![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2452278/small_1677611170-avatar-tyreekk.jpg?twic=v1/output=image&v=2)
21 February 2023 | 5 replies
I have been going back and forth in my mind about how to go about rehabbing BOTH units of a duplex with tenants in the upstairs unit.I thought to commence the rehab on the bottom, offer them to move into it once remodel is done (with no increase to rent for the remainder of their current term) then rehab the top unit and move in - OR - rehab the top unit while they live inside, for a decrease in rent for the duration of the construction.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/182868/small_1621431577-avatar-shooter5401.jpg?twic=v1/output=image&v=2)
8 January 2015 | 17 replies
All payments made by Tenant to Landlordafter the tenancy commences, no matter how designated by Tenant, will beapplied as follows: first, to any outstanding amounts due for damages/repairs,utilities etc.; second, to any outstanding service charges and fees from priormonths; third, to any rent outstanding from prior months; fourth, to anyservice charges or fees due in the current month; and lastly to the currentmonth’s rent."
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/141384/small_1694556709-avatar-olguy.jpg?twic=v1/output=image&v=2)
24 November 2019 | 15 replies
Tenant acknowledges that Landlord, or his agent, upon commencement of tenancy at the above described premises, has installed or caused to be installed __________operational smoke detection/alarm device(s), __________operational carbon monoxide detection/alarm device(s), __________operational combination smoke/CO detection/alarm devices and has shown Tenant their operation.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1503949/small_1694890776-avatar-abelg12.jpg?twic=v1/output=image&v=2)
2 June 2020 | 3 replies
Im a little confused on prorated rent, I'll be grateful if someone can reconfirm this for me.Example Commencement date June 13, 2019 and Expiration date June 30, 2020prorated rent: on or before July 1, 2019 is 1,218.22The rent is 2150.So basically, once the tenant signs the lease the he owes the security deposit of 2150 and the rent of June of 2150.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2367255/small_1695661328-avatar-tashaj23.jpg?twic=v1/output=image&v=2)
31 March 2023 | 6 replies
But what they can probably do is to file a notice of commencement on the property for the work they will be doing.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/138489/small_1621418879-avatar-wigjade.jpg?twic=v1/output=image&v=2)
24 February 2017 | 22 replies
The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016, the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2655372/small_1694638958-avatar-christophers917.jpg?twic=v1/output=image&v=2)
4 April 2023 | 15 replies
Less than two weeks ago City Council stated that enforcement would commence at the end of this month, March 2023.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1091422/small_1621508737-avatar-peteh20.jpg?twic=v1/output=image&v=2)
3 September 2020 | 8 replies
We are 90.2% pre-leased for Fall 2020 (ahead of this time last year – 88.0%) and will begin collecting rents for Fall 2020 in May (we require tenants to pay 1-month in advance and contracts commence in June).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/855605/small_1694852643-avatar-dominict6.jpg?twic=v1/output=image&v=2)
8 August 2018 | 9 replies
So you can do Oakland open houses 2-4, then commence to drinking beer and hanging out right after.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/941288/small_1694565296-avatar-maryjay.jpg?twic=v1/output=image&v=2)
1 April 2023 | 47 replies
In every case the Client signs the contract for the project, and deposits the entire amount into our Client Trust Account prior to any work commencing.