All Forum Posts by: Mary Jay

Quote from @Basit Siddiqi:

Sounds like a bogus story.

A) for a return to go through the audit process, it would take seveeral years(in most situations), therefore, the owner would have these people hired for many years without realizing they were shady / crooks?

 I am not sure ab the details. But lets say a hypothetical person hires an accountant and that accountant makes a mistake and the IRS goes after that person and not the accountant?  

Quote from @Russell Brazil:

Sounds like your friend is a crook and just trying to make a story up that makes him look like it was someone elses fault.

 That's what I was thinking too...

Hi guys,

I have a question for you:

I have an acquaintance who went to jail for tax fraud. He says another big business came to town and wanted to buy him out, but he refused. So that business sent a couple of accountants his way and he did not know it was a set up and hired them.

He trusted them and was staying out of their business but those accountants set him up, and during an IRS audit there was something that he went to jail for.

I am kind of unclear, would not it be an accountants fault since they did his taxes, and not his fault?

How to prevent being set up like that?

Quote from @Nathan Gesner:

The best protection? Strong screening, strong rules, regular inspections, strong enforcement.

I manage up to 400 rentals and about 150 of them have pets. I have bad pet damage once every 3-4 years.

If on an inspection you check and now the tenant has a pet or you are unhappy with the way the property looks like, do you not renew the lease? My thinking: the damage is done so let them live there as long as they are paying...

Quote from @Russell Brazil:

The tenant didnt give you permission to keep the security deposit. They gave you permission to shove it up your ***.

Now if you show up to court and pull the security deposit out of your ***, then I think you will be ok.

 Great idea lol If the tenant decides to sue, I will just say: I did exactly what the tenant said, so there is no grounds for this law suit 

Quote from @Nathan Gesner:

Quote from @Mary Jay:

It doesn't matter what he said. He caused damage to the property and is contractually and legally obligated to pay for that damage. Apply the deposit. If he still owes more, send him a bill and give him 30 days to pay for it. If he refuses, turn him over to collections.

If you follow the lease and the law, you don't have to worry about how the tenant is going to react.

 Thank you so much! Do you need a court order to send to a collection? 

thank you so much!

thank you so much, guys!

Quote from @Eric Gerakos:

Why I don't allow pets.

 Neither do I...Yet, somehow they show up anyway

Hi guys, Ive been having a difficult time with some of my properties that have carpets. The tenants would leave gum, cat pee/dog poop, etc on the carpets, so I had to change them. The tenants moved in and said they have no pets (make 100k per year, credit above 700, looked clean), then they lost their job and I had to do an eviction.... Another rental, section 8, moved out and there is a pet pee and poop ingrained into the floor. 

All other rentals are ok, usually just professionally cleaning the carpets is enough..

But after those who ruined the carpets now I have to change the flooring and thinking what will be the most durable for tenants like that?

Do I understand correctly that the tile for tenants like this will be better than vinyl plank?

Because if they dont clean out animal pee and poop right away, vinyl planks can get damaged...

At least if there is tile then I can wash the flooring with bleach... The pee/poop smell can get onto the tile grout, of course...