Paul Evans Jr
Evict or wait until lease expires?
I have a tenant that is refusing to pay the last two months of rent. She claims it was paid up front (it wasn’t). We’ve given a 3-day notice to pay or quit and she hasn’t paid, which means we can now start the evictio...
Charles Player
Income for rental property?
I have a question for you guys. I have a rental that the mortgage is $727. I rent it out for $930, thus producing a $203 profit each month so to say. When I state my income on anything from applications for loans to w...
Marian Smith
Does my Schedule E look like yours? Ma and Pop landlords
Due to a discussion about filing form 3115, which is evidently required but may not be expected to be complied with, I thought I'd ask if my Schedule E looked normal. (No red flags) First, can anyone link to an art...
Erin Luedeke
Renting to a Sober Living Business
I have an extremely large duplex, each side 5 bed, 2 bath. A sober living business owner has approached me to rent half of the building. I think it would only make sense if they ended up renting both sides. I’m concer...
John Thedford
My Insurance Company Is Cancelling Me
I had a new company write coverage on one of my rentals in the Cape Coral area. They recently asked for a 4 point inspection. The inspector found FOUR shingles with issues which would be an easy fix via replacement. H...
Ravi P.
Short Sale Agent Obligation
Would anyone be able to provide some insight in regards to a Short Sale Seller Agent obligation to the bank/investor of the loan. I attempted to place an offer that would be above list price for a SFR. Not much more,...
Frank W Lentine
Cash flow with not tax liability
Just had an offer accepted on a 4 plex in Phoenix, AZ. I work full time for a W-2. Using the rental property worksheet this property has some good cash flow. How do I get that cash without paying any income tax? Or...
Frank Jones
No comps dilemma. Can you get a mortgage with only 1 comp?
My son is trying to buy his first duplex using a 3.6% down FHA 30 year mortgage. He's going to live in half while he does some remodeling. His offer has been accepted and he has been pre approved for the mortgage. His...
Johnny Khoury
Eviction
Hi every one,I just want to know more about eviction,I have a tenant that paid 1/4 the of the rent last month do to getting laid off work.and she paid 1/8 this month for the same reason.what is my legal standing. can...
Dan Gandee
My "Cash For Keys" Strategy For Dealing With 100's of Stubborn Tenants/Squatters/Fam
I'm not the first to talk about this strategy and won't be the last so feel free to chime in here. Over the past decade of deploying a very successful BRRR model across the Pacific Northwest, I've been able to perfect...