All Forum Posts by: Nick Ponte

Did you ever figure out how to do this? I own a 4 unit building that I took over 2 years ago that were converted to condos a few owners ago. I own all the condos and want to convert back to a multifamily, as it should reduce my taxes significantly. 

Last few years have been making $250k as a Realtor. I fired my last accountant as he made some errors as well as gave poor advice. I hired a new CPA and he told me to create an LLC as my name, open business checking account, and elect to be taxed as an S-Corp. I have a family friend who was just on the phone with his CPA, so he asked him, and he said there is no benefit to S-corp, and that it just doubles the work for the CPA (and their costs), doubles the work for myself, and there really is no benefit to it. I don't know who is right and what I should do.

Additionally, for the foreseeable future any money I make, I need to collect asap as I recently took out a line of credit to build a home (long story), so basically I can't really have any funds sitting in an account for a while. The other CPA (not my new one, friends CPA) stated all funds have to be taken at the end of the year anyways?

Quote from @Nathan Gesner:

Quote from @Nick Ponte:

I have a 4 unit and one tenant continues to store items in the common hallways. Now the tenant has placed a table and chairs in the middle of the lawn. The lawn is small, so there's nowhere else to put it, and I have already provided a table and chairs in an area out of the way. This tenant's table is causing issues with the landscapers. Does anyone have a clause about no items can be stored in common areas, and when they will be fined and removed?

1. This should be written in your lease and posted on the wall of the common area so Tenants can't claim ignorance.

2. Written warning that includes a demand to clean it up within X hours. Follow up with an inspection for compliance.

3. If they do it a second time, I will send them Notice of Termination for violating the lease.

HI Nate, this is good advice, but I'm wondering if there is a clause that will cover this. For example, no times in storage areas. After notification, tenant has 7 days to remove, or it's xx$ amount per day, and after 30 days it's considered abandoned. 

I have a 4 unit and one tenant continues to store items in the common hallways. Now the tenant has placed a table and chairs in the middle of the lawn. The lawn is small, so there's nowhere else to put it, and I have already provided a table and chairs in an area out of the way. This tenant's table is causing issues with the landscapers. Does anyone have a clause about no items can be stored in common areas, and when they will be fined and removed?

Does anyone know of any cloud software that is simple and useful for agents accessing a calendar to schedule floor time across multiple offices? We have "shifts" across multiple offices and chasing people down has become a hassle. Looking for something where people can sign up for a time slot at a certain office.