This elderly tenant signed the lease for one year. Paid first and last month rent. Started to move some boxes and light furniture in the next 2 days. On the 3'rd day, I received a phone call from her daughter who rep...
Hey OOS investors,I am thinking of replacing the property management. How can a PM f'up not receiving section 8 funds is baffling to me. I understand everyone is a human, mistakes happen. I noticed that for last quart...
Tax season may be a few months away still, but what should you expect if you're a first-time limited partner?
What to Expect: Equity Investors
As an equity investor, you will receive a K-1 from your op...
I used certified mail to send a 60 days lease termination notice to tenant, the mail should arrive one week ago, but today when I check status online, it still shows in transit, so I called the post office to ask why,...
I am looking into buying a retail business that my friend will run and manage. I will do virtually nothing in the business but maybe some paperwork like tax prep. I want to run it as an S Corp and am wondering if the...
I have a tenant that has started paying late a couple of times. We usual receive her pmt a day or 2 after the grace period is up. I have noticed that when she drops off checks that she will back date them to the 5th (...
Today I found a letter from the USPS ( Post Office) in my mail box offering some new services amount which "street addressing" and "signature on file". Looks like they are trying to offer a similar service as the UPS...
Hi BP,I have a young couple living in my condo her in New Jersey for almost 3 years now. Over the weekend I received a call from the husband saying his wife has done some illegal activity (not inside the condo) and sh...
Hello BP!
I have been receiving letters informing me that my "VA guaranteed loan has been tagged for inclusion in our VA IRRRL program".
I called the number on one of the letters (I've received many), an...
I've seen several types of calculations used to determine return on a note. One is the cash on cash method, and the other most frequently used is the IRR.
I am familiar with how to calculate both on typical r...