Also, don't forget to keep copies of all receipts, invoices, and checks!

If invoices are paid by January 25th, they should be collecting fees and preparing everything for a payment on the first business day of the following month.There's also no reason to give the tenant the entire month to pay rent.

Keep electronic copies of your invoices and receipts and make sure your are running everything through a bank account designated solely for the rental.

(Invoices sent in to allow the insurance company to reimburse us for our expense) It’s been five months since our final invoice, and yesterday, our contractor called saying they came across some invoices that they had missed that needed to be paid.

My October invoice arrived on Saturday and contains invoices for over $1,200 of repairs, fixes, and replacement (property rents for under $800 / month). 

Usually the terms of our loans are from 6 -12 months with extensions available.Some of the docs we like to have when lending on these deals to make sure everyone is on the same page:- purchase contract (has the terms outlined)- "Detailed" Scope of Work (From Contractor, legible, preferably on their letterhead/invoice)- Comparative Market Analysis (From Realtor or Broker)- Itemized Rehab Estimate (price breakouts for what’s to be done)Hopefully that helps a little!

We initially thought their work was part of what we paid the abatement company for, but upon reviewing the abatement invoice, we believe we still need to pay the dry-out company.

Doing the year end taxes,  it was like pulling teeth to get invoices from her and bank statements from her. 

Louis experience:You received a high three-figure invoice from MSD or a call from Medicredit about outstanding sewer chargesSomebody stole your copper pipesSomebody stole your A/C unit because there was no cage on itYour contractor split with your down payment (if that happened PM me for a recommendation)All of the above except #4 have happened to me (multiple times).

After that, you take your original invoices or whatever proves that they owe you and won't pay, to the recorder of deeds and pay 75$ to get the lien.