Hello BP Team…We have a contractor that left after the 2nd Draw and stole materials.

You should already have a Lawyer on the team who’s also doing that from his or her office as well. 

We are a team of 3 and we handle all of Northern NJ, Manhattan and Brooklyn. 

However, terms are negotiated specific to each project. 

@Tom OchiengI would reach out to a real estate attorney for specific advice on this situation since you already have one tenant who is being difficult.On a side note, when I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.

CPAs often advise against pursuing this designation unless the time commitment and documentation are robust, as failing to qualify can result in IRS audits or penalties.The 500-hour rule pertains to material participation in specific real estate activities or businesses.

- Usually a 5 unit with a boiler means that all the units share the boiler heating system.Which specific utilities in which units are paid by tenants vs shared?

@Aishan Gonaduwage what specifically have you read, and how OLD was it, about Detroit being on the decline?

If they’re late a third time, you have a strong case for eviction for habitual non-payment—without risking the tenant showing up at the 11th hour with the money.For your specific circumstances, with only a partial month behind, I would guess there is a decent chance they can come even on rent and it would be a waste of your time.

When faced with scenarios like this, it's tough to answer such a specific question with limited information.