All Forum Posts by: Sam Va

Thanks! This is about Texas.

Regards!!

Dear Experts - My tenant paid her rent 15 days late. According to the agreement, she is also supposed to pay a penalty of $200 ($50 fine + $150 for $10 per day). However, she has not paid this additional $200 by the next rent due date. Given this scenario, how do we calculate the penalties, and how much does she need to pay in penalties by the next rent due date? Thank You!

Do we need to show late fees, check bounce fee etc as earning?

Thanks!!

Do we also need to share late fees, check bounce fee etc?

Thanks!!

Ok, thanks!

Do we also need to share late fees, check bounce fee etc?

Thanks!!

Thanks Sean & Basit!!

Hello Experts - I'm new here, just started renting my property. I have a couple of questions and would appreciate if someone can help:

1. We lived in our rental property until August 2023. Regarding Tax, Insurance, and Mortgage Interest, should we report these items only after we moved, and property was available for rent? Or can we claim these all items for entire 2023?
   
2. We have had several repairs done to rent out the property and we did not collect payment receipts for those repairs. Can we still claim those repairs without receipts? We might have some details where payment was made using credit card or check but not for all the repairs.
3. Does HOA dues have anything to do with return filing in general? Can we claim it?
4. Thanks in advance!!