Linda Thomas
Would you charge tenant that moved out for cigarette smoking in rental
Hello,
A long-term tenant just moved out and i have a clause in the lease that states that the tenant was not allowed to smoke inside the property however there are smoke stains on the ceilings and ceiling tiles thr...
Mark Beekman
25% for property manager?
I was just told by my real estate agent that property management firms charge 25% of gross income!? I thought they usually charge between 5% and 15% depending on the services (with the 15% covering just about everythi...
Marshall Rousseau
Didn't include no-pet clause In the lease - could be problematic
This has not yet developed into an issue, but I feel like I may have screwed myself over. The tenant knows that she is not allowed own any pets on the property because it was made clear in person and when the unit was...
Uri E.
Rental application fee
Do you charge a rental application fee? If yes, then:1. How do you determine the $$ fee? ... is it per family, per adult, other?2. What do you include with the fee? (e.g. background check, credit report, etc.)3. How ...
Jillian C.
Itemized List of Common Deductions from Security Deposit
Hi all,My husband and I are about to close on our first deal next week and are prepping all our documents to rent it out as we hope to manage the property ourselves. Do you all commonly include an 'Itemized List of Co...
Ruchi Patel
Investment house property taxes
We are in the process of purchasing a investment 2 family house. I would like to know what can be deducted or depreciated from the closing costs expenses ?
Don Zhang
Need to rent out a house with leased solar panels, advise please
This single family house has leased solar panels. Currently paying about $130 per month for the lease. Similar properties without solar panels rent for about $2200~2400 in local market. I'm thinking about adding a cla...
David Yu
Solo 401K borrow money
I'm confused. Can you borrow money from solo 401k for personal use? I understand like buying your primary resident. Can you take a personal loan? Personal loan can be buying a car or anything personal like that ri...
Scott F.
Lease signing – additional charges
What additional charges do you have for your tenants? We have about 15 separate documents that have to be read and signed for each new Client at lease signing day. One that always pays off is the:"ADMINISTRATIVE CHARG...
Ahmad Kakar
Property Management Questions
I'm looking at my first rental property in Ohio and there are some terms in the property management agreement that I would like to ask the forum to weigh-in on. Some of these terms may be normal, however they stick ou...