Sean O'Keefe
BOI Report deadline and the enforcement of penalties are back as of 12/31/2024
1 January 2025 | 5 replies
Here's the original post: https://www.biggerpockets.com/forums/517/topics/1222034-pote...Thanks to @Michael Plaks for highlighting that the 12/31/2024 deadline and the enforcement and the penalties are back, as of 12/23/2024!...
Aaron Robertson
SB 721 Deadline Extended: What California Property Owners Need to Know
27 December 2024 | 2 replies
This safety measure aims to prevent structural failures and ensure tenant safety.Originally, the first inspections were due by January 1, 2025, but a recent update—AB 2579—has extended the deadline to January 1, 2026.
Bruce D. Kowal
Being clever when dealing with IRS and State at the same time
17 January 2025 | 1 reply
Here's why:The Multi-State Chess Game:• Client had properties in 3 states• Each state has different deadlines to assess taxes• Federal changes trigger automatic state assessments• Timing the response saved $45K in state taxes🏠 Real Estate Investor Pro Tip:States can't assess back taxes if their statute of limitations expires before federal changes finalize.
Chris Summons
Contracts for Sub Contractors to Sign
14 January 2025 | 4 replies
., electrical, plumbing).Project Timeline:Start Date: For the portion of work they are completing.Completion Date: Set realistic deadlines for their tasks, adjusted to your overall project schedule.Liquidated Damages:Specify a daily amount to be deducted from their final payment if they fail to meet deadlines (with exceptions for factors beyond their control, like severe weather).
Scott Johnson
Scammed by "Estate Legal"
20 January 2025 | 13 replies
I just put too much trust in them.To date, I have not received an agreement with their signatures (fully executed), although I've asked for it multiple times to date.They sent a PDF agreement for review and gave me a deadline to sign, which I believe was a Saturday.
Tom Ochieng
Inherited tenants questions
15 January 2025 | 3 replies
If the tenants don’t leave by the deadline, your next step would be to check your state’s landlord-tenant laws to understand the eviction process.
Corie Delong
Duplex - Family helping with down payment/ partners?
19 January 2025 | 1 reply
It would be a tight budget but I do have money set aside for repairs.
Jimmy Jeter
New construction, 75% done. About to run out of money
16 January 2025 | 10 replies
Funds are beginning to run extremely tight.
Account Closed
L.A. Wildfires and Their Tax Implications for Affected Residents
9 January 2025 | 0 replies
For Los Angeles County residents affected by the wildfires, this could mean an extension of deadlines for filing returns and paying taxes.
Fredrick C. Oesterle
accepting multiple applications
9 January 2025 | 4 replies
., income, credit score, rental history) to evaluate applications in the order they are received.Notify Applicants: Let each applicant know you will process applications sequentially and explain your timeline for review.Act Promptly: If the first applicant meets your criteria, move forward with their application and provide them with a clear deadline to sign the lease and pay the deposit.Move to the Next: Only if the first applicant does not meet the criteria or declines the lease should you proceed to the next application.By focusing on one application at a time, you simplify the process, maintain transparency, and mitigate any potential fair housing concerns.Lastly, since housing laws can vary by location, double-check Arizona’s landlord-tenant regulations to ensure compliance with any local rules about how applications are handled.Best of luck with your rental process!