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5 January 2025 | 5 replies
Has anyone ever made a "Homeowner's Manual" to give to the tenants with key information/explanations on things about the house?
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18 January 2025 | 11 replies
We’ve made the decision that neither of us want to deal with an after hour emergency call from a tenant so we use a PM company.
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13 January 2025 | 9 replies
@Andrew Rodriguez That statement you made , and that alone would tell me to run away .
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8 January 2025 | 4 replies
Made sure to check the ledger and T12 to ensure that the tenant was qualified correctly before purchasing the property.
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13 February 2025 | 248 replies
Hey James, I have a simple log book / spreadsheet I made for clients that maybe helpful to you.
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28 December 2024 | 12 replies
In a perfect situation, the payment will still be delayed (even if by hours) using this additional system.And secondly, many of these vendors have "clawback" provisions where, in their terms of service, you give them permission to go back into your account - even weeks after the fact - and reverse a deposit that was made by your tenant.My system is simple, allows for tenants to pay through multiple means, and does not cost me anything extra.
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21 January 2025 | 14 replies
I recently did one where the lender did allow it but that was because of our position as a great customer of the bank and our impeccable credit record.
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9 January 2025 | 11 replies
But I would urge planners to consider that the Sec 263 regs they rely upon for the justification for not expensing remodeling costs is actually an exclusion section which prohibits deductions under pspecified circumstances that being that the amount was: "paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate."
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11 January 2025 | 7 replies
Be sure to follow all formalities, such as sending via certified mail if required.Transfer Rent Payments: Notify tenants in writing that rent payments should be made to the new property management company moving forward.
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8 January 2025 | 11 replies
Has anyone else made the leap to in-house counsel for property management or other legal needs?