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21 October 2021 | 19 replies
He keeps utilities in his name so he can shut them off if the tenant isn't behaving.
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8 November 2021 | 21 replies
Also, do not rely on the rapid increases resulting from COVID; these increases are not sustainable.
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16 November 2021 | 2 replies
Have any of you utilized Hometap?
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22 October 2021 | 5 replies
Once you buy one, you'll probably buy more.Some suggestions:1) Us Quickbooks and set up Classes for each property and subclasses for each unit. 2) Scan EVERYTHING to either Google Drive or Dropbox. 3) Create a consistent folder-tree convention, example: Main_123 (property address with street name first) -General Property Info --Insurance --Property Taxes --Title Docs --LLC DOcs --Purchase Docs --Loan Docs-Utilities-Maintenance-Leases --Folder (LastName_FirstInitial)-Advertising-Rental License-InspectionsAppliances & Mechanicals (pics, model tags, warranties, etc)4) Create list of consistent naming conventions for files so you don't have to open themExample: yyyy-mm-dd Main_123 Water Bill mm-dd to mm-dd $xx.xx Lease Main_W_123_#unit (LastName_1stInitial) $RentAmount EXP yyyy-mm-dd5) Create a great lease by reviewing several from online, then have attorney review for compliance with state & local laws.
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28 October 2021 | 19 replies
Why set the lease to start tomorrow if he wont be utilizing the room for another 3-4 weeks?
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24 October 2021 | 4 replies
Use a copy of the Quit Deed to show the proof.Update everything associated with your business (utilities, bank accounts,...) to the LLC name
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22 October 2021 | 4 replies
So how do I make my tenets pay all the utilities?
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22 October 2021 | 0 replies
One big takeaway for me personally, would be to utilize the help of a licensed professional commercial realtor to negotiate on my behalf, going forward.
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1 November 2021 | 15 replies
I wouldn't include any utilities in rent if it can at all be avoided, even with solar.
27 October 2021 | 37 replies
Ask yourself, is that truly equal to the financial hardship you sustained here?