Lisa Gorman
MA eviction with lease - can you collect lost rent?
I have a tenant who is threatening to withhold next month's rent. I won't go into the specific reasons as I believe they are unjustified. The tenants are on a 1 year lease which started May 1, 2016. If they broke t...
Andrey Y.
Tenant moves out early, how would you handle this?
I had a tenant that unfortunately had some financial difficulty and had to move out (her husband lost his job). I suspected this vaguely last month when the rent came in two separate installments.She has payed up unti...
Himateja Madala
Florida:Reimburse Hotel stay for Broken AC
I had a situation where AC stopped working in one of my rental unit. The unit was 1 year old and broke unexpectedly. I contacted the company and they came out to look into the issue and said some parts were missing. T...
Carlos Webel
Set up of first 1031 Exchange
Hi,Although I have several rental properties, this is the first time I will sell one of them in US. I'm selling a Condo in Florida to invest that capital in Houston. The plan is to set this up as a 1031 Exchange. I'm ...
Gooberq Gob
Buy from foreign seller, deceased, no will
Im planning to but a house where seller isA foreign national.Deceased, without leaving a valid will.Has a husband two kids, husband is not in US, one kid is in US, another foreign land.In the Seller deed i see that se...
Sammy Weinstein
When are taxes due on a cashed out 401k?
Am 60, and have $300,000 with my employer. If I were to cash it out totally, are the taxes due taken out of the $300k straight away, or when I do my taxes next year?
Pierre Van den Berg
Swapping lots - legal and tax implications
Hi, I would really appreciate it if someone can give me advice on the following: - I am a South African and own a lot in Georgia, USA. My neighbor needs more priva...
Timothy Howdeshell
S corp LLC as sole owner of standard LLC for Long term buy n hold
Hi BP,I've read that there are potential issues with holding property long term in an S-corp LLC. My understanding is that any disposition of property out of the S corp triggers a taxable event, and steps up the basis...
Alan Cassidy
No move in walkthrough checklist
I’m getting ready to move out at the end of the month and Into a multi family that I purchased. I’ve been renting for about a year and a half with a 1 year lease that was extended to 18 months.My question is (in Cleve...
Jake Goehring
CA 3% Sales Tax on Property Sales?
I assume this is the right forum for this question. Perhaps someone can help me better understand.I think CA passed a 3% sales to the state on the sale of a residential real estate sale. Is that accurate?Well, does ...