Patrick K.
How financing is handled during a construction project.
Hi all, Could someone please shed some light on how financing is handled during a construction project? I understand most traditional loan would be expected to be paid off before a major construction project? and I wi...
Vin L.
Landlord Never Changed Electricity Account - Required to Pay?
Hello,Recently moved to a condo unit that was available for LEASE in Los Angeles, California using a Property Manager. Upon the CAR FORM LEASE, it states that tenant is responsible for electricity under paragraph 9 f...
Mike R.
Recording insurance proceeds in Quickbooks
Accounting/quickbooks question. The waterline broke between my rental property and the street. I paid $2900 for a new waterline and $490 to redo the sidewalk for a total of $2390. I recorded the waterline as a capital...
Jeff Piscioniere
Structuring a partnership investment using a 401K loan
My next property purchase will use a 401K loan from myself or my wife’s account. I want to structure it in such a way that we are paid back so that the loan balance can be reduced quickly. The point of this is to simp...
Mandar A.
How do you collect water bill from tenant?
Hi All,
I am going to buy a property soon. The tenant pays all the utilities on this one except water and sewer. The water bill has to be in Owners name in our city. The previous owner used to pay monthly water bill ...
Paul Lucero
Do I need a Sales Tax License for repairs
I'm having trouble finding this on the web, probably because it's simpler than I'm making it out to be. In Colorado. I was going to charge a cleaning fee of $50 dollars, but I will need new drip pans. Would I just ...
Joseph Hernandez
Temporary Restraining Orders
In regard to pre-foreclosures, can a wholesaler file a TRO on behalf of the seller? If not, and the seller doesn't have funds to pay the attorney fee, I assume the wholesaler must pay if he wants the deal. If so, does...
Laurence V.
Bounced Check, Defensive Tenant
First post on here though I've been lurking for a while. I'm relatively new and small time right now (2 properties, longest is just over a year). I could use some advice on a situation with a Tenant and my first bounc...
Tiffany Ralston
For tax purposes, better for LLC own a car, or reimburse mileage?
Hello!Wondering opinions on having our LLC own a vehicle vs. the LLC reimbursing personally for mileage?
Jim Robertson
How to reimburse a partner when their name is on the loan
I have two partners in the purchase of a duplex. One partner is getting the loan in their name and all of our names are on the deed. We are splitting the down payment 3 ways. If my portion of the the down payment came...