Freeman Schultz
Questions about insurance claims and tenant liability
I had a discussion with a colleague about a tenant who damaged their apartment. Tenant flooded a unit, which caused damage to the unit below. Insurance is called in. Does inspection and the estimate is higher than the...
Terry M Jordan
Quit claim to get off of mortgage?
Hello and thanks in advance these forums have been a big help. My brother went through a divorce and the ex wife got the house. Shes been ordered to pay the mortgage and refi into her name by 2032. How can he get hims...
John Jeff
Should I file a claim? Please help!
Hello, We were out of town and our neighbors check on the heat etc at home when we are away. This time, when we were gone on vacation, our neighbors opened the kitchen sink faucet very little because it was freezin...
Jennifer McCurrach
Chasing Former Tenant for Small Claims Court
Tenant moved out on the 6th with an email stating he was moving out THAT DAY. Stiffed us on that month's rent and late fee. Left the fridge full of toxic mold. Bathroom and kitchen dirty, and a large "repaired" hole i...
Cynthia Hartley
Should housemates' rent be claimed as income?
Hi all,Can/Should a homeowner with housemates claim the income (rent) and a portion of expenses (landscape maintenance, cleaning service, utilities, home repairs) on taxes as a business expense, if it is the homeowner...
Ceril S.
Seller claims had permits for work done...
I know that there are mixed feelings here about the necessity of permits on work done, but here's our story. We are less than two weeks from closing on our first rental - an owner occupied 2-family. We know that she h...
Alan A.
Positioning oneself for first loan: Claiming taxes
Hello BP.Thanks in advance for taking time out of your day to consider my question.I am trying to position myself to obtain financing for another rental property next year.I currently have one rental property, of whic...
Tony Marcelle
Owner purchased house with quit claim deed.
The owner of a vacant house I saw is supposedly owned by a guy who paid cash for this house. The public records does not show sale history with the person's name anywhere on it as the grantee. I found a company name a...
Robert Shoffner
Quit Claim-does title insurance still cover?
I have a title issue that popped up that will be getting worked out over the next 12 months or so. In the meantime, I wanted to quit claim the two or three properties the entity owns into other LLCs or land trusts in...
Rick Bassett
Prospective tenants claiming their landlords are selling
As of late, there seems to be a bumper crop of prospective tenants claiming that their reason for seeking a new rental unit is that their landlord is selling the property. Yet, the number of houses coming on the marke...