Stan C.
1099 from Management. Box 1: gross rent or net rent?
Hi all. I received my first 1099-INT from a new PM. It has only one box filled in - box 1 - with a sum equal to gross rent received by them from tenants. Should it include net rent which takes into account losses due ...
Allen Gregory
Question about Deal Structure and Title
Hey guys,
I have a broker who is representing a buyer in a transaction. He's supposed to send me an offer in the next few days. When I get the offer, I plan on opening title with it. I don't have a company or anythin...
Rich Weese
I'm back in an area I know nothing about. Help?!
I've been told about a website that is supposed to be really cool-not my area! I'd appreciate any thoughts on viability of this site. busybusy.com It is supposed to be a one stop location and good for const folks.Tha...
Ken Morris
How to evaluate 2-4 unit properties
Okay BP, I first searched around for my question before asking but could not find any good clear answers to these questions:1) Are we supposed to use cap rates ONLY with commercial properties? Or can cap rates be us...
Account Closed
Eviction in Alabama taking more than 1 year ?
Hello,I own a few turnkey houses in Alabama (famous and reputable turnkey company)One of my tenant in the Jefferson county stopped paying rent 1 year ago.Property manager immediately sent him for eviction and 6 months...
Joey Gorombey
Screening a Couple Moving In as Partners
Hey all,Thanks in advance for answering questions that may seem obvious to some. This is my first time dealing with multiple tenants moving into the same unit. They are romantically affiliated. I only received pre-qua...
Noyessie Hubert
Section 8 Tenant not paying rent after I purchased the property
I bought a 4-unit property in August ( 2 months ago ), it was my first property, and I inherited a section 8 tenant. The previous owner did not give me documentation on the current tenants. Just the phone number and c...
James Wise
TikTok Shutdown 1.19.2025...How does this effect your business?
TikTok is supposed to be shut down in the U.S on 1.19.2025 unless the Supreme Court blocks or delays the U.S. ban per Trump's request.
I won't pretend to have any idea how the inner workings of the data collection be...
Dave Laws
Need help figuring out what’s next !!
After I submit my application to the department of real estate, how will I know when I can set my exam date? My card was just charged the $305 fee, am I supposed to be receiving an email eventually or am I supposed to...
Gabriel L.
Notice to quit given by seller
Hello all,
Need some assistance here. I'm close to closing on what is going to be an owner occupied 2 family property with a basement.
the 1st floor unit is vacant, the 2nd floor and basement have tenants which are ...