Akshay Wattal
What happens to the rents paid by the tenant when PM company goes out of business?
Hi all,The owner of the property management company managing by rental unfortunately passed away a month back. Their attorney had reached out and mentioned that the company was out of business. The tenant had prepaid ...
Josh Dehmlow
A couple partners, a couple houses, some cash, a couple questions
I'm thankful for the vast amount of info here on BP. Been a reader for awhile, member for a short time and a new poster.SO... the Situation: (I will simplify numbers for the sake of clarity)Partner A (me) has 2 rental...
Daniel Suarez
problem tenants in Baltimore County
Hey All, Has anyone else been having problems with no matter what tenant they get (no section 8) they are always late on rent? I have 4 tenants currently that are constantly about a month behind. I haven't evicted yet...
Patrick Britton
need for file taxes for short-lived LLC?
Would I still need to file a return given the following circumstances?1. single-member LLC in Michigan2. formed in October 2019, dissolved in April 20203. no purchases, sales, bank accounts opened/closed, nothing. ...
Hugo Tornero
Do I need to start a business
Hey I’m just buying my first property, I’m thinking about putting it on air bnb. Do I need a business for tax purposes or can I just file taxes as normal but just with the added income of course. Thank you for your kn...
Kristy F.
Contractor stole our money and abandoned project
I hired a insured, licensed, bonded general contractor to remodel the bottom unit of our building. According to our contract, he was to be paid in phases until the completion of work. He kept collecting advance paymen...
Mindy Jensen
You Can NOW Attach Files To Private Messages!
The Private Messaging system now supports attachments!Want to send a file to a colleague? Click Choose File underneath the Private Message window, and attach not one, not two, but up to TEN files!!! __________________...
Andrea Shields
LLC or NOT
Hello BP,
I have 2 SFR that I own (owned before I got married). I claim these on taxes, my husband and I have never filed taxes together as we both have things that we are sorting out before we can file joint...
John Moore
Real estate probate whole saling in California
I’ve started to dig deeper into probate whole saling. I’m curious what I should be looking for at the Los Angeles court? What type of things do you look for in the probate files that let you know you are on to a hot r...
Vicheka Chres
additional tenant that adding to the existing lease
Hello BP, I'm renting out this single family home to (currently) five individual tenants. One of them vouch for the additional tenant. I modified the lease to add the last tenant move-in date to Nov 1st but I haven't ...