Tax Refund heads up
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
     
     
Tax Refund heads up (by BRAD 20,000 [IN]) Feb 11, 2019 11:57 AM
       Tax Refund heads up (by BRAd 20,000 [IN]) Feb 11, 2019 12:00 PM
       Tax Refund heads up (by S i d [MO]) Feb 11, 2019 12:15 PM
       Tax Refund heads up (by 6x6 [TN]) Feb 11, 2019 12:39 PM
       Tax Refund heads up (by Paulio [PA]) Feb 11, 2019 1:44 PM
       Tax Refund heads up (by AllyM [NJ]) Feb 11, 2019 2:52 PM
       Tax Refund heads up (by GKARL [PA]) Feb 11, 2019 4:21 PM
       Tax Refund heads up (by Vee [OH]) Feb 11, 2019 6:48 PM
       Tax Refund heads up (by Wilma [PA]) Feb 12, 2019 11:21 AM
       Tax Refund heads up (by Ray-N-Pa [PA]) Feb 17, 2019 2:54 PM

Click here to reply to this discussion.
Click Here to send this discussion to a friend

Tax Refund heads up (by BRAD 20,000 [IN]) Posted on: Feb 11, 2019 11:57 AM
Message:

I’m seeing multiple articles and reports saying tax refunds are X% lower, some people surprised they OWE taxes.

Many LLs accept the excuse from late payers that they will “catch up” when they get their tax refund.

My suggestion: don’t count on it. Zero Tolerance on Lates works. Don’t let them fall behind AT ALL! Don’t fall for the “just tell your LL you’ll pay with your tax check” put off they learned in Deadbeat University.

-They can use firms like H&R Block to get an advance on their refund

-get a copy of their filing papers. Many are just wishful thinking, not yet filed.

-with PayDayRent they only need $180 for this week’s rent.

-in 42 years of LLing we’ve only had a few actually catch up with a tax check. TVs, car repairs, and depsoit on another rental/move out usually come before catching up old rent.

BRAD --73.102.xxx.xxx




Tax Refund heads up (by BRAd 20,000 [IN]) Posted on: Feb 11, 2019 12:00 PM
Message:

PS

Just because they SAY they will catch you up does not mean it happens.

Even if they get a check nothing says they have to pay you with it.

BRAD --73.102.xxx.xxx




Tax Refund heads up (by S i d [MO]) Posted on: Feb 11, 2019 12:15 PM
Message:

What's the old motto: "In God we Trust...all others pay cash?"

Just so!

I can't spend an unfulfilled promise, and so I don't take them. The lease was the original promise. To not pay is to break the promise. Why trust the word of someone who has already not kept their promise once?

Wishful thinking. ZT all the way!

Imagine what a business owner would do if the employee didn't show up for work one day....2 days...3 days... At what point would you fire the person?

Our tenants are our employees in the sense that we get value out of the resources we place into their hands. Wish we could fire them that fast... --173.20.xxx.xxx




Tax Refund heads up (by 6x6 [TN]) Posted on: Feb 11, 2019 12:39 PM
Message:

That is a good point Brad.

You too Sid --73.120.xx.xxx




Tax Refund heads up (by Paulio [PA]) Posted on: Feb 11, 2019 1:44 PM
Message:

I agree. Good point.

Deadbeat University...hahahaha! So many alumni! --74.47.xxx.xxx




Tax Refund heads up (by AllyM [NJ]) Posted on: Feb 11, 2019 2:52 PM
Message:

I just tack an amount onto the next few rents to get back rent back. --173.61.xxx.xx




Tax Refund heads up (by GKARL [PA]) Posted on: Feb 11, 2019 4:21 PM
Message:

Just had someone try to pull this stunt with me. It went over like a lead balloon. I'm not chasing someone's tax refund. --172.58.xxx.xxx




Tax Refund heads up (by Vee [OH]) Posted on: Feb 11, 2019 6:48 PM
Message:

Borrow the rent money from someone before you get really stuck, sending rent bills to someone that is already behind does not pay them, just shows the tenant what they already know, and the manager awakens they are giving away rent money.

--76.188.xxx.x




Tax Refund heads up (by Wilma [PA]) Posted on: Feb 12, 2019 11:21 AM
Message:

I just shake my head at how people don't understand that getting a refund means that Uncle Sam is getting the use of their money for free. With so many good calculators out there, it's pretty easy to adjust withholding. I always aim towards owing some.

But so many view it as free money. So dumb. --71.175.xxx.xx




Tax Refund heads up (by Ray-N-Pa [PA]) Posted on: Feb 17, 2019 2:54 PM
Message:

I will gladly pay you Tuesday for a hamburger today --72.23.xxx.xx



Click Here to send this discussion to a friend
Report discussion to Webmaster


Reply:
Subject: RE: Tax Refund heads up
Your Name:
Your State:

Message:
Tax Refund heads up
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: