All Forum Posts by: Vik John

Have tanent who paid rent for continuous 3 months ( June - sept) in 2023 but didn't pay rent for rest of the year and didn't leave the house and end up with eviction process, so for rest of 3 months of the year we didn't receive the rent.
So in Schedule E form. What will be Fair Rental days - 92 Days ( for the days rent received ) or 183 ( rent received for 92 days only but the property was not vacant )

I

Thank you. So my situation is rental loss for last 3 months of 2023 and first three months of 2024. So I can file all loss in once next year 2025 for both 2023 and  2024 without filing amendment for 2023?

Yes it was rent for three months and then tenant had to go with eviction process for not being paying rent due to job loss.

Hello,

Can I include rental loss in my tax filing for last 3 months of 2023?

thanks

Hello,

Have hired a property management company 1 year back . After 1 months for searching another tenant this month ,  he found a tenant who was divorced and forced to sell his property, as he said to my property management company . My property management thinks he is qualified based on just 4 pay stubs, employment verification and one screen shot of bank statement (just total. )

when I ask my property management to ask that guys to show actual bank statements ( not screenshot of avail balance) and w2.

my pm said, “it’s easy to find fraud using screen shot. the more I wait the more I loose. If you are not happy with the service we provide, we can end our relationship or lease a sign’

what do you think, should we sign a lease ? The new tenant has credit score 625 and doesn’t have rental history.

Hi,

Recently I finished my basement of roughly 1200 sqft. Should I appraised my house.  Though I don't have any plan for selling my own for next 5 years.

Just want to protect my investment. This house was built in 2017 and refinanced in 2020.

Thanks 

Hello everyone,

I would like to thanks and appreciate for going through my post.

SO, I  just signed contract for a house for an investment and however seller wants closing on May, 26 and we have more than 6 weeks left. 

So I was thinking to lock the rate in the beginning of May.  However, my lender is offering me 6.375% for 30 years now and warned me that rate may not change or may go up in next few week.  I see today's mortgaged rate went up.  

Should I wait until beginning of the may or lock the rate now,  Will the rate go down in April end or beginning of the may 2023.

Please advise.

Thanks

Thanks Eliotts. Appreciate.

I am not 100% following you. Could you please elaborate, that will be a great help.

Thanks

I am buying one of the below investment properties both are houses with no HOA.

1. A two-story house 3 beds and 2 bath  (total 1400 sqft, includes basement upto 350 sqft) . Rental income = $1600 per month as rentometer

2. A ranch house with 3 beds and 1 bath ( 900 sqft with no basement) : $1300 per month as rentometer

Both the house in same area just 4 miles away .  but the 1st one is closer to groceries/pharmacy and is more kind of remodeled. 

Would you pay 45k more for the 2-story house ?   

Thanks