I received my 1099 misc from my property management company and they did a few things that don't seem right. First under Other Income (box 3) they listed Security deposit (refundable), pet deposit (non-refundable) and...
Does the Owner verify information on estoppel certificate or does your property manager or Realtor? Sorry if this comes off as a dumb question.
I found out two weeks before closing that Seller has provided me with wrong disclosure in rent collected. Bank deposit receipts do not match the reported data on P&L earlier for the month of Aug and Sept. Any reco...
I have had my duplex since 2007. For every tenenant that wants to renew a yearly contract I do not ask for a new deposit. I've seen on other forums that you are suppose to ask for new deposit money when renewing a co...
Just had some tenants move out and leave a large hole in what was a brand new kitchen cabinet. (See photos below.) The cabinet is laminate over particle board, and the area where the hole is located is visible from ...
I use a property manager for an out of state rental property. Last year we kept most of a security deposit for repairs after the tenant moved out. We also received some payments from the new tenants for utilities pa...
Hi all, I just recently got an offer accepted on a duplex in Michigan. The property is 100% tenant occupied and I have reviewed the current lease agreements and payment history of both tenants. Are there any potentia...
Looking to purchase my first duplex/multifamily house and was wondering.. What does everyone here think is better to buy:An occupied house with existing tenants. That may be a sign that it's a good area (?) but may al...
Hi all,
I’m just curious to find out how you all handle paint scuffs and paint damage during a tenant turnover.
The reason I’m asking:
I have a home in North Carolina that was freshly painted before the last ten...
I have tenants leaving in a couple of days. They cleaned up the place really good and I see no damages except for a few nail holes on walls which they filled and patched, but needs paint now. I have the paint but not ...