Nathan Williams
I was served a CDC declaration
This is in Indianapolis. This tenant has been current on their payments up until their September 1st rent and sent a CDC declaration. I been giving them a "temporary" 15% discount and have forgave any late fees on t...
Sharad M.
How much of the security deposit you would hold?
Hello all,
Here are the facts:
1) Tenant is on a month to month lease.
2) Rent is due on the 1st and considered late on 4th.
3) Late fee is $50 plus $10 for each additional late day.
4) The tenant didn't pay Novembe...
Mahmudul Shoikot
Does Landlord need to accept the church charity /assistance of tenant's rent payment?
I live in South Carolina, and I have a rental property in Texas. I have a tenant who is a nurse with a decent income. She normally pays rent on time except for the last couple of months when she paid a few days late w...
Marcus Griffin
Buy subto sell via wrap question
Im closing on my 1st subto deal at $300K(240k mortgage balance, $60k Partial claim balance) Seller interest rate is 3.4% payment is $1900. I'm looking to wrap this to a end buyer for $350k at 9% interest 10% down. Sho...
Brandon Bozarth
Late Payments but otherwise great tenants… what to do?
I have a tenant that for the last 3 months now has paid around $900 of the $1200 rent on time and then the rest around the 20th . The PM has been charging late fees but they don’t pay them. They are struggling to pay...
DJ Cummins
So, I am being fined by the IRS. Do I have any options?
Good morning everyone,So last night I got a letter in the mail saying that our business tax returns were never received, and my wife and I are each being fined $195.00. We own 3 different LLC's, and Mailed all 3 retu...
Megan Arzt
Partial Rent received. Now it's late. What to charge?
So my tenants paid $1000 of the $1200 that they own me. Rent is due on the first, but late fees don't kick in until after the 3rd (on the 4th). The late fee is $30- day. Do I charge them the whole late fee or pro-r...
Denzel Hamilton
Yellow Letters
Can you guys give me some examples of what my yellow letter should say?
Thanks in advance!
Chris B.
Possible problem family in my rental - Steps to prepare for this?
I recently had a tenant family of 5 (3 adults who all signed the contract) move into a property of mine. I did a background check and called the past landlord who lives out of state. Landlord gave a good review and ...
John Underwood
Pigeon Forge area market report
Saw this from a Realtor in the area:Understand a large portion of this market is STR's. The market is on the move with a median sold price of $576,500 and a 5.41 Months Supply of inventory. ______________________First...