Michael Nahm
Damages after statutory term for returning deposit
Hello fellow BPers,Recently, I had great tenants that moved out after 3 years in a townhome. After they moved, in a routine clean-up, we discovered some broken refrigerator drawers that needed replacing (not really so...
Brown Nathan
Depreciation Land Vs Building
I have always been using a 85% building and 15% land value for calculating my depreciation basis. Now my accountant is saying I have to use the tax basis and the county is assessing most properties in my county at 50%...
Tarek Saad
Managing software
Looking for a good managing software package for our res rentals... Any suggestions?
Toan Hoang
After Hours Call Center for Property Managment, is it effective?
I work full time and to date have been okay self managing about 13 different units. However I do plan to expand and I am trying to prepare in advance rather than wait for something to happen. With that said I know th...
Chris Seveney
Servicing Your Own Notes
I was curious what percentage of note investors perform their own workouts or self-service. 1. Do you only manage the workouts or do you also service? If answer is no to both, who is your servicer and workout speciali...
Laura Sullivan
Who is responsible for outstanding water and sewer bill?
I purchased my first rental property at the end of December. It was a foreclosure and I purchased it from the bank with cash. At the closing I received a credit for the sanitation bill. Now 2 months later I receive...
Jeff J.
Managing a rental from another state withut a PM?
I manage two 11 unit apartment buildings myself but we are planning to move to Florida (from Minnesota!) in a few years. I would hate to hire a PM company to manage my properties. Is is possible (have others do...
Kenny Wyland
Seller Financing CA FTB Form 593 for the Buyer?
I'm purchasing a new rental property and the Seller has agreed to do an installment sale (seller financing). The escrow company just gave me a copy of Form 593 which appears to say that, as the BUYER, I must withhold ...
Joe Edwards-Hoff
How would you handle these repair requests?
So, I rent out my basement floors to some friends. We have no lease and it was intended to be short term. The term has gotten longer, which we're ok with, but now they have some "needed maintenance". 1) I have yet to...
Edwin De leon
MICHAEL KIMBLE REI MARKETING CHALLENGE
I am considering michael kimbles http://www.myreisite.com/main.htm rei marketing system.
I notice others have similar concerns that this product is an informational product and not based on real life experience.
2 t...