He stated that although there is little he can do, he does notify the individual that unless he meets his obligations or at the very least the repairs, he will submit a 1099 for the tenant to the IRS and let the tenant deal with the IRS.Although I am not one to desire vengeance on someone who abandons leases, I certainly would not want to own many units in a complex and have a reputation as a pushover contractually.My question is a) has anyone ever heard of this or used it and b) if so, can someone explain how that could be argued as income worthy for a 1099?

His lease expires on the first and the rent on the new lease goes way up. ( I inherited this one when we bought the complex.)

The complex was built in 1974, consists of 5 midrise 3 story condo structures and 9 villa buildings with 3-4 units per.

Arnie Guida I have a guy that works full time doing maintenance at an apartment complex.

There's a huge complex going in for student housing by the University.

When pitch concepts are complex, usually a teaser is used to gain initial interest.

I would say 92% isnt too bad after all banks will finance any large complex with that as a vacancy ratio if the rest of the deal makes sense.

The efficiencies that exist in the institutional income products like large apartment complexes and regional shopping centers with onsite management don't exist in the SFR's market.

One of the Fed qualifying rules has to do with the financial reserves of the association and another rule has to do with a limitation on rental units in the complex and number of units owned by a single entity.

I did have the desire to look into buying a multifamily complex.