Natalie Kolodij
2019 Tax Payments now due 7/15/2020 - 90 Day Payment Extension
The IRS released Notice 2020-17 yesterday which gives tax payers who owe money for 2019 an extra 90 days to Pay. This makes your 2019 Tax Balance due by July 15 2019, Interest and penalties will begin to accrue on the...
Kyle Soudalan
How much does eviction law vary across cities/counties/states?
I see this question pop up a lot on BP: "how do I evict a tenant in [city, state]?" I've had to evict a few tenants from properties I've owned in different states, but I always rely on property managers to contact the...
Clara Cheng
Cobb County Unrelated Tenants
I'm interested in investing in Cobb County (something like a PadSplit model) but notice there is an unrelated tenant restriction. Is there any way to file a change of use permit of some sort that would make this busin...
Martingale Kim
Over Contribution to 401k in previous year
I over contributed towards my 401k last year and I contacted my employer in December 2022, notifying them the fact.They said they will give me the over contributed amount back and issued me a 1099-R for year 2023. but...
Sandy P.
Sheriff sale
What is the eviction process of a sheriff sale property in New Jersey?
Jason Heath
Form 3115 Changing Accrual Method
Hello folks: Does anyone know whether you must still own a property in order to file Form 3115 changing accrual method? Or, if you just recently disposed of the property, can you file the Form 3115 before recognizin...
Amit Singh
Bad Tenant Situation
My Month to Month lease tenant has not paid rent from 2 months . I gave him 30 days to vacate the property in July 15 so 30 day notice period ended on Aug 31,2019 He is not replying to my notification send through T...
Matt Boerlage
Texas Operating/Management Agreement for single member LLC
Dear all, I would like to create a Single Member LLC to hold a long term rental property in Texas (I am living is Texas). Texas has no requirement for an operating agreement, but I would like to have one as I hear the...
Amanda Thompson
Change in Management Notice laws?
WOW dealing with my first super high conflict tenant. QUESTION: Is there a law (I know different states vary) that a tenant must be given 30 days written notice of management change? Background: I just took over manag...
Mose Gebremeskel
Tax Advice on Property
Tax Advice - I have a duplex that I live in (house hacking) and we are in the process of renovating it still so we haven't had a tenant in it yet. Are there any advantages when filing for taxes or disadvantages? Or an...