Account Closed
PM needs ss#
22 January 2025 | 14 replies
If you hire someone typically they are the ones providing this information, but if someone is paying you, then yes they need this information for tax purposes.BTW - I would say your SS# has been hacked so many times and is on the black market already this is why we monitor ours through other parties or just lock it down at experian and other agencies if you are concerned about it.
Chris Summons
Contracts for Sub Contractors to Sign
14 January 2025 | 4 replies
Scope of WorkThe Subcontractor agrees to perform the following work (“Scope of Work”):Detailed description of tasks and responsibilities.Exclusions: [List any exclusions here].Materials to be provided by: [Contractor/Subcontractor].Reference drawings or plans: [Attach if applicable].2.
Noah Laker
TAXES: Divorced client wants to sell
17 January 2025 | 3 replies
Is her goal to be nice and provide some of the gains or reduce her taxes by trying to split income between her and her ex?
Angelo Llamas
Paying for the utilities
29 January 2025 | 4 replies
My suggestion would be to cap your utilities at a certain amount and have Tenants pay anything over that amount.That will help you manage your expenses, and also allow Tenants to gage their usage each month, and make adjustments if they don't want to go over the allotted amount.As far as collection, provide the bill showing any overages and just have them pay for it along with their rent.
Alex Houser
Foolish to buy office building?
18 January 2025 | 8 replies
As others have stated, you have not provided enough information to determine whether this is a good deal or not.
Joel Florek
31 units in 30 months at age 24, $70k Annual Cashflow
9 January 2025 | 116 replies
Thank you for taking the time to provide the details and the pro forma #'s.
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 13 replies
This service is provided by several authorized 3rd party companies.2024 update: If you file more than 10 1099s, you MUST eFile them now.Here are some of the online 1099 filing companies, and you can easily find others:tax1099.comWageFiling.com1099online.comThese companies charge under $5 per form.
Jonathan Small
50% Rule vs DSCR > which do you use to calculate a good rental
15 January 2025 | 4 replies
With the numbers you provided above, you will have to ensure you have healthy reserves.
Jackie Constantine
Does anyone know of resources for buy/manage extended stay hotels? Thanks!
17 January 2025 | 1 reply
Thanks for any help you can provide!
Roger Creekmore
First time home buyer - house hacking with a heating problem. Mini splits? 3rd unit?
30 January 2025 | 2 replies
Happy to provide more info or photos.