that allows Landlords to expedite the process. So, because she is in violation of the lease by paying rent late (almost every month by the way), can't I just serve her with the 3 day pay or quit and tell her to leave in X days instead of needing to use the 60 day notice?

Also, do I have to do a formal walk through in these processes, or is it about getting my unit back from the tenant first and foremost and then having the time to do all the admin stuff (walk thru, inspection to determine deposit return amount, etc.?)

If someone could walk me through the exact process in this scenario, I'd greatly appreciate it! Process meaning, can I post the 3 day or Unconditional quit notice or does it still have to be the 60 day notice... who has to serve it using the "post and mail" option... once it is served, after the allotted time expires without payment, what do I do next... etc.?!?!

Thanks!

Hello all, I know this thread is old but I figured the title was still relevant, as I am preparing to serve my 1st 3 Day Pay or Quit. 

My tenant is currently on a month to month lease - has been in the property for about 20 months now.

She is past due on her July rent, looks like August won't be any different. She refuses to communicate as to why she is always late, or even to set up a plan - for which my wife and I are completely willing to work with her on. In CA, I understand I have to give 60 days notice for tenants who have lived in the unit for over a year, but, I also know there are certain circumstances, like paying rent late or not at all, that allows Landlords to expedite the process. So, because she is in violation of the lease by paying rent late (almost every month by the way), can't I just serve her with the 3 day pay or quit and tell her to leave in X days instead of needing to use the 60 day notice?

Also, do I have to do a formal walk through in these processes, or is it about getting my unit back from the tenant first and foremost and then having the time to do all the admin stuff (walk thru, inspection to determine deposit return amount, etc.?)

If someone could walk me through the exact process in this scenario, I'd greatly appreciate it! Process meaning, can I post the 3 day or Unconditional quit notice or does it still have to be the 60 day notice... who has to serve it using the "post and mail" option... once it is served, after the allotted time expires without payment, what do I do next... etc.?!?!

Thanks!

@Lauren Walling - Was drafting it difficult? Can you elaborate on your experience a bit more. I'd like to see what the main takeaway from Randy's course is, and I assume it is 2 things: 1) the content needed to go into the trust, and 2) being able to list/identify and articulate the content to be added into the trust?

@Azeez K. 

Thanks for the info!

@Rick Baggenstoss @Thomas Williamson 

This would actually be a flip. The SP is located in the Whispering Pines SubD. What are you guys seeing flips doing in that area?