John Underwood
No tax on Tips for Rental Income
31 December 2024 | 12 replies
You'll end up in court with a lease agreement that says rent is $1, and the recommended tip is $1,999.
Sergio P Ramos
New development pitch.
12 January 2025 | 20 replies
Where I am, for example, I might contact Windsor Aughtry or KB Homes.
Drew Sygit
A Logical Way to Understand & Monitor Your PMC's Maintenance Charges!
26 January 2025 | 2 replies
Even the best property management companies (PMC) struggle with:- Finding reliable handyman and contractors (ServiceTechs)- Same with affordable ones- Tracking preventive maintenance- Tracking previous work for potential reoccurrence warranty coverage- Understanding tenant reported problems, so the correct ServiceTech can be dispatched- Determining if tenant is at fault for an issue & should be charged - and will proof stand up in court?
Jordan Laney
PM changed the utilities too early and now we're stuck holding the bag
8 January 2025 | 38 replies
The real issue is that they didn’t have a plan to monitor usage or set up protections to minimize costs during the eviction process.Ideally, the PM could’ve done things like:Limit access to unnecessary areas to reduce power use.Install smart thermostats to keep heat at a safe minimum.Request a utility cap in court during eviction proceedings (if allowed in your area).Bottom line: It’s less about the utility switch itself and more about proactively managing costs once the tenant overstayed.bro what?
Cory St. Esprit
Would you renew?
28 January 2025 | 17 replies
However, their lease is up in two months, so I would only focus on non-renewal for now.In my book, I explain methods for removing tenants without evicting them through court.
Christi Wolverton
Credit card payments declined
16 January 2025 | 6 replies
They still owe the back rent as evidenced by the fact that your resident gave you a credit card authorization.If CFPB doesn't have a solution, then you have to decide if going to small claims court is worth it.
Preethi S.
Difficult Property Management company
3 January 2025 | 8 replies
@Preethi S. why would the PMC give you $4k, especially when they know, as an attorney has already told you, you are unlikely to win in court?
Ashish Acharya
Corporate Transparency Act Update: What Businesses Need to Know
31 December 2024 | 1 reply
The Corporate Transparency Act (CTA), which requires businesses to report Beneficial Ownership Information (BOI) to combat financial crimes, is now facing uncertainty due to a recent federal court ruling:What Happened?
Jim Bryant
Collecting an Eviction Judgement
3 January 2025 | 1 reply
I'm thinking about just taking him to small claims court, can that be done?
John Gillick
1031 leverage question on partial sale
15 January 2025 | 11 replies
The strip of land is utterly worthless to anyone but him but he's happy to pay $450k to resolve everything without the courts input.I retain 100% of my building, 99.999% of my land, and 100% of my existing mortgage.