Do what you have to do to evict those renters!
Posted By: hls on 2006-09-05
In Reply to: Okay. Where do I begin? I need some advice! My husband is in real estate. sm - New To Penny Pinching
I would not care if it were the Pope himself not paying the rent. Unless you are advertising yourself as a charity, get yourself down to the courthouse and be prepared to serve your renters with eviction notices TODAY. This should have already been done! Why are you even still wasting your time with calling them? It is not too tough to avoid people these days with caller ID. You need to have been pounding on their doors months ago!
Ask more questions the next time you close on a house. I have closed on MANY houses and always knew within a few dollars how much I would need to bring to the table.
Good luck to you.
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You may need to formally evict him (sm)
if you've let him stay that long, but at least that would get him out. Check it out, because it would be horrible if he could turn around and sue you for unlawful eviction.
renters have rights
Ask for a copy of the bill from the cleaning company they hired to clean it. If you had a pet, carpet cleaning comes out the nonrefundable pet deposit. Typically, if you have lived in a place for more than 2 years, the mgmt company has to replace the carpet and repaint the walls anway. Check it out in your state and local community. They have to have a bill for the 160 dollars. They can't just charge fictitious amounts and have their own people do it.
And renters can't write off at all, correct?
?
Yes, renters can write off percentage (sm)
of apartment/house used for work. In the area where it reads, "rents," you can write off percentage of house used.
Brother is a tax attorney and helped me out with this. I used to pay a fortune, but no more! On top of that, if you are claiming under $25,000.00 they don't even check for small businesses anymore.
Just trying to help. You sound like a tax man! A tax man will say the same thing, you can't write off this, you can't write off that, but if you read the IRS publications there are a lot of things you can write off. They don't want to end up in tax court, want to run through your return and get it done. They don't care if you pay a fortune. If you have receipts for everything what are they going to do? The IRS is not going to bother with our piddly incomes. 
REnters can write off part of the utilities...
and rent in proportion to the amount of space dedicated exclusively to work. You can write off part of your renter's insurance, too, as it covers your computer, reference books and such.  The point is, renter or homeowner, you can write off all work-related expenses (just remember the "write-off" is only a percentage of the actual expense).
Yes, hound the renters every 5 days and at least get 1/2 of their rent
and then collect again in another 2 weeks.
Also, is the house a done deal? Can you back out of the purchase even if you took a loss? That might be the better way to go.
Lastly, you said your SUV took 30 bucks in gas. Is your SUV paid for and if so, can you sell it to get something more economical on gas? That might be an option until things get better.
Truly, these are just suggestions, meaning no disrespect.
Again, best of luck with everything!
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