No kids, she lives alone.
In CT there's no gas deposit required. You are billed the amount of gas you used the previous month. She already has an account with the gas company since the water heater uses gas. I guess she's just trying to keep the gas Read More
It sounds like the gas deposit is probably too costly for her.
Does she have children living there also? Read More
I have a new tenant who recently moved in the 2nd floor apartment ( 2BR, 1BA) of a 2 unit building. Her unit was completely remodeled. Brand new kitchen appliances, windows, baths, floors, water heater, gas furnace etc. She is a teacher and also sup Read More
re-glazing is the way to go. I've done in in the past and it's still holding with no need for touch ups. You can do the same for the bath wall tiles or you can just paint the wall tiles. Just make sure to use the correct primer and paint. Read More
I never used a holding company but I know you can create a management company for all the properties. This way you only need 1 bank account Read More
This is a big red flag!
In CT where I am for example, you do not need any money to turn on the electricity or gas. The utilities are turned on and then you are billed at the end of the next billing cycle... unless they find out that you owe them som Read More
Dodd-Frank is set to go into effect Jan 10, 2014 and it makes all new rules re housing including MHs.
Lots of ongoing discussion re its rules and nothing really set in concrete just yet. Read More
The bottom line is that the government can't tax owner financing as well as it can bank financed sales. With owner financing you pay as you go with income and capital gains taxes. When the bank does the financing and hands you a huge wad of reported Read More
Scenario is that the property is a great deal. However the owner has passed away and the property is still deeded to the owner.
Owner does not have a will. So what would you do?
I decided to let them have 2 weeks' on our account and they will be billed for it; along with a surcharge for the convenience. Thanks for the suggestions Read More