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All Forum Posts by: Nadir M.

Nadir M. has started 65 posts and replied 443 times.

If you’re giving the owner the gross amount along with an owner expense statement, that was they’ll be able to write off the expenses? I guess that’s what I was trying to say. Is that correct? The 1099-MISC will include the gross amount in line 1 not the net. 

Quote from @Drew Sygit:

@Nadir M. 
@Adam Bartomeo

Guys the IRS requires the 1099 amount to be equal to the GROSS amount you collected on behalf of the owner, even if you are collecting water bills, etc. from tenants.

NOTHING is deducted from the Gross amount,including your PMC fees!

The Annual Owner Statement should break down all the expenses that the owner's tax professional then figures out how to deduct and on what tax schedule.


So that way the owner can expense everything throughout the year?  

Quote from @Drew Sygit:

@Nadir M. you would show 100% of whatever you collected on behalf of an owner.

Of course, if tenant pays via credit card, you would NOT include the credit card fees, because you did not receive them.

From the funds in your OPERATING account, you would pay any expenses on behalf of the owner, including your management fees - which you woul transfer to your PMC account.

Owner will be paid from Operating account.

Your vendors (office expenses, auto, etc) would be paid from your PMC account.

Year end, you are require by IRS to send a 1099 with GROSS amount collected on behalf of owner. Owner will need an Annual Owner Statement from your acconting system, reflecting those gross collected amounts and all expenses, including your management fees. It's up to their tax professional on how to present that info on their tax returns.


 Am I able to just send a 1099-MISC to the owner with their net profit only…ie the amount that was transferred to them minus all operating expenses. That way the only thing they would depreciate is the 27.5 year rule 

Quote from @Drew Sygit:

@Nadir M. you would show 100% of whatever you collected on behalf of an owner.

Of course, if tenant pays via credit card, you would NOT include the credit card fees, because you did not receive them.

From the funds in your OPERATING account, you would pay any expenses on behalf of the owner, including your management fees - which you woul transfer to your PMC account.

Owner will be paid from Operating account.

Your vendors (office expenses, auto, etc) would be paid from your PMC account.

Year end, you are require by IRS to send a 1099 with GROSS amount collected on behalf of owner. Owner will need an Annual Owner Statement from your acconting system, reflecting those gross collected amounts and all expenses, including your management fees. It's up to their tax professional on how to present that info on their tax returns.


 Thank you drew. So it sounds correct to collect all amounts into my business account then and send a 1099 to the owner reflecting what they received minus the PM fee? So there is no PM fee for them to expense correct? 

I would love to connect and further discuss 


Property managers, how do you collect rent from tenants, keep your management fee, and send the remainder to the owner without it reflecting as if you received the full rental income in your bank account?

Are you using a specific property management software to handle this automatically, or do you have a different system in place to ensure accurate tax reporting?

Would love to hear what’sworking for you!

Thanks!

Post: Short term rental photographer

Nadir M.Posted
  • Posts 447
  • Votes 96

I recently purchased a property and converted it into an Airbnb. I’m looking for professional, detailed photos that capture the space in a way that’s ideal for short-term rental promotions or a social media-friendly aesthetic—not the typical real estate listing style, I’d love to know if anyone can recommend a great short-term rental photographer.

thank you 

Hi everyone,

One of my tenants recently found a replacement filter for the fridge and wanted me to order more before it expires. It raised a question of whether it’s the tenant responsibility or the landlords to continue to replace. That goes for things such as furnace filters as well. From everyone’s experience, do you guys put the responsibility on the tenant or would it be the landlords responsibility to replace. I know this can go either way but wondering what everyone does. 


Thank you, 


Quote from @Wes Sheppard:
Quote from @Nadir M.:

The toilet is newer. It’s an older house so older plumbing so def not replacing the entire plumbing. Also just replaced carpet and painted the walls because there was water intrusion from heavy rainfall. That’s costed 3k. Then when they moved in, the washer broke and replaced that…and then the microwave broke and replaced that. So I def haven’t been cheap. House has been rented to three tenants now and they’re the first I’ve had any issues with. I wish I was cheap dude. 

Have you asked them to double flush (i.e. flush early and often)?  It would be a non-starter for us to ask a tenant to dispose of TP in a wastebasket.  Also, if the toilet is newer you may have a high-efficiency toilet and getting a higher flow toilet may help fix the issue.

The plumber up the flow rate but increase the volume in the bowl … it’s about 3 years old. 
Quote from @Nadir M.:
Quote from @James Hamling:
Quote from @Nadir M.:
Quote from @James Hamling:
Quote from @Nadir M.:
Quote from @James Hamling:
Quote from @Nadir M.:
Quote from @James Hamling:
Quote from @Nadir M.:
Quote from @James Hamling:

@Nadir M. it's not too much TP. 

Yeah, I get it, you had "a" plumber out and he said blah blah blah, I get it. Look, that plumber was not into getting into things and he gave you and tenant the brush off, that's the reality of it. 

Toilet paper will NOT do that of it's own, it just won't. The ONLY way TP alone would be the issue, you'd have to throw like literally half a roll at a time down and do that repeatedly, multiple times, in rapid succession. 

But what COULD do it; tenant could have put something else down, dang flushable wipes especially. And before turn in line, it makes a kind of catch. So now your 3" line is more like a 1.5" line. 

This will build up n build up, and then yes, clog up with small amount of TP and make it hard to fix via plunger. 

And you said just did a bunch of work. Well, any chance any of those guys used jobsite hand cleaners and flushed em? Which are basically flushable wipes? Yeah, that commonly happen. If I catch guys on jobsite doing that I fine em cost to have drain guys come out and run the lines, because that's literally what ya gotta do. 

Cast iron lines especially are notorious for this. 

Look, people are jumping to assumptions that your a cheap slumlord, and your not enjoying that right. Well, how about ya extend the same courtesy to tenant of not jumping on an assumption to them. 

Call a drain professional, not a plumber. Can have em scope it first. I assure you will find something. 

If I scope it and find flushable isn’t that on the tenant as well? 

Depends. 

Personally, if it's 1st time, I scold them and let them know of the "fine" for such, but at end I waive it if there otherwise decent tenants so now it's left in a positive manner and they know they will be paying if done again. 

Legally speaking, unless they confess to it you can't prove it was from them. And unless you know for fact, you don't really know either. As mentioned, could be these tenants, previous vendors, or previous tenants, depends. 

We should be talking a couple too few hundred bucks, this isn't some giant cost worth creating a bad relation with tenant. 

And you need to stop with the knee jerk reaction that things are tenant with no evidence to such. 


It’s the second occurrence within a couple months. I was nice the first time and told them I’ll take care of the bill but please make sure you use less TP and supervise your kids since they’re still very young. When it happened the second time that’s when I realized it may be an ongoing issue. They need to pay for it which will ultimately result in a feud I feel like…which I tend to always try to prevent. 

 Wrong dead wrong. 

If it's let's say flushable wipes in there from the vendors, it's definitively not there fault. It's NOT too much TP, stop with that BS excuse, nobody in the know is buying this BS excuse, that literally is NOT possible period end of story full-stop. If you had any clue about plumbing you'd understand why. 

To say they use too much TP is a DEFECT of property as it's NOT working in standard order and you WILL loose in court. Because it's legally required your property be up to NORMAL working standard measure. 

FYI; now you are starting to act like a slumlord. Cut the sh_t out. IF it's the tenant making such happen from abuse of any kind, yes THEN accountability but you don't know jack, cut it out, get facts not opinions and assumptions. 


 So it’s a plumbing issue if it’s happening to one toilet and everything is operating fine? I guess I’m confused to why another toilet, that’s smaller and older, is having no issues (which is also the master bedroom) while the hallway bathroom is. I don’t understand why way too much toilet paper couldn’t be the issue…some TP doesn’t dissolve like certain other brands. To also say that’s it’s happened with them twice while not happening to any other tenant is also potentially saying too much TP. 


Look, I don't understand why space-x can land rockets and others can't, my lack of knowledge or understanding does not change the facts of things. 

Any and ALL normal operating toilets and toilet plumbing will NOT be incapable of handling TP, come on man, it's kind of obvious common sense, it is. 

A normal clog is handled with a plunger. You're not having normal clogs are you, because your not calling out a plumber to simply take 3min with a plunger, right. It's what we call an IMPACTION. 

Trade school for plumbing is 2-4yrs, I'm not gonna take you from 0 knowledge to full comprehension on a web forum. 

You have a requirement for standard normal operation. When you got called out for BS you said it was unfair, but here you are obsessing with ignoring things and just searching for how to blame tenant for anything/everything and defer any responsibility at all including discovery of the actual root cause.     Your making yourself look like a slumlord more n more. 

I told ya, get a drain professional out there. Plumbers are not drain guys, or I should say very rarely are they. Sure plumbers can do it, but it's not what they really do, so call a drain guy. If the stool was the issue that is a plumber thing and you said he cleared that already, ok, so it's a drain line issue. So, bring out a the pro's for that and find out what's wrong. It's just that simple. 

i already said 2/3 times that I give it 80%+ odd's it's some form of flushable wipes down there that have made a near blockage.     So what if it was fine before, that's how literally everything works on a home. The roof is fine until it leaks, decks are fine until they are not, things wear out, line blockages don't happen overnight they most often are buildups over time until the result IS seen overnight. 

As I said, get the drain pro's out there, scope the line, find out what it is, then have em clear the line. They wont just snake it which doesn't necessarily clear a line, they will clear it. That is unless it's something that can't be cleared like say a cast iron hunk jutting out, rare but it can happen. 

But blaming this on toilet paper in childish, and getting real old. Go to the home supply shop and look at a 3" line, just look at one, you tell me how much TP a person would need to put down to make a clog a plunger couldn't clear. Repetitively. 

it's OBVIOUS that something happened and my bet is exiting tenant, vendors who were in, or this new tenant but your NOT gonna know who or what until you get it scoped and find out what the impaction/build-up is and from visual a guesstimate of how long it's been down there. 

I had a similar issue, we scoped it and saw faces looking back at us, lol. Pulled almost half a dozen action figures and small dolls out of there. Current tenants had no kids. Tenants who just left did.     


Previous tenants had no kids this one does so I will do a scope  


Are they young kids still in diapers? Using wipes? If flushing those wipes, oh-yeah, that'll do it. That'll do it real fast. 


 No they’re older, I would say 4 and 6 years old 


 I bet you they’re wipes then.