Robert Spiegel
Security Deposit Deduction: What is reasonable for cleaning
21 January 2025 | 10 replies
The Only other deductions that I have right now are $154 for unpaid water bill, and $45 for the minor repairs mentioned (doorbell, blinds, shower).Questions for the group:Does $540 seem excessive for a cleaning charge, given the situation?
Melissa Stanley
Starting with a Friend (LLC?)
28 January 2025 | 6 replies
My excess cash flow per year is around $300k in cash, meaning theoretically I could do 6 deals, but in order to make that salary (HHI $722k) I need someone with the time to do the repairs and manage the tenants.
John Zhang
Is there a dollar limit on how much we can use real estate depreciation to offset W2
30 January 2025 | 3 replies
However, be mindful of the Section 461 business loss limitation, which could restrict your ability to deduct excess losses in a given year, depending on how your rentals are reported.This post does not create a CPA-Client relationship.
Bryan Zayac
Residential Development Costs
17 January 2025 | 2 replies
On one project we did we proposed 36 highway accesses and were denied as been excessive.
Susan K.
Q on deferred salary to a Solo 401K
30 January 2025 | 4 replies
To reduce FICA liability, consider maximizing profit-sharing contributions instead of excessive salary deferrals.
Makan A Tabrizi
Nail/Screw Holes in Walls
22 January 2025 | 39 replies
The same goes for an excessive number of small holes, like a single wall with 40 nail holes.
Dan Shallcross
Eviction process with a VA loan
23 January 2025 | 3 replies
I don't know what they are but unless there's something in the city that requires that kind of notice, it sounds excessive to me.
Account Closed
Property managers allowed unsupervised showings, resulting in theft
17 January 2025 | 5 replies
There are several other issues (undisclosed maintenance markup fees, excessive charges to our account, significant reductions to agreed rent without communication, etc).
Brook Burns
Tenant Security Deposit Escrow Account
29 January 2025 | 9 replies
When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.
James Wise
Failed Leadership is why California is on fire.
23 January 2025 | 165 replies
The new released estimated total of the effected areas is now in excess of $250 Billion.