14 June 2017 | 10 replies
You don't know who the xxx these people are so just plain go in and secure the unit.Tell your PM you want photo's of inside and out and if you have to board up the window's from the inside or whatever you want it done,, NOWthese are tenants they are trespasser they have no rights or claims to your property,, they broke in and you have every right to secure and protect your building.
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21 June 2017 | 3 replies
I have heard of new owners offering $$$ equal to 2 months rent relocation fee to people out in XXX days..
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13 April 2017 | 3 replies
"Mr seller, instead of cashing you out right now resulting in a huge tax bill for you, what if I could give you $xxx per month.
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20 April 2017 | 7 replies
The website does state Fair Market Value is "The price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy and both having reasonable knowledge of the relevant facts."
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28 April 2017 | 21 replies
I typically give my tenants some sort of New Years gift of appreciation, but I rent units at the highest amount the market will support.As for trying a higher amount, simply say you made a mistake and the rent will be $XXX.
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26 April 2017 | 5 replies
If you're doing a fix and flip project, a buy and hold rental, an option contract, wholesale assignment, etc...So, you might consider something like a 50/50 split on any immediate profits or back end profits, but not on everything along the way, or as consideration for whatever he brings to the table, you will pay him $XXX out of your lump sum profits as a consulting fee.
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27 April 2017 | 7 replies
If she's working for you as a general bookkeeper you can charge a portion against the rental property for administration costs.. she gets a 1099You can gift money to her, so she wouldn't owe income tax on that up to the yearly amount permitted and she can then pay you rent.. but then your claiming income right back and paying taxes on that earned rental income..which is like a round robin shooting yourself in the backEX: Family....rental situation that was tax advantage for us for awhile,, we purchased a rental (manufactured home) family member moved in,, we covered cost of everything had a rental agreement for XXX per month,, but they never paid a dime,, we covered everything except utilities, we took no reported rental income, we ran it at a loss for 6 years and was a tax advantage to us in the end.
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27 April 2017 | 5 replies
Send move out statement, that shows the deposit was applied toward the rent for the period of xxx date to xxx date,, any charges for damages are extra, mail out within the proper time period for your state.check you state landlord tenant laws for interest rate you may be required to also pay for the time you had the security deposit in your possession.
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12 June 2017 | 4 replies
Think about it this way, if you were someone receiving mail, would you have a higher chance of reading it if you see your name or a simple, "Dear occupant of XXX property".However, that's actually not the most important point.
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13 June 2017 | 4 replies
Most of the time, the sellers are dead set on receiving a certain price because they need xxx,xxx to purchase their next property or they need xxx,xxx to pay off the current loan, etc.