Florida Tenant Reporting Services: Fill & Download for Free

Hello!Call me a pessimist but I’m not surprised at all.Do I hear corruption anyone?? The New York Times reported that President Donald Trump’s family business—from which he has refused to divest—is indeed, as you put it so eloquently in your question, seeking rent relief for his infamous D.C. hotel from his own administration, as the global hotel industry continues to struggle with the financial fallout of the coronavirus pandemic.Twitter’s reaction was swift and brutal:Oh, hi, corruption.https://t.co/7kzcwZfPqr— J. Holtham (@jholtham) April 21, 2020“No swamp to drain here, folks. Move along,” remarked Tim Karr of Free Press, referencing one of Trump’s campaign pledges from 2016. Is Donald Trump Draining the Swamp?The 263-room Trump International Hotel is operated by the Trump Organization within a federally owned building mere blocks from the White House on Pennsylvania Avenue. The president’s company negotiated a 60-year lease for the space in 2013 and pays the U.S. General Services Administration (GSA) almost $268,000 per month! Landlord and Tenant: The Trump Administration's Oversight of the Trump International Hotel LeaseAlthough the Trump Organization announced plans to sell the hotel lease last year, the company’s sales representative Jeffrey Davis confirmed to the Washington Post in late March that sale plans were now on hold because of how the pandemic has affected the commercial real estate industry. 'For Sale': News That Trump Selling DC Hotel Draws Criticism, ProtestAs the Times reported Tuesday:The Trump Organization is current on its rent, according to Eric Trump, the president’s son, but he confirmed that the company had opened a conversation about possible delays in future monthly payments.The younger Mr. Trump said the company was asking the GSA for any relief that it might be granting other federal tenants. The president still owns the company, but his eldest sons run the day-to-day operations.“Just treat us the same,” Eric Trump said in a statement on Tuesday. “Whatever that may be is fine.”The newspaper noted that “the Trump Organization was barred by Congress from seeking relief from the $500 billion rescue fund being administered by the Treasury Department, and a Trump Organization executive said on Tuesday that the company had decided not to apply for a federal loan through the Small Business Administration. The company argues that it is seeking only temporary relief from the GSA while the hotel industry globally copes with an extraordinary drop in business.”Trump’s White House and the GSA didn’t respond to the Times‘ requests for comment.However, political commentators, journalists, and advocacy groups were quick to weigh in:Critics often pointed to previous arguments that Donald Trump’s continued ownership of the hotel runs afoul of the U.S. Constitution’s emoluments clause, given that it has been frequented by special interest groups and foreign officials throughout his presidency. The emoluments clause, explained for Donald TrumpThe Trump Organization hasn’t just sought relief from the GSA during the public health crisis.“The company has been talking to Deutsche Bank, the president’s largest creditor, about the possibility of postponing payments on its loans from the bank,” according to the Times. “Mr. Trump owes Deutsche Bank more than $300 million on loans connected to the Washington hotel, his Doral golf resort in Florida, and a skyscraper in downtown Chicago.”In Florida, the Trump Organization in late March sought guidance from Palm Beach County about whether it had to continue making monthly payments on land that the company leases for its 27-hole Trump International Golf Club in West Palm Beach, according to people briefed on the discussions and documents reviewed by the New York Times.This month, the Trump Organization was about a week late on its monthly lease payment of about $88,000, according to county documents. Company executives are still seeking guidance from Palm Beach County about whether they are expected to keep making lease payments with the golf industry shut down. Trump (the Company) Asks Trump (the Administration) for Hotel ReliefEric Busey confirmed ongoing negotiations with Palm Beach County to the Times and echoed his comments regarding the GSA request. “In Florida, the very county that mandated we close is the very county collecting rent,” he said. “What are they doing for others? Just treat us the same.”I hope you enjoy your socialist bailout, you hypocritical Republicans are so anathema to, Eric. I have a sneaking suspicion it will be approved.Or maybe this is an option?pic.twitter.com/38NnqDkUR6— atypical engineer (@FatuousTwaddle) April 21, 2020Cool!

It depends on two things:Who provided the mailbox in the first place:The Postal ServiceThe property owner or tenantWhat the agreement is regarding maintenantceIn the first case, a mailbox might be provided by the Postal Service itself:631.82 Refusal by CustomerIf a customer refuses to accommodate the Postal Service’s delivery mode determination by refusing to provide an approved mail receptacle or permit the Postal Service to install its own, General Delivery service may be provided at the nearest postal facility where the carrier delivery emanates or where may be otherwise available to the customer.So it may be installed by the owner — but must be approved by the post office before deliveries occur — or it may be installed by the Postal Service.It was likely not installed by the Postal Service, if it was a curbside box.Additionally, the Postal Service will generally refuse “conversion of delivery”, if they have historically been delivering to a curbside box — they will not deliver it to your door, unless you can demonstrate a physical hardship, and file a request.Even had the Postal Service installed the original box, maintenance is generally handed over to the owner of the property — or the tenant, if the lease states the tenant must maintain the mailbox.If there is no specific maintainer of the mailbox specified in the lease, it belongs to the property owner.However — the property owner usually has no requirement to replace the mailbox in a timely manner — or at all.This is because there is no implied warranty of habitability requirement in any jurisdiction of which I’m aware which includes the requirement to provide a mailbox.Ideally, the tenant would make a police report of the vandalism.Then the owner — who cannot know whether it was the tenant or a third party who vandalized the mailbox — uses the police report to file an insurance claim for replacement of the mailbox.Insurance companies will generally not pay out for this, unless there’s a police report, so that they can recover via civil suit, should the vandal be caught at some point in the future.Have you reported the vandalism to the police yet?Do soGet a copy of the police reportMake another copy for the landlordGive the landlord a copy for their insurance claimMeanwhile — if the Postal Service hasn’t been especially kind, and instituted door delivery — your mail will be available at the nearest distribution post office with general delivery service, until the mailbox is replaced and approved.

Thank you, James Dean, (lol…. undoubtedly one of my current clients) for the question.My favorite way to make money in real estate is real estate rentals. There’s a common saying with Realtors: You’ll don’t get rich selling houses, you get rich owning houses.I don’t know many investments that pay for themselves.I’ll give you an example of an opportunity I have coming up. I don’t have final numbers, but I’ll guesstimate.You buy a 4plex in Columbus, Ohio for $125k. You put $35k in it so you won’t have much maintenance over the next few years, and it looks good, which attracts good tenants. Your goal is always for half of the rent to be income. So, after your insurance, taxes, management expenses, and repairs, you want to bring in 50% of rent. In this case, it is a 4plex with 4 two bedroom, 1 bath, units. Upstairs units will fetch $550, while downstairs units will get $600 a month. So, your income is $2,300 a month. You will make $1,150.00 a month after everything on your $160,000. I don’t know many places that you can park $160k and get $1,150.00 a month back. I have 2 of these, sharing a parking lot, coming up in 2 weeks!Or, you can do what I’m doing personally. My goal is to have 20 single family homes, averaging $700 a month rent.Let’s look at a SF home investment. I buy a SFH for $50k. I get $750 a month in rent. My taxes are $75 a month, my insurance is $60 a month, 10% repairs =another $75 a month, and 11% mgmt fees =$82.50. I make $457.50 a month per home.5 of these equals $250k out, and $2,285.00 per month income. It’s a smaller output, so you can buy one a year, instead of the $160k at once, and see how comfortable you are with investing. Plus, single family homes are easier to sell in an emergency situation.Multi family is great for cash flow, but your risk tolerance must be higher. Problems with multifamily are:1.) Less desirable tenants. Most tenants prefer a home over an apt.2.) Tenants don’t feel it’s a permanent solution to their housing needs. You will keep a tenant longer in a single-family home. I’ve had some stay 5 years plus. Less turnover = better returns.3.) Since tenants don’t want to be in an apt long term, they don’t take care of their apt like they would a home. Maintenance expenses are 15% a year average, as compared to 10% average on SFH’s.4.) BUGS. You treat one unit, they go to the next. You don’t treat, the tenants move.5.) Parking disputes, and tenants fighting. We recently had a woman who was 8 months pregnant beat up two 19-year-old males for parking in front of her unit, in public parking. Hormones??6.) Taxes. You can never get them lowered, because it is clearly an income generating property.7.) Water bills. Most multifamily homes don’t have separate meters. You end up paying for the water 50% of the time. And it only takes one tenant going to Florida for Christmas to turn their heat off to save money while they are gone, thus freezing their pipes in a cold snap and potentially flooding 4 units instead of one. Yuck!Now-that’s not to say multi family is bad. You still manage to make 5% more with the same money out, in multifamily. The headaches are just much more extreme. If you have an awesome property manager (like my company-shameless plug….) you will still love those greater returns.It is much more important with multifamily though to look at your investment in quarterly increments, or yearly, if you are a nervous investor. You might have 8 services calls in one month, then none the next. If you are closely tracking monthly, you are going to give yourself a heart attack. Your PM can’t help it if 8 things broke in the same month, but you’ll want to chew them out. You need to be hands off and look at your owners reports quartly, bi-yearly, or yearly. It always evens out, but it’s hard to talk high strung clients off the cliff when it happens, and you need your PM to like you. The better client you are, the better they are to you. There isn’t much money in property management. Most PM’s are only in that business to take care of big clients who buy, or to service their own portfolio. But that’s a whole other topic…Or you can buy a single-family home in a good school district. $150k out = $1,500 a month in. But, you get appreciation, and vacancy is a non-issue.So, you get $750-$800 a month, and your home gains appreciation to the tune of about 4% a year, starting the 4th year.I always coach my first-time buyers to start saving for their next home at the closing table of their first house. Then, when they call me to sell in 4–5 years, because they are pregnant with #2, they can move to a bigger home and rent the original home out. Why? You might make $25k for your next house down payment if you sell. If you don’t sell, and rent instead, that house will likely be paid off by the time your kids graduate college. It’s worth it, even if after the mortgage, etc. you need to throw in $100 a month. Pay it off a few years before they go to college, put it in an LLC or S Corp, so the entity can pay the taxes on it, don’t take any distributions on it, and keep renting it. It won’t count toward your financial aid then. Have the child take out loans for college, then sell that now $225-$250k house and pay off all, or most, of their student loans (minus taxes of course!) Sounds a lot better than paying the $1,000 + bill monthly during college, doesn’t it?Whew…. this was a long one. Hope it helped!