
9 November 2016 | 19 replies
Same with closet doors, off the hinges half the time in rentals.So replacing screens can get old (but you can offset the deposit as it is hard to dispute a missing or broken screen).On the bright side, if you go to the big box store, they sell screen making kits (e.g, I don't bother looking for pre-made screens in just the right size or overpaying a window store to make them); the kits can be helpful for landlords.So you buy the kit, some screen mesh (this is more expensive, but buy a big roll if you will be in rentals for the long haul), and you will need a hacksaw and a little screen spline tool (a little roller).

7 November 2016 | 8 replies
At this stage, you DON'T have enough equity to be ready to do the Refi part of the BRRRR strategy, but hopefully your own income will allow you to SAVE for a 3.5% deposit for an FHA-approved Loan for your NEXT primary.The difference is, you're NOW more knowledgeable about what it takes to be able to Refi all your deposit back again for NEXT time (eg. if your next one also appraises at $70k, you need to have no more into it than $49k (70%), including your deposit. ie.
13 November 2016 | 27 replies
Out of curiousity, do you offer sellers a non-refundable deposit for taking THEIR property off the market?
7 November 2016 | 10 replies
Do you charge an extra deposit?

10 November 2016 | 18 replies
I allow tenants to direct deposit their rent as well.

24 May 2020 | 6 replies
Do not under any circumstances deduct the cost from their deposit if they are staying as tenants.

7 November 2016 | 7 replies
I am completely hands off and my involvement is receiving the monthly deposit and giving my input on any expense $300 or greater.Remember that the property manager works for you.

7 November 2016 | 2 replies
The prepaid rent security deposit would be a credit to the buyer otherwise the tenant would be staying for free when you take over the property

7 November 2016 | 2 replies
Currently, we use a property manager (and subsequently their merchant bank account) to manage our finances, which gets deposited into our Bank of America account.I'm thinking of setting up a local business checking account, but of course, the major banks that we have out here in California (namely BofA, Chase, etc) have no presence in Pittsburgh.Does anyone have any good recommendations for a local Pittsburgh business checking account?

9 November 2016 | 5 replies
., 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.)