Melissa Koon
No Itemized Invoice De Minimis Safe Harbor
I have a rental home and had the HVAC and water heater replaced last year. The furnace stopped working and was in need of costly repairs that would likely only prolong a replacement. Since they were already replacing ...
Linda Thomas
Itemized letter of deductions from security deposit
Hello,Tenant vacated unit and provided forwarding address. I mailed the itemized letter with deductions within the timeframe required by law. Tenant contacts me asking if I mailed him the refund. I told him i sent the...
Crystal Oneill
Real Estate Contract "Prohibition" Line Item Question
Hello! I am filling out my first Purchase Contract for a house I plan to wholesale. I can understand the items in the contract at a high level, except for one. Can someone help me in just one or 2 sentences underst...
Randy Lewis
Itemized statement of payment owed to apartment
Good Morning. I renewed a lease 5 weeks early but my hours are getting cut and cannot afford to live there anymore. I informed manager 6 days shy of a 30 day notice That I could not afford to live there anymore ...so ...
Diana Gay
Quickbooks Chart of Accounts and Item List
I'm new to flipping houses. Anyone have a Chart of Accounts and Items List they could share that would be helpful in setting up QuickBooks?
Shefali R.
Closing adjustment when seller leaves personal items
We are closing on a unit tomorrow and the seller is out of state. They have moved out the furniture but are unable to move out remaining personal items (kitchen, bathroom, random small pieces). They are willing to do ...
Eric Schrader
potential deal in foreclosure and other items
HI ALLSo I was looking around on the MLS and just stumbled on a 4 plex that was jumbled in the SFR group. So the description states that the deal needs to be cash or hard money, AS IS, etc but it also states that the...
Eric H.
Itemized Receipt For Turnover and Charges Reasonable?
I use a property management company I just had my first turnover on my rental property and have a couple of questions.Here is the receipt for the turnover and the cost:Make ready Replaced carpet & padding in livin...
Account Closed
Deducting Items on an owner occupy Duplex
Hi Everyone,I am looking for some guidance. I finally bought a duplex after listening to biggerpockets for a few months. I am only 23 years old so this is very exciting. I am a bit of a handyman and have a business de...
Satish L.
Typical rehab items/strategy to maximize ARV
Hello, I recently closed on my first (duplex) property in Cleveland to BRRRR. The property is in decent shape and requires medium rehab. As a newbie to this, I’d like to know what are some ‘typical’ rehab items/strate...