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Hello. Looking for some guidance. I have spoken with an attorney briefly but would like some thoughts from others.Context:I had a 9 month tenant, upper scale property and tenant, $19K security deposit.Tenant vacated...
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We've been asked by an owner to deposit net rental funds into a third-party account that is not in ownership of the rental property. Is this allowed? Who gets the 1099?
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Hi Everyone! Has anyone noticed that Zillow offers online rent payments? I just discovered this, looks like its free for landlords to use, ACH check payments don't cost the tenant anything, credit and debit transact...
I'm a long distance property owner of a fourplex. It seems that my property manager is playing games with me and not providing information for work done to the property. A few of the items are listed below which occur...
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My brother and I run a small handyman repair business in the Tulsa area and were relatively new to small business. Up to this point we've been strictly commercial. We have a meeting with a local investor that has a la...
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Can anyone explain accelerated depreciation and when to use it? Any other awesome tax benefits to discuss?
Just wondering for non-performing note investors, does your servicer send the 45/30/15 day forced place insurance letters or do they have you do it? I'm using FCI who does not send them out (even if I use their recomm...
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My company owns a couple very small parks that we manage ourselves. In the past we've included water bills in our lot rent, as we don't have many tenants and it's just easier, but recently the small towns we are in h...
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Looking for guidance/confirmation on a workaround to billable expenses in QBO 2022 without upgrading to Plus or Advance. We have water, sewer, and trash that remain in our names (required by municipality) then we bill...
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We solicited a bid on a rehab from a new contractor, which included a walkthrough with him. He provided a 19k estimate, which was much than our other bid (of 9k). I told him I'd get back to him.4 days later, he sent...