Brad Collins
BP Lease Clarification - Fees for Complaint for Summary Ejectment
17 February 2020 | 5 replies
Items E, F, and G discuss the items above but give additional qualifying information as to which fee you can charge in which scenario.https://www.ncleg.net/EnactedLegislation/Statutes/HTML/BySection/Chapter_42/GS_42-46.html(e) Complaint-Filing Fee. - Pursuant to a written lease, a landlord may charge a complaint-filing fee not to exceed fifteen dollars ($15.00) or five percent (5%) of the monthly rent, whichever is greater, only if the tenant was in default of the lease, the landlord filed and served a complaint for summary ejectment and/or money owed, the tenant cured the default or claim, and the landlord dismissed the complaint prior to judgment.
Elaine Lam
Trampolines and Swimming Pools and Insurance, Oh My!
15 February 2020 | 7 replies
I know insurance companies are dredging new depths to avoid paying claims, but that's a new one to me.Here are the lease clauses I have:(e) No wading or swimming pools of any kind may be used, set up or operated on the Premises.
Lauren Olson
Should a beginner buy local with lower cash flow or out of state?
18 February 2020 | 37 replies
It's a great way to gain experience with rentals, obtain some Schedule E income to show future lenders, and benefit from the loan pay-down & appreciation even if your cash flow is negligible.If this is your first, you could also face financing challenges related to not having Schedule E income in your history.
Michael Hellman
Cost Basis after subdividing a property
12 February 2020 | 6 replies
This was reported to the IRS on my Schedule E for that year.
Ayo O.
Whose job is it to request judgment lien payoff
13 February 2020 | 4 replies
Even with some HELOCs or small 2nd trusts where no policy is requested, there will still be an O&E provided by title.For refis it is typically the lender that chooses the title company... and yes, the title company should obtain a written payoff from the attorney/creditor.
Eva Jensen
Nervous about making this deal
13 February 2020 | 4 replies
https://www.zillow.com/homedetails/410-410-412-E-Baltimore-412-St-Taneytown-MD-21787/2083419432_zpid/Would anyone be willing to give us counsel on this property?
Jennifer T.
Loud tenants, too much traffic. Any other suggestions?
13 February 2020 | 5 replies
I sent her a last ditch e-mail today.
Claudio Trevisan
How to report rental income in a partnership?
14 February 2020 | 3 replies
Each person puts their 50% on their sch E on their 1040.
Steven Clark
Owner Occupied Book Keeping
14 February 2020 | 4 replies
For rentals we prep the excel spreadsheet to look like a Scheduler's E for each & every property.Complete with a breakdown, off to the side, of all receipts & or capital expenditures.