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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.
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18 January 2025 | 4 replies
It would be like if someone prepared to sell by painting to create fresh visual interest, but chose fuscia and lime green...those colors would certainly catch the eye but I'd never claim that they overdid the curb appeal by painting with too much visual interest.
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5 February 2025 | 29 replies
Again, that is my opinion, and I'm sure others will claim they are truly turnkey.A turnkey operator finds or builds a property.
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24 January 2025 | 10 replies
People claim that 1031 investors over pay all the time just to avoid taxes.
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15 January 2025 | 12 replies
However, proving material participation with a full-time job can be challenging, especially if tasks are outsourced, as the IRS scrutinizes such claims.
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28 January 2025 | 20 replies
If it is only one flip for now, I suggest you find a CPA just to advise you on State filing requirements, ensure you are claiming all write-offs and issuing 1099s, etc.
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13 January 2025 | 11 replies
This may be needed to protect you from claims later.4.
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15 January 2025 | 15 replies
They can't keep claiming they don't have time to find a place to stay as they've had time.
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21 January 2025 | 10 replies
@Robert Zajac pretty sure BRB charges less than an 8% management fee, so just as @Nathan Gesner states, they are making up for being below the "industry standards" by charging more elsewhere.BE CAREFUL about PMCs that claim they don't charge a markup on maintenance - TIME IS ALWAYS MONEY!
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18 January 2025 | 8 replies
You can try small claims court, but nothing is enforceable, so it is mostly a waste of your time...and some of the problematic tenants know this.I agree with Jill, if they do make payments, take cash or money orders-no cheques.