All Forum Posts by: Greyden Piechnick

Hello!
I have my first duplex and about to finish rehab. With that being said it’s time to start thinking about finding a renter and how to manage payments.

What are the best apps to use to manage tenants and collect rent?

(Tenant cloud ?)

Thank you all for the reply! You are right my mom is correct. She isn’t a real estate professional and was explaining to me the same things you guys are. The properties cashflow and produce income. So they are not at a loss each year. 

I just figured there was a way to write off and save money in taxes. But since she makes over 150k, I guess there isn’t a anymore. She said she used to be able too the last couple years but not anymore. It seems as if she would have to reduce her W2 income but that seems counter productive! 

Thank you all again for your time. 

Hello!
My mom owns 5 rental properties. She is telling, me since her and my stepdad make over $150,000, she cannot utilize tax write offs until they sell the property. She is claiming that the write offs will be used to offset the capitol gains tax when they sell.
Is there a way for her to utilize the tax advantages of real-estate through the 30 year ownership?
What happens if she never wants to sell and pass it down to kids?

How can the tax advantages still be used?

Surely there has to be a way, as Brandon and David use the advantages and they make way more money!
pls help. Thank you!

Hello!
My mom owns 5 rental properties. She is telling, me since her and my stepdad make over $150,000, she cannot utilize tax write offs until they sell the property. She is claiming that the write offs will  be used to offset the capitol gains tax when they sell. 
Is there a way for her to utilize the tax advantages of real-estate through the 30 year ownership?
What happens if she never wants to sell and pass it down to kids? 

How can the tax advantages still be used? 

Surely there has to be a way, as Brandon and David use the advantages and they make way more money! 
pls help. Thank you!