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14 July 2024 | 5 replies
Future Rights: It is common for leases to either:Cover existing tenants and equipment: This means the lease covers only the equipment and tenants on the tower at the time of the sale.Include provisions for future tenants: Some agreements might allow for new tenants and equipment to be added, potentially impacting the compensation.Lump Sum Payments: When a lease is sold for a lump sum, it often includes a transfer of the right to collect future rents from existing tenants.
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11 July 2024 | 1 reply
.- Tenant Relationship Management: Property management companies act as intermediaries between landlords and tenants, handling rent collection, lease enforcement, and tenant communications professionally and diplomatically.- Legal and Regulatory Knowledge: Property management companies stay updated on local landlord-tenant laws and regulations, ensuring that all aspects of property management, including tenant screening, are conducted in compliance with legal requirements.In conclusion, tenant screening is a cornerstone of successful property management, contributing to tenant satisfaction, property upkeep, and financial stability for property owners.
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16 July 2024 | 33 replies
We had a few where we had to wait until rent assistance kicked in (and don't get me started people driving a Porsche and collecting rent assistance), but in the end we were whole.
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12 July 2024 | 12 replies
If you could see an optimal layout, then perhaps you could pick and buy your own furniture if you knew the inventory needed.
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13 July 2024 | 13 replies
Few and far between.You can always find someone willing to collect rent for a fee.
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14 July 2024 | 11 replies
I would never do that / why not broker the loan and collect a fee upfront.This is also super sketchy as no legitimate hard money lender would lend to someone who is going to lend the $ and not own the property
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13 July 2024 | 24 replies
Fair Debt Collection Practices Act (FDCPA): This law applies when a debt collector contacts a borrower on behalf of the bank.
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12 July 2024 | 19 replies
Could anyone please advise how I should start the eviction and collection process?
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13 July 2024 | 10 replies
This can easily result in a situation where some states never collect tax revenue and other states collect more than they deserve due to mis-allocation of passive losses.For NC, it doesn't appear that the state tax code addresses this situation."17 NCAC 06B .3904 TAXABLE INCOME OF NONRESIDENTS AND PART-YEAR RESIDENTS(a) Nonresidents and part-year residents shall prorate their adjusted gross income, adjusted as required under G.S.105-153.5 and G.S. 105-153.6, to determine the portion that is subject to North Carolina tax.""
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13 July 2024 | 3 replies
Quote from @Scott Mac: iPhone (Even though I miss the candy bar phones). my first mobile phone was one of those in a case :) Also in our day with note collections borrowers would send in their check along with the payment book..