Bill Dodge
Excessive damages if house is un-rentable - is tenant responcable
If the out going tenant puts multiple holes into the walls and therefore makes the property un-rent-able until the holes are fixed, is the out going tenant responsible for the loss in rent income ( 1 month) and can i...
Bill Dodge
List of excessive damages that can be deducted from deposit
My first tenant is moving out and it is not going smoothly.There seems to be a lot of excessive damage to the house and I want to know what is normally considered excessive damage.Is there a standard listing of typica...
Ricardo Garcia
2-Year Extension of the Limitation on Excess Business Loss
Hi All,Please, I need your help understanding the new IRS law starting January 2023, which will only allow you to claim losses on your business for three out of five tax years. If you don't show that your business is ...
Benjamin Cowles
What happens when collateral is in excess of the loan?
If you use hard money for just a portion of a purchase or say the rehab costs would they use the entire property as collateral ? Or in general is there a way of minimizing your collateral to only what would be necessa...
Tom Hick
Tenant left with a PGW bill in excess of $5k
Tenant left with a PGW bill of $5000 plus. I am in Landlord Cooperation Program but still unsure if a lien will go against my property since the amount might of accrued before entering in their program. Tenant is dem...
Sean Thomas
Denied a mortgage loan by Quicken Loans for excessive debt
Recently I was denied a mortgage loan by Quicken Loans for excessive debt. I was looking to purchase an investment property. Here is some background. I have 644 credit score, 125K salary, have 30k for down payment. ...
Michael J Shabazz
Buying Right of Redemption, who owns claim to excess funds?
If right of redemption is purchased from an owner whose property deed was sold at tax sale, do the excess funds (if any) belong to the purchaser of the right to redeem or the owner before the tax deed was sold?
David Cramer
Excessive Pet Paint Damage, Wear and Tear or Security Deposit?
I'm a single property landlord. Tenant recently moved out and the pets left a bunch of claw marks in the paint. The paint was last done in 2017. This tenant moved in 2019 and the walls were in good condition minus nor...
Sean Stewart
2nd lien bank foreclosure - excess funds go to 1st lien?
Scenario: 2nd lien bank foreclosure auction ~ $50k judgement/fee/interests. Winning Bid at auction $100k. 1st lien owed $150k (not in foreclosure yet)
My question: Does any winning bid over the 2nd lien credit b...
Shannon D.
Question about Collecting Tenant Excessive Damages Repair Cost in Florida
Our tenant vacated our property, leaving extensive damages that surpass the security deposit. How can we effectively pursue the charges if the tenant refuses or ignores the responsibility to cover the repair costs? A...