Steve Cribb
Rent Payment excuses
11 August 2024 | 12 replies
@Steve Cribb to be successful, landlords need to set boundaries.Many tenants, especially desperate ones, try to make their problems their landlord's problems.As a PMC, we try to be reasonable, as "life happens" and "tenants are tenants for a reason", meaning they don't plan well and live paycheck to paycheck.Part of our being reasonable though, involves deadlines and we AUTOMATICALLY start the eviction process so a tenant knows this.
Kristin Caras
Watertown NY / Fort Drum Buy and Hold
11 August 2024 | 5 replies
Right now we are still in the process of removing two of the other three tenants (I think we finally made it, aside from a junk car left on the property) and working towards getting the place fully rented.
Selina Giarla
What are your most helpful tax strategies? Can I create a business to self manage?
13 August 2024 | 11 replies
(Car crash, vendor hurt, dog bite, etc etc.) and none of owe LLC’s or corporations or holding companies will help you in those situations.
Ted Davis
Rent collection software
10 August 2024 | 12 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
James Carlson
Hey House Hackers! Denver's Changing its Occupancy Limits
8 August 2024 | 22 replies
@James Carlson A Home Occupation Permit application with the city of Denver will automatically grant you a 3rd unrelated resident, but still not enough.
Charlene Isoh
IIP Management - Honest feedback
10 August 2024 | 1 reply
The problem is that there constantly seems to be fees being charged to me an example of this is in the contract there is an additional 100 dollars allocated to sewer and water that the tenant automatically pays every month with rent and anything outside of it should be billed to the customer (there is no specificed time when this will occur on the contract) but it appears to be billed to me and after speaking to IIP it's like they made up rule on the spot stating that after 6 months all of the additional utility fees would be billed to the customer and in the meantime I am being charged for it.
Juan Mendoza
Does a room need to have closet to be considered a bedroom?
11 August 2024 | 31 replies
Conversely, On homes I have wanted to expand, I have removed closets from bedrooms in order to label these as studies or offices, so that I could build additions that are labelled "bedrooms" (customized to my needs), in order to avoid the requirements of expanding a 2 car garage to a 3 car garage (a local requirement when building beyond 4 bedrooms).
Arron Paulino
Sold Property But Still Notified
6 August 2024 | 6 replies
Strange that it didn't automatically transfer over since I had sold another property before without having this issue.
Sweta Jain
Is business bank account needed for rental income
10 August 2024 | 8 replies
You should use software that automatically sends you rent payments.
Jason V.
Section 121 gains exclusion reported on what IRS forms if home was rental for 2 yrs??
13 August 2024 | 21 replies
Your software hopefully includes some kind of "disposition worksheet" or something else with a similar name, and, once completed, it should create the required IRS forms automatically.