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28 April 2020 | 5 replies
Like the healthy 26-year-old mother of three that worked on the side and was paid in cash so she wouldn't lost her benefits that paid $1,175 of her rent on a $1,200 townhouse that none of her friends could afford despite working two jobs, yet she was still consistently late with her $25 portion of the rent, then she got knocked up by the boyfriend living with her unbeknownst to us and HUD, and when I finally managed to catch her and get rid of her, she left $4,000 in damages.
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27 April 2020 | 19 replies
We've had the stimulus we have had PPP loans EIDL loans, our phones have been ringing off the hook with questions about it people who aren't our clients are asking for help so chances are if they were cold or distant all they might just be a little stressed out.As for the due date I can tell you my firm we default our due date to the latest the IRS allows us to pay this is simply because most clients do not want to pay prior and setting up and auto debit allows them to keep the money in their bank longer.This year we've noticed several returns get hung up in the IRS system and just saying processing I have one that we filed on February 15th that is still saying processing and we can't get a hold of anybody to find out what's going on.You are making an assumption that the assistant dealt with everything they may deal with communications for the accountant so that way they can work on physical work on tax returns.
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7 May 2020 | 6 replies
I'm a 20 year old engineering and physics student at St.
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28 April 2020 | 5 replies
We decided not to deduct for damages as the starting condition is really only known to the tenant.
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28 April 2020 | 2 replies
Hi Bret,As an agent I can tell you that there is not much you can do as far as physically going to the property.
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11 July 2020 | 34 replies
There was another incident after that where the same tenant supposedly locked himself into a garage and ended up damaging the door lock.
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29 April 2020 | 10 replies
$5k in lost rental income, $1500 in legal fees, $2k in damage to get it rent ready again.
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29 April 2020 | 4 replies
The true economic (possibly physical) vacancy rateTo hedge this, I'm stress testing deal analysis with 10-15% (at least) off the ARV and rents and doubling vacancy.
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30 April 2020 | 14 replies
@Jeffrey Rittenour Great advice thank you I will look more into another type of loan other than the HFA loan due to not wanting to commit a crime buying property that I am physically not living in