Raman Bindlish
Tenant problems - withholding rent citing code issues
Hi Landlords,I am looking for some advice from experienced landlords on tenant problem I am facing right now. My tenant has given me 30-day notice (lease is expired and we had agreed on month-to-month tenancy till the...
Sanjay Gupta
Cal Firpta Withholding 3.33% Franchise Tax Board
We are done with another flip.http://www.7156emeraldave.com/Escrow company is withholding Cal Firpta Withholding 3.33% Franchise Tax Board. Based on internet Firpta means ( The disposition of a U.S. real property inte...
Tony Sepassi
flipping a MD property but not a MD resident
Hello,I want to flip in Maryland, infact I have one property which I will be going for closing soon but I know Maryland has this law if you are a nonresident and have not lived in the property 2 years out of the 5 yea...
Ken Byers
Writing off tax penalty from retirement withdrawal
Good morning everyone, this is my first Bigger Pockets post and I'll make it short and sweet. I was a Federal Employee for 7 years. I was in the Thirft Savings Plan (TSP) which is equivalent to a 401K. I have approxim...
Paul Rumolo
How much to put away for taxes
Hello all, I am a newbie and about to close on a couple of properties here within the next month. Had a question in regards to how much tax money should I be putting aside each month from my monthly net income. Any fe...
Allan Smith
Tenant complaining about Mold
Hi guys-I rented out a 400 sq feet studio apartment about a month ago, and today my tenant says there's a musty smell in the studio, likely indicating the presence of mold. As far as I know, there are no leakages in t...
Tyler Speelman
Resident complains of “musty smell”
Hey Folks,Looking for advice. Resident is complaining of musty smell in her apartment. Says the humidity is 60% so she bought a dehumidifier and odor eliminator plus activated charcoal to help with the smell. Resident...
Account Closed
Ask me questions on Real Estate Tax Strategy or Investing. Answering all Questions.
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
John D.
Seller-financing a flip in CA: How do i fill out the withholding forms (and who withholds what)?
Can someone point me to the most appropriate way to fill out the Real Estate Withholding Tax Statement (593) given the following scenario? I assume we check the "installment sale" box but I am unclear as to who is req...
Mat O'Grady
Does withholding rent work when the tenant doesn't set up an escrow?
Hello all,I have a tenant that I started the eviction process with and I would like to know if anyone has dealt with a similar situation.My first mistake was letting the tenant move in without paying all the money upf...