All Forum Posts by: Robert Vorhies

Hi,

I am looking for a duplex or quadplex in Arizona.

Does anyone know of any?

Thank you for your help

Robert Vorhies

So I just found out that my tenant has 2 cats. He has been here for about 4 years.

What should I do?

I have in my agreement that there are are no pets and he would inform me if he has one.

What should I charge him?

Pet rent or deposit?

How much is fair?

Thank you for your help

Robert Vorhies

That what I would figure, but it's to go the check list.

thank you

@Jane Skulstad

That's a good point about the section 8.

Thank you.

@Doug McVinua

Thank you for that.

That is also a good point about the deposit.

Does the previous landlord give me the tenants security deposit or does that come out of my pocket?

@Bob Okenwa

It's month to month.

I need to renovate both the units.

Them leaving was kind of what I had in mind.

I am look to purchase a duplex in the city of Mesa Arizona and the currently tenants are only paying $500 and $600 per month. The going rate for the area is about $1100-$1300 per month.

when I purchase this property can I give a notice of increase of rent after 30 days or does the city of Mesa have a some form of rent control? Or is that just bad form to double the tenants rent?

thank you in advance for your help.

@Julia Rockwell

Congratulations on your purchase.

@Rich Hupper If you are have losses with a company or it's brand new the s Corp is great because it's a pass through entity. Which means gains and losses from the company will go to you personal tax return. My friend has a s Corp and the company was making a lot of money that passed though to his personal tax return, he had to pay the IRS about $30,000.00. The best thing is to talk to your CPA and attorney for tax advise. I structured my company so I could have the company pay for medical insurance and other things to get the deduction, but that was per Affordable Care act. It just depends on what you need. The s and c corps are just tax structures.

@Aram V. Both time I went through a broker that found the loan. First loan was first Franklin then it was sold to countywide. This year I went through fairway mortgage broker and that was sold to US Bank.