Robert Cummings
Renter moved out and kept keys and remotes
my renter moved out April 1st 2016. he kept the keys and never returned them but sent the remotes back after 45 days or more. I waited 3 days then changed the locks and purchased and programmed new remotes. Then, 1...
Shonda Williams
Starting a eviction...
Hello everyone!The lease says rent is due on the 1st and late after that, there is a grace period of 5 days before we add on $50 late fee.I have a tenant who moved into the rental in November. Since then she has been ...
John Thedford
When Are Payments Due And When Do You Impose Late Fees
I have been very lax with my tenants. Most of my leases state the payment must be POSTMARKED by the 7th of the month. Generally, that has been fine with me and since Covid has hit, I have not been charging any late fe...
Nancy Navarro
Deadline for SCORP Filing Status?
I need to change my tax filing status from an LLC to SCORP. What date is the deadline to do that in December? Someone mentioned it’s sometime in December for the 2019 tax year. Thanks
Sai T.
Tenant's son is hospitalized and late on rent payment
Hello,I have a new tenant (single mother) moved in last month 9/1/16 paid 1st month rent and SD. I gave option to pay last month rent in 2 payments 10/1/16 and 11/1/16. Late fee $150 till 1st till 15th of the month. O...
Daniel Dadzie
Bad Areas In the Columbus Ohio Area
Which areas in the Columbus I should watch out for. My property is in the 43222. I was told to me by multiple Investors that it was in a War Zone, and next time I should do research in the neighborhood first. Would an...
Raj Saxena
Have a Contract on a com. property, is it late for1031 Exchange
We have a signed contract on a rental office building, closing is scheduled for April 2nd 2018, is it too late to look into 1031 Exchange ?Are DST properties usually priced 10 - 15% higher than comparable Non 1031 pro...
Danny Liu
Help evaluate this NJ deal!
Hey BP! Fairly new to the forums and on the fence about this deal-- hoping to get some advice!I've been negotiating with the seller for a month now and I got the price down to $625k. Initial price was 750k. I've put ...
Account Closed
Experience OOS Investing in Columbus?
Hello all!I have been doing market research as of lately and am really liking what I see with Columbus, OH. I want to purchase MF properties here, preferably 2-4 units. My largest concern, though, is being out of stat...
Brian Barfoot
How do you structure your late fees?
I'll start by saying: I know I'm too soft on the tenants. We have a late fee in our lease of $25 for rents that run 1100-1200 per month but it's a one-time fee no matter how late they are. I also have a bad habit of f...