Chelsea Ross
CPA hasn't filed 2019 taxes. Anything I can do?
In 2019 I decided to start using a CPA that specialized in REI to help me with tax planning. The CPA was actually recommended on the BP forums. I paid in late 2019, and handed over my documents in March 2020. Despite...
Jason Malabute
CASH FLOW $200 IN DELTONA WITH OVER 7% RETURN
Is anyone cash flowing in Deltona over $200 per month with over 7% cash on cash return?If yes, what percent are you using in your vacancy, repairs, and Capex?I am currently using:vacancy - 4%repairs- 5%Capex- 4%PM- 5%...
Brandon C.
Advertising Response Rates - Status Check
Got my first rental posted on all the major sites. I'm getting 1-2 calls/emails per day since 7/1. Below are my response numbers. Trulia gets a lot of traffic, but it's mostly out of state phone numbers and I never ge...
Carey Branam
Late rent again, time to evict?
So I had new tenants move in the last week of July. They paid their first week of rent of rent upon move in (first mistake I should have requested the entire month of August at that time!). Then, August 1 comes, no r...
Sam Erickson
"We charged a penalty on your Partnership tax return"
Hi Everyone,I received a notice from the IRS saying My LLC that has four members was charged a fee because according to the IRS we "filed the partnership return late."The amount is $4,920. ($205 per partner per month...
Natalia Collini
Unfair late/NSF fee?
I have a question regarding late/NSF fees. I attempted to pay my rent online this month since I wasn't able to get a money order in time to pay the rent. I used their payment portal which only allows transactions dire...
Nick Parenti
Self-Employed Looking for Lending Information
Hello all,My wife and I are looking to purchase a house-hack in the southern New Hampshire area. My question is in regard to getting funding for a loan due to my income. My wife has a W2 income. For myself, I own an e...
Bob Hendricks
Late Payments
The Landlord offices in the same building my son lives in. The property is locked and unaccessible to the public. ( i,e, access is by card key only). I have failed at mailing the rent check to the landlord once, a c...
Patrick Cruse
Can a landlord let late fees accrue without notice?
My niece was a student at Ball State University in Muncie, Indiana. I have included the section of her lease that outlines how late fees are to be handled at the bottom of this post I'll do my best to explain what hap...
Xiao C.
Tenant didn't pay the rent increase
Hi,I'm new here and also green when it comes to rental properties in California. Currently, my family ran into some issues with the tenant and I would love to get some feedbacks.The background. We have a single family...