Level 15
06-25-2020
11:28 AM
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The existing tenant paid rent for 4 months but then refused to vacate when given notice so that the property could be fixed up and sold.
They had to hire and attorney to evict the tenant and ended up giving the tenant $12,000 to get out.
The attorney fees and the tenant payout are expenses on Sch E, right? Its just a huge amount of money for only having 4 months worth of rental income...in my head it makes sense, but when I see that huge loss on the Sch E, it makes me second guess it.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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