Josef Roberge
Do I Really Need a Local Business License for this?!?
Someone is paying me a referral fee for just connecting them to a deal. I have no involvement in the deal at all, or transaction, contract, not a consultant.I set-up a quick LLC for them to pay me under, and opened a ...
Kumar Gaurav
Summoned to appear in court for not cutting high weeds
Hello,About two weeks back I received a warning letter from municipality that I need to cut them within a week and remove high weeds and tall grass from my front yard about 8ft x 2 ft area. It was unusual to receive t...
Loren Becker
Collecting a years rent in advance
Hello,I know this is probably a good problem to have, but we have a vacancy in a high end property in Hermosa Beach. The rents is $8700 per month, our recent prospect tenant is asking to pay a full 12 months up front...
Kevin Lefeuvre
Airbnb's new position regarding security deposit
Those of you here since a while have read my rants about Airbnb practically not having any security deposit, and how this has been abused by some irresponsible guests. I believe (and my 4 years STR experience supports...
Kelly N.
Prorated rent collected at closing- tax question
Hi,
We closed on our first rental property last month and had prorated rents deducted from our closing costs. The amount deducted is considered rental income, right?
Thanks,
Kelly
Dustin B.
Eviction Moratorium Question
Good Afternoon BP,
Have (an inherited) tenant behind on August's rent by $175. This tenant also did not pay for September's rent for $875. We sent out the 5 day right to cure on Thursday 9/3, so we would be looking t...
Randall E Collins
Property sale proposal
This post is directed toward professionals who know real estate in and out. I own land and a fairly new mobile home in Henderson Co. Texas. I have stage four COPD and I'm not expected to live much longer. My daughter ...
Buddy Holmes
Inheritance of a 1031 replacement property that is in joint title
My wife and I have completed a 1031 exchange of a property we owned in joint title. The replacement properties are also held in joint title as required. In our estate planning the question is upon the death of one o...
Garen T.
Average time to pay bills to contractor during a build
I'm in the middle of a duplex build on a piece of property that I own. The arrangement with the builder is that on the 1st of the month, he will send me the invoices received from the previous month from the various s...
Joey Ly
Deposit Refund Legal Inquiry
Hi BP Members,I'm seeking some legal advise in a situation that I (renter) got into with a place that I lived at. Long story short, the "master tenant" or so I was told, withheld the name and contact of the landlord w...