Paulette Midgette
A Contractor I Would Not Recommend
17 January 2025 | 12 replies
Paulette, it is good to call out these bad contractors and unfortunately you are caught in a bad situation on what to do, start by a small threat that you will contact the BBB and report a claim if he does not show some progress, or if you know an attorney, maybe a simple letter from one may get him worried and he may start showing up.
Dominic Holt
Property Management Recommendations AZ?
31 December 2024 | 10 replies
Afterward, the tenant reported the same issue.
Luis Cerwin
How long should I give my PM to Rent a Unit before changing PM?
20 January 2025 | 14 replies
- We send bi-weekly reports with: Webhits, inquiries, showings scheduled, showings completed, list of applications and status.6) How often has your PMC discussed price reductions?
Scott L.
Where to advertise/post a 44 property SFH portfolio for sale?
8 January 2025 | 4 replies
We have QuickBooks reports going back for 10 years as well that we are posting to this private investors portion of our property management website.
Nicholas Haubner
4-family to 5-family with owner occupied unit
4 January 2025 | 5 replies
When you go to sell, Montvale requires a certificate of occupancy so this issue has to be resolved in advance of a sale.Although I am not a lender, I assume you will not be approved for an owner-occupied mortgage on 5-units if it is a legal 4-unit without some type of mortgage fraud whether in reported rents, units, or another legal document or representation (very very large issue from a legal perspective with multiple arrests in the last year for anyone playing fast and loose).As far as the DCA, I would recommend coordinating your work with the city with the DCA.
Account Closed
Landlord insurance claim
26 December 2024 | 1 reply
Guy who inspected gave some report asking to fix the issue on roof and if it’s not addressed they will terminate policy by January,15th.
Travis Hill
WHERE/HOW DETERMINES PROPERTY CLASS (A, B, C)?
23 January 2025 | 21 replies
You can even look for police reports in that neighborhood.
Angelo Llamas
Taxes on a new rental
30 December 2024 | 6 replies
You'll be tagging transactions throughout the year with categories that fit the Schedule E so when tax time comes (if you stay on top of it) every deposit and expenditure will already be categorized and it's quick to create the Schedule E and/or run P&L reports any time you need to.
Chris Magistrado
Digging Into the Justice Department’s Lawsuit Against Major Landlords
12 January 2025 | 8 replies
Most states require them to produce a report with that data to give to the client.So why is having an algorithm look at the rental data illegal, but an individual person look at the data not?
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
Then there were some issues with the inspection report that ruined 3 contracts prior to me getting involved.