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Landlord holding deposit, fight or pay?

GAJ said:
As a small landlord that would never be something I'd personally consider.

Simple gifting with near market rent for me would be the answer to not raise the ire of the irs.
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Size isn't the issues to the IRS: it's how you treat the asset. "Near market" is a judgement call. If anything, I'd worry about that inviting an audit. YMMV.
 
I think I would fight and go after the 3X the deposit penalty... not for the money as much as for a FAFO. What others might see as a waste of time and effort, I would reframe as a form of personal entertainment. :laughing
 
Rtmac said:
I think I would fight and go after the 3X the deposit penalty... not for the money as much as for a FAFO. What others might see as a waste of time and effort, I would reframe as a form of personal entertainment. :laughing
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It's certainly more of a power issue now. Wife pointed out, the couple has 2-3 other properties, plans to move into this one now after a "quick" kitchen remodel while so they can full remodel their current $2 mil home, then move back in a year. Soo.....the $600 from us is pennies to them. The wife is on some trip.

So they got an email and a certified letter in the mail today. Game on!
 
Dubbington said:
It's certainly more of a power issue now. Wife pointed out, the couple has 2-3 other properties, plans to move into this one now after a "quick" kitchen remodel while so they can full remodel their current $2 mil home, then move back in a year. Soo.....the $600 from us is pennies to them. The wife is on some trip.

So they got an email and a certified letter in the mail today. Game on!
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maybe you should send a follow up bottle of lube to make your intentions crystal clear.
 
Dubbington said:
It's certainly more of a power issue now. Wife pointed out, the couple has 2-3 other properties, plans to move into this one now after a "quick" kitchen remodel while so they can full remodel their current $2 mil home, then move back in a year. Soo.....the $600 from us is pennies to them. The wife is on some trip.

So they got an email and a certified letter in the mail today. Game on!
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Fuck YEA! How to I pitch it $5 to keep this show going? (also after its all over please consider listing the address so the rest of us avoid falling into the same landlord trap.... yea that the reason for sure... not because anyone on here would consider riding by and taking a dump on the front lawn every few weeks.... Never)
 
Sharxfan said:
Like the letter but certified mail with a receipt is a must for all legal paperwork as it gives you a paper trail and is CYA so they can't say they didn't get it.
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Yes this is a good idea as well, however is added pain in the ass regarding a persons time. If email or text has been a normal form of communication (reads like it has), sending a certified letter isn't necessary.
 
sidewazzz said:
Yes this is a good idea as well, however is added pain in the ass regarding a persons time. If email or text has been a normal form of communication (reads like it has), sending a certified letter isn't necessary.
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If you want it to hold up in court then certified mail with receipt is the way to go. When I had to send some correspondence to a company my lawyer friend said do it with certified mail because lawyers hate it and can't use the we never got it excuse to duck it as someone has to sign for it. Same if i have to serve someone with papers via the mail.
 
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