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7 February 2025 | 2 replies
Agreed - plus two additional thoughts:1) I always recommend having your CPA also review the drafted operating agreement for the tax issues.
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7 February 2025 | 8 replies
Additionally you can always write in what was done to correct it and explain that since then you no longer had issues.
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7 January 2025 | 4 replies
.: In a prior post from about 2 months ago, Kerry Malarkey and Nathan Gesner mentioned a small landlord is exempt from FHA requirements requiring the acceptance of emotional support & assistance animals if one of the following is true:"Owner-occupied buildings Properties with four units or fewer that are owned and lived in by the ownerSingle-family homes Homes that are sold or rented without a broker by the owner, as long as the owner doesn't own more than three at once" (Quote from Nathan's reply))https://www.biggerpockets.com/forums/52/topics/1219359-pitbu...Given this, if a landlord does qualify for the exemption, what exactly does this mean?
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7 February 2025 | 4 replies
Despite this, I have tried to be patient and haven't initiated any eviction proceedings, even though Hawaii Tenant Law allows me to issue a "notice to pay rent" after just 5 days of delinquency.I've heard that if you're having issues with a military tenant, you can contact their commanding officer to help resolve the problem.
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6 February 2025 | 5 replies
I'm not a lawyer and this isn't legal advice but I wholesale in 7 different markets and my LLC is just in one state and I haven't had any issues.
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5 February 2025 | 5 replies
I am not aware of any issues with using third-party screening services.
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5 February 2025 | 2 replies
So many variables can turn a deal sideways from 1 hour to the next - i.e. inspection findings, title issues, contracts, financing issues, taxes, dept. of buildings/local municipalities, etc.I'm glad to hear you made it through the challenges, and it sounds like you'll be able to leverage this experience as you grow your portfolio.All the best to you along your journey!
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6 February 2025 | 4 replies
Quote from @Don Bessette: I have a 30 plus year tenant that can not keep up with maintaining their unit, it is filthy inside and in desperate need of renovation, all systems are in good repair and I respond very quickly when issues are brought to my attention.It is also well below market rent, and they struggle to pay the current rate.Looking for suggestions on how to gently proceed with the notification to move.
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29 January 2025 | 3 replies
4.Tips to avoid similar issues in the future?
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12 January 2025 | 7 replies
If it is a normal occurrence I would be concerned, connect with local boots on the ground before doing anything out of emotion.