All Forum Posts by: Vannak Kann

I'm going to check with the city again tomorrow to confirm, will let you all know. Thanks much for helping. 

Hi All,

I plan to rent my single family home but in Fresno where i live in the water and waste management bill are separate.

1. Water - offer by a company 

2. physical waste/sanitation - offer by the city.

The issue now is that either the city/water company allow tenant to have their name on it. it has to be a landlord. I plan to have the tenant pay for those bills

I realize that i could pay those bills and charge extra to cover those item. But water is meter.

Can someone please recommend a solution. 

Thanks all,

I will let you all know after i talk to a CPA.

Thanks all,

My friend is a not a CPA, he works in the IRS. I also talked to the tax preparer, not a CPA. They both said the same thing. I think I'm going to take it to the CPA for this.

My monthly mortgage is around $750 and my mom paid $665 per month. My questions is that would i get $665 as income every month. Wouldn't that increase my income which in turn increase my taxable income?...

Hi All,

I recently purchase an investment property, but i rent it to my parent at lower price, not at a market rent value. My question is:

1. Can i file my tax under a rental property, the reason is that i want to deduct the $ i spend on fixing the property.
2. I was told by a friend that i can't because if i do, then my mom has to file a tax return because she is getting income by not paying full rent price. (She's on disability at the moment, her income is not taxable)
3. I already file this year tax and file this property as a personal property.
4. Which way is a better way to file the tax, as a rental property or as personal property. i know that i get tax break on the loan interest if i file under personal property. Has anyone ever face with this issue before?.

thanks in advance

Another good site is http://www.hudhomestore.com/Home/Index.aspx

government site.

Hi All,

I see a HUD home that i plan to buy and rent a room, the condo is foreclosure for $55000 however the c/c fee is around $540 per month, since i'm currently renting, i'm planning to offer cash for the property then live there. Then rent the other room to other people.Assuming if i later move out, i can still rent them.

Can someone tell me if there is any flaw to this logic?..also since i cash this property, i'm planning to offer $50000, anyone tell me what's i should do to make sure i pay the right offer?....there is a similiar condo in the building 2 bed and 1bath sell for $75000.

thanks all.

Let's show some love for Android user. I just switched from iOS device. I was so sick and tired of the small screen, one size fit all approach. Why not develop Android starting 4.0 and up. It's better to have something than not.

Thanks all for the information. I wouldn't rent at a loss, the only reason i rent at a loss because i'm helping my parent. At the same time i want to make sure if there is a tax break on those loss. :). thanks again for the information.

Hi Kurt,

I'm wondering how you derive the number. would love to learn.