Ashley Gamble
HELP! Sellers didn't disclose major issues - unrentable and requires massive repairs
1 October 2024 | 5 replies
We also can't have renters dealing with the humidifiers as it is a mold problem/foundation issue if it isn't taken care of.We are taking pictures and videos of everything, we have multiple professionals that have documented everything (and told us to lawyer up) and have neighbors that we have already had agree to discuss their drainage problems when we get a lawyer.
Dustin Oaks
Financing a rental
1 October 2024 | 4 replies
Show Your Financials: Provide documentation of your personal finances, including income, credit score, and any other properties you own.
Adam Rivera
General Contractor & Contractor
30 September 2024 | 1 reply
In my opinion, you want something that will protect you, but is also understandable for everyone signing.Keep in mind that at the end of the day, here in Illinois, the state is generally contractor-friendly in the court of law, so making sure you document everything clearly with payment will protect you against any potential mechanics liens.We have had several projects that did not go perfectly here in Chicago because we overpromised and didn't keep tight enough documentation.
Edward Wylie
Question for Fix and Flippers and Hoarder Homes
4 October 2024 | 17 replies
Document the condition thoroughly for future reference and estimates.If the property is of interest, it’s crucial to have professionals assess potential structural damage, electrical issues, or mold remediation costs.
Sara Kumar
Landlord rights: Tenant's rights to self repair door jambs from wheel chair damage
4 October 2024 | 13 replies
Document before and after with pictures as evidence.
Rong Liu
Anybody uses OneRent Property Management (bay area)
7 October 2024 | 35 replies
I have an attorney who reviewed all my documents and mentioned we have enough evidence pictures/email conversation to take them to court and claim back all loses which I am considering if they don't take care of my case properly.
Warren Barton
Should property manager pay me through my SSN or through a pass-through LLC EIN?
1 October 2024 | 12 replies
@Warren Barton a PMC should pay the legal owner of the property OR that owner's lega representative.If the properties are in your personal name, to have the PMC pay your LLC, you'd need to name your LLC as your legal representative and provide acceptable documentation to the PMC directing them to pay your LLC.They'd then 1099 your LLC via its EIN.
Darren Berg
Estoppel Agreement - Need some ADVICE!
29 September 2024 | 13 replies
I like to hand-deliver it and set an appointment for my first inspection so I can start documenting the condition of the rental from that point forward.
Michael Plaks
EXPLAINED: "Real" cost segregation vs. DIY cost segregation
30 September 2024 | 9 replies
I know the Guide isn't law, but in my experience its not the law that is solely enforced, but also the derivative regulations, formal guidance documents, as well as case law history.
Nida Kazmi
Mid South Turnkey Homes. Should I invest with this Memphis turnkey?
2 October 2024 | 31 replies
Suggest you do the same (even if they are two page documents).