13 May 2024 | 4 replies
More than four months rent were lost between missed rent payments and legal fees to evict the tenant.The next tenant was much better, but had frequent complaints regarding legitimate problems: -bathroom sink hot water knob that didn't work-rat urine smell coming from the vents-water leakage from the toilet(I understand that problems occur, particularly with properties of this age, but it was surprising/disappointing considering I paid Ohio Cashflow $64.9k for a property they bought for almost half the price, then, even after having done improvements, still required frequent repairs.)3.
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13 May 2024 | 16 replies
If you ever get sued and want to use the business as a legal shield, having a separate business account that doesn't co-mingle with your personal funds will be important when it comes to the determination of whether what you have is a business or a personal hobby (though there are certainly lots of other aspects of this you need to investigate as well).
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11 May 2024 | 4 replies
You cannot carry the weight of your residents' issues on your shoulders.
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13 May 2024 | 9 replies
I'm kind of torn on what to do.Let her know you have an obligation to the entire association and renters to keep the property safe and free from crime and noise issues.
12 May 2024 | 7 replies
@Jackie Linne Each LLC is considered a separate legal entity for tax purposes, and therefore, each LLC must have its own EIN.
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13 May 2024 | 1 reply
I see this section:"If the address of any record owner is not located in the county in which the dwelling islocated, the name and address of a person who resides in the county and is authorized toaccept notices from a tenant, to issue receipts for those notices and to accept service ofprocess on behalf of the out-of-county record owner(s) is as follows:"What am I supposed to do in this case?
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14 May 2024 | 6 replies
Often in smaller deals one needs to be able to determine approximate costs, likely issues, and determine and approximate value quickly while larger projects can be taken more slowly.There is an element of creativity as well.
15 May 2024 | 21 replies
Legally she's just a roommate anyway.Just don't combine 'partners' and a househack 👍
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13 May 2024 | 9 replies
There are other companies as well, but the other issue you will run into is companies that promote themselves as Turnkey providers when in fact they either represent other companies properties or they introduce you to actual providers for a fee.
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13 May 2024 | 11 replies
Seems that suddenly, a technical - and permanent - issue with "Youtube's platform", now prevents VRBO from allowing the videos.