As a forensic accountant and fraud examiner, I have dealt with numerous cases in which a land owner and general contractor face disputes with one another 1. Over the amounts of materials actually purchased and used fo...
Utilities in my investment market are a giant pain. I call for revert-to-owner, they mess it up, the tenant turns off utilities and then it doesn't revert. Do management companies typically handle the utility companie...
Hi everyone,I am trying to figure out what the depreciation basis will be for the property that I will be closing in two weeks.I am buying a property with full cash, doing some minor exterior rehabs (place is already ...
Hello BP! Looking for some advice/feedback. How do you bill clients for repairs due to negligence? For example, we just had to have a plumber come out due to a clogged toilet on one of our properties. The clog was ...
Hello fellow landlords,Looking for your guidance about how to facilitate and minimize any impact during a property management transition. - what documents should i ask from the current property manager (beyond: lease...
I have just rehabbed a home in San Antonio, TX. I will be selling this home soon. It is now under contract. I did not use a GC for this rehab. I had my RE agent act as the project manager. The problem I have is that ...
When should you pay a contractor? Should you pay them in increments, with a deposit in the beginning, again midway through the project and lastly once the project is complete? Or is there a better way to protect both ...
Hi everyone I’m in the middle of my first flip. I locked up a single family home (roughly 2600 sq feet) with 5 beds and 3 baths for $454,000.The ARV for the area tells us we can probably sell the house for 685-700k on...
Apologies in advance if this is the wrong area to post. I am pretty fed up with my contractor and would like some advice on what my available options are. I started the renovation/remodel of my four unit complex in Ap...
My fiancée and I just bought our first duplex that is already occupied. We hired a friend who does maintenance for a large real estate management company. He has recently started doing personal jobs on the side but is...