All Forum Posts by: Jack Forester

I was surprised myself.  ;)

What about charcoal grills?  ;)

Is this a multiunit on one meter?  Just curious why you don't disconnect the utilities for failure to pay (similar to what the utility company would do). 

Assuming you mean 60w equivalent, so they could use a 10w LED (not that they would spend that much on a bulb...)

@David Dachtera

This CPA seems to agree with my statement that an S-Corp is just a pass-thru entity.  Are you sure you weren't thinking of a C-Corp?

"an S corporation pays to its shareholders isn't called a dividend.
Regular corporations, also known as C corporations, pay dividends. And those dividends are taxed.
But S corporations, in general, pay distributions"

What will you add to your next lease?  I use a ezLandlord forms which allow you to pick and choose some rules for the property and ensure you are 100% legal for your state (no I don't work for them).  They cover a lot of things you may not think of, like waterbeds (do they still make those?), trampolines (liability!), drug trafficking, etc..., but some tenants can be "creative".

So, what will I add to my next lease update?   "No trap ranges/trap shooting/gun ranges". 

While it was not in my lease, I was able to stop the action.  It did fall under nuisance activity, in my mind, but they were also shooting the clays over the neighboring property.  Sure, I own the neighboring property, but they are not leasing it, and the were littering it with the orange clays.

So, what will you add to your lease for the next renewal or your next tenant?

Isn't an S-Corp also a pass-thru entity?

Here is what the water company recommend I do to test.  I was also a plumber for about 3 years in the Air Force, and we used this method a few times.

1) Find your water meter and open it.  You can see the dials or digital readout

2) Inside the house, shutoff the main water shutoff (so no plumbing in the house is getting water) and check the meter.  Wait maybe an hour and check it again.  Did it move?  If so, you have a leak between the meter and the house.

3) Turn on the main water shutoff in the house, so the house plumbing has water.  Check meter. Wait x amount of time and check meter again.  Did is move?  The leak is somewhere in the house.

4) Take a 5 gallon bucket and fill it up.  Do this x number of times.  Check the meter to see if it registered the correct amount of gallons.

I've used Superior Home Inspections.  They ran $375 for a 3/2 on a basement. Seemed a bit pricey,  but I was able to use their report with some bids to lower the price another $3k

Thanks, @Rick S.  I managed to use the statement method to verify my accounts.  That's a good option for when you are out of paper checks, or they do away with them altogether. ;)

I'm still comparing features to pricing across some sites to see what I "want" vs "need "vs "didn't know I needed".

I do like that you have a paper option for account setup for tenants which don't have a computer or smart phone (yes, I have one of those, but I'd like to convince him to convert).