
20 November 2024 | 9 replies
If they fail to pay, then you can consider taking them to small claims court or filing with a collection agency.

18 November 2024 | 13 replies
Not sure what the interior will look like, but hopefully you have photos of prior to occupancy, so that you will be able to claim against their security deposit, and a judgement for past due rents and any damages

21 November 2024 | 6 replies
That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

15 November 2024 | 1 reply
Smart cameras like **Ring** or **Arlo** can be a good option, and you can hide the recording box in a locked area for added security.

22 November 2024 | 1 reply
Financed by securing debt on a different asset in our portfolio where we could get the best terms given the rising rate environment.
22 November 2024 | 3 replies
Security deposits have been paid by the resident family half of the time and the relocation company half the time.

22 November 2024 | 12 replies
I personally recommend working with a CPA who prioritizes integrity and accurate tax return filings, so that if you're ever audited, you won’t face back taxes, penalties, or interest.

25 November 2024 | 12 replies
Yeah if you choose more security over less work, then having multiple accounts seems to be the way to go.
19 November 2024 | 15 replies
Whether it's mold, COVID, or a non-paying renter, a quality PM acts quickly and decisively to protect people, property, and the landlord.If you feel the PM was negligent in their response, you can file a complaint with the state commission.

21 November 2024 | 2 replies
You are required to file a complete and accurate return, which means reporting the income that you earned along with atleast the direct expenses that you incurred on your rental.There are two comflicting forces - Your tax accountant wants to be aggressive with deductions because it will entitle you to paying less taxes(now or in the future).Your lender wants to see as much income as that will increase your Debt to Income Ratio(DTI).The good thing is that you can speak with your lender about 'one time expenses', that were only incurred in that year and are not reoccuring.