Ravi Kiran
Arizona Tenant - Not paying Rent, Not Communicating
9 September 2024 | 4 replies
Few more points:Their lease is valid till May 2025.This is the first time she even told me about mold.In the email she did ask me to settle the lease.I have a little less than a month of rent as security deposit, which I am ready to settle without any additional penalties for abandoning the property.At this point I am okay with her leaving the place, just I want to get the control of the property back to fix the mold issue.History:1) Recently the AC has been replaced and after that there was some intermittent issue with the installation (temp doesn’t reach target intermittently) and I had to call the tech back 5 times to finally get it resolved.2) Also last month I replaced electric range with Brand new Electric range.3) Two months back she said the refrigerator was leaking, I asked her to send picture of the make and mode of the refrigerator, but I never got a reply back.4) Also for last 4-5 months she has been asking me to send her 5-day notice so that she can claim reimbursement, I was sharing a document and she was paying the rent a little late.
Michael Gonda
Starting out as a private investor
9 September 2024 | 12 replies
Develop thorough underwriting standards, leverage your network for marketing, and streamline your documentation process.
Chelsea Schaefer
CPA causing confusion on STR rules - HELP!
9 September 2024 | 8 replies
The current document you probably want to look at is this:https://www.irs.gov/publications/p925#en_US_2023_publink1000...Generally, the passive activity loss for the tax year isn’t allowed.
Miguelli Fernandez
Final Steps before commiting to my first out of state rental.
13 September 2024 | 50 replies
Your exposure to risk varies based on your honesty, ability to document, and your location (e.g.
Natalie Stokes
Mortgage under deceased ex spouse
9 September 2024 | 5 replies
My ex still refused to provide financial documents so I could file on my end correctly in 2022/2023 while still legally married.
Deangelo Mack
Estoppel letter/ Certificate
7 September 2024 | 8 replies
The idea is it’s a signed document from the tenant saying they pay $$ per month and have $$ in deposits.
Jarvae Everett
Tenet Occupied Properties
7 September 2024 | 5 replies
The seller can provide all the documentation in the world, but you really have no clue if they are making it up or not.The best signal I've been able to get regarding whether or not an inherited tenant is "good" or not is how well kept they keep the house.
Barrett Dunigan
Upset Sale in Montgomery County, PA (with a side of intrigue)
10 September 2024 | 28 replies
If you read about transfer taxes at the PA Dept of Revenue website, you should be able to find a document with a table where you would look up that factor.
Dani Rodriguez
Construction Worker Looking to Break into Fix and Flips – Any Tips?
9 September 2024 | 14 replies
But the best ways to get started are, in my opinion: 1) save up enough for a 10-20% down payment and then save a lot more on top of that for reserves, overages, and any unforeseen repairs. 2) have your financial house in order and have credit above 700 to get more favorable rate and terms from lenders. 3) speak to a loan officer that is experienced with fix and flips and get the necessary documents together for a pre approval (typically not much required, usually a valid ID, LLC docs if any, and two months of bank statements showing funds for down payment and reserves).
Joel Rivera
Property Management Referrals
9 September 2024 | 9 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?