5 November 2025 | 3 replies
They always pretend to be confused and just want us to send someone.7) Some will cause damages that S8 won't require to be fixed, but will threaten to move if you don't fix it.
4 November 2025 | 2 replies
“Do not let wet clothing or towels sit for long periods — they can cause black stains on walls or ceilings.”Have tenants sign a Mold Addendum acknowledging that they understand their role in preventing moisture issues and will notify management promptly if they see any black stains or experience leaks.Landlord ResponsibilitiesAddress leaks, water intrusion, or condensation issues immediately — prevention is key.Hire licensed contractors for roof, HVAC, or plumbing repairs.Keep documentation and photos of all tenant complaints and maintenance actions.Maintain proper ventilation and dehumidifiers in basements or areas prone to moisture.If mold is confirmed, notify tenants in writing about the remediation process and timeline.Tenant ResponsibilitiesReport leaks or water damage as soon as possible.Use ventilation fans during and after showers or cooking.Maintain reasonable cleanliness and avoid over-humidifying the space.Follow the instructions in the Mold Addendum and cooperate with access for repairs.Final NoteMold prevention is a shared responsibility between the landlord and tenant.
3 November 2025 | 5 replies
That should transfer to you, so you can keep their deposit if they cause any damage or theft.
3 November 2025 | 6 replies
You've gotten some good answers so far and you’re in a good spot, just need to plan your next moves and maybe look at your entity structuring as having a spousal partnership is not always the best way to structure as it causes extra compliance fees for you.For your question on the QBI loss carryforward, it means future real estate or business income won’t qualify for the 20% QBI deduction until that $150K loss is used up.
3 November 2025 | 6 replies
Skipping that can cause compliance issues and make taxes feel heavier since nothing’s been withheld through payroll.You’re also right that the LLC can’t pay your personal taxes directly, but it can make owner distributions so you have the cash to cover them — just make sure they’re proportional to ownership.As for switching to a C-Corp, that usually leads to double taxation unless you’re planning to reinvest all profits back into the business.
5 November 2025 | 20 replies
The section continues, “… Bed and Breakfast establishments, boarding homes, dormitories or multiple units, or any other similar lodging arrangements are specifically prohibited.”Section 3 – Commercial Use – states, “…no part of a Lot or Dwelling shall be used or caused to be used or allowed or authorized in any way, directly or indirectly, for any business, commercial, manufacturing, mercantile, storing, vending, or other such nonresidential purposes…”.
3 November 2025 | 6 replies
Not only does this cause more issues and expense down the line, but it reflects poorly on the PM group as well, and makes it difficult to fill units because renters see the property as not being well maintained and won't recommend or rent from other units in our portfolio.
4 November 2025 | 4 replies
Cause if I need a miracle, I wanna be able to get it.But I still did find a way to generate short-term cash in RE while mitigating the GC/Rehab risk.
3 November 2025 | 6 replies
Nate I agree with the other poster, if it is causing problems with others let them break the lease and find another tenant.
2 November 2025 | 7 replies
I personally haven't worked with them but there's got to be something causing you the ask the question.Cheers