DJ Wilson
Keep Security Deposit for Unpaid Rent in California?
15 January 2025 | 4 replies
Repairing damage to the property caused by the tenant or the tenant’s guests (beyond normal wear and tear).Cleaning the rental unit to return it to the same level of cleanliness as when the tenant moved in.Replacing or restoring personal property or appurtenances (fixtures) that were provided by the landlord and damaged or lost during the tenancy.Here's a link to the full California Law: https://www.gowhale.com/security-deposit-laws/california
Bruce D. Kowal
§1031 Exchange QI Selection: Operational Competency Red Flags (Part 2/3)
15 January 2025 | 1 reply
OPERATIONAL COMPETENCY CHECKLIST 📋DOCUMENTATION HANDLING 📑Clean, professional exchange documentsPrompt response to document requestsClear tracking system for deadlinesWritten procedures for identification period complianceSTAFF EXPERTISE 👥Dedicated exchange coordinatorsLegal counsel on staff or retainerClear escalation proceduresContinuous training programsWARNING SIGNS OF INCOMPETENCE 🚩Confusion about basic §1031 rulesUnable to explain identification rules clearlyMissing or inconsistent tracking of key datesPoor communication during critical periodsNo backup personnel for your coordinatorTECHNOLOGY INFRASTRUCTURE 💻Look for:Secure client portalsAutomated deadline notificationsElectronic document storageReal-time transaction trackingCOMPLIANCE RED FLAGS 🚨Suggesting aggressive interpretations of §1031Unwillingness to provide written guidanceCasual attitude toward identification rulesPushing timeline boundariesEXPERIENCE MATTERS!
Michael Mulroy
Rehab and Rent, or Sell?
3 January 2025 | 12 replies
They just moved out and the house needs some cleaning up.
Jesse Valdez
HELP***Week to week tenant eviction
12 January 2025 | 28 replies
No more messing around.If they get out without issue, fix and clean whatever was done and thank your lucky stars you got out with minimal problems.
Christopher Petrillo
Contractors in crystal river Florida
13 January 2025 | 3 replies
Avoid vague descriptions like, “I just want to clean it up, paint, and do some small repairs.”
Donald DiBuono
Mobile Home Park Development
12 January 2025 | 12 replies
I have a vision of building and developing mobile home communities in upstate NY that are vertically integrated to allow future members to choose from a catalog of homes, have them installed, provide them with financing options, and make the process of selecting, buying, and living in the community very smooth.Since this is my first time doing this, I would love to chat with an experienced mobile home developer on the following items:Zoning - navigating the zoning process to allow the community to be allowedStart up costs - I am a finance person who would love to better understand start up costs - septic / electrical / water / pads / roads / etcOn Going Maint Costs - in building our business case, I want to build a conservative financial model to capture all re-occurring expenses - utilities, landscaping, capex, septic clean out, etc.I know this is a lot, but would greatly appreciate talking to someone who is an expert in this asset class!
Fareen E.
Start lease on closing date or the day after?
10 January 2025 | 11 replies
This ensures a clean transition of ownership and responsibility for insurance purposes.
Devin Bivens
Let the NETWORKING begin!
12 January 2025 | 2 replies
I realize that commercial investing is more in-line with my goals, so I have wiped my slate clean and ready to start over from the beginning.
Matthew Morrow
4 out of 5 new tenants evicted or arrested....
17 December 2024 | 16 replies
The worst part is that it's usually way too easy to get your license, and the consequences for these sleazy agents are usually non-existent or not harsh enough.
Keira Hamilton
What I Learned from Owning and Selling a Laundromat – Exploring a Different Asset Cla
6 January 2025 | 31 replies
We had to pay a biohazard company over $9k for a thorough clean up.