Larry Bondar
TPaying teen cash for yard work at your property
Want to hire a minor to clean up yard on a investment property Some basic yard work for cash. Can I write this off as a deduction? Also how would I set this up to legally have him working at the property?
Edward Green
1099s to Vendors required
We have a few properties managed by a property manager. They pay vendors and they pay us, after taking their cut, then we receive a statement from them every month.
My CPA is saying we need to collect W9s from the v...
Ethan Lieber
Why would you use a Property Management company?
For any landlords that use a property management company, what is the biggest reason that you chose to use a property manager? The reason that my own friends and family chose property managers in the past is because o...
Vincent Donato
What is the best way to find somebody to keep an eye on my rental, but not a PM?
I have a rental duplex in Ohio which I was doing very well managing myself. Work brought me back to New York so I was forced to hire a property manager.That didn't go very well. For reasons I will not get into, I fire...
Arthur E.
Prev property mgmt company charging to release prorated rent
To be honest with you I thought I had gotten the prorated amount of rent for August when we closed on 8/14/15, but this wasn't the case. Being that this is my first deal I probably should have paid a little bit close...
Blake Willis
Help/advice on first time purchase on property with cash
So my friend and his family own a very successful construction company. They have a piece of property they are going to sell to me for 60k to live in. I’ll get the deed then go get a HELOC and they will do all the wor...
Joseph Sherer
MAGIC ELF? Property owners-managers with fewer than 10 units: what would you do with a magical elf?
Hey BP community, Do you own anywhere from 1-10 SFH, duplex, triplex, quads or other properties that you manage yourself? If you were gifted an elf that could tackle only one job, what would you have the elf do to...
Tyler J.
Owner Financing
I have been reading more and more about this and am trying to get a better grip on understanding it.
As a seller, how does it work when someone offers you seller financing proposal? Who writes up the paperwork? I re...
Gregory Schwartz
Flagstar Bank requiring personal banking account
This is a new one for us.We received a notice from Flagstar stating that starting in January 2021 they will no longer be accepting mortgage payments from business accounts. We set up business accounts for each of our ...
Cherilyn Williams
Tenant with Late Rent Payment Twice within 4 Months!
I just bought my first investment property, a SFH in January. My tenants moved in March 6, 2024. I require that my tenants sign up for automatic rent payment through Rentredi in order to lease from me. It is stated ...