Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Francisca Mac Interviewing Property managers. Please share your recommendations
28 June 2024 | 12 replies
Obviously the security deposit is meant for a different purpose (towards damages and repairs)… but it acts as a goal post for us.  
Anastasia Jordan Counter Offer on Tax Sale Properties (Alabama & elsewhere)
28 June 2024 | 46 replies
I just submitted another app for the fire damaged house to my left.
Brenda Garcia Nuisance Tenant in Duplex
27 June 2024 | 9 replies
There's a real good chance that the lease requires them to do several things: upkeep on the unit is a big one (damage to property), weeds outside and landscaping (which encourage pests and insects to inhabit the property), pets authorized or not, additional tenants on the property that are not on the lease.
Shelley Peever Heavy Bag in half duplex
26 June 2024 | 4 replies
These tenants reported the wood porch floor being damaged, and since it is old, I replaced it with brand new boards. 
Amy Denzler Tired of Shenanigans. . .seeking a network in Cincinnati
26 June 2024 | 11 replies
Not saying you are wrong, but the metrics have a local element.
Rachelle Bisaillon Newbie to Screening Long Term tenants shady screening
28 June 2024 | 5 replies
:A bad tenant can lead to thousands of dollars of losses via unpaid rents, legal fees and property damages.
Jacob Beg Deficient notice to terminate lease question?
26 June 2024 | 1 reply
Hi,I would return the deposit fully assuming no damages and this would be required in most states as you weren't actually 'damaged' by the early termination.
J Zhang Does Landlord Insurance policy requires tenant screening?
26 June 2024 | 4 replies
I come from a jurisdiction where you claim can be declined if you fail to show proof of tenant screening documentation especially for property damage by the tenant. 
John Campbell LLC vs Umbrella Insurance vs Other Options
28 June 2024 | 10 replies
Converting your single-family home into a rental property involves several considerations to protect yourself and ensure smooth operations: Establish an LLC:Liability Protection: Holding the rental property in an LLC can protect your personal assets from potential lawsuits related to the property.Tax Benefits: An LLC can offer tax advantages, such as pass-through taxation, where rental income is taxed at your individual income tax rate.Insurance:Landlord Insurance: Ensures coverage for property damage, liability claims, and loss of rental income.Umbrella Policy: Provides additional liability coverage beyond your landlord insurance, offering extra protection.Deductions:Mortgage Interest and Property Taxes: Continue to deduct these expenses.Depreciation: Depreciate the cost of the property over 27.5 years, excluding the land value.Maintenance and Repairs: Deduct costs related to maintaining the property.Property Management Fees: Deduct fees paid to the property manager.Filing Taxes:Schedule E: Report rental income and expenses on Schedule E of your tax return.Separate Accounts: Maintain separate bank accounts for rental income and expenses to simplify bookkeeping.Lease Agreement:Solid Lease Terms: Ensure your lease agreement is thorough, covering rent amount, due date, late fees, maintenance responsibilities, and eviction terms.Legal Review: Have the lease agreement reviewed by a real estate attorney to ensure compliance with local laws.Tenant Screening:Background Checks: Perform credit, criminal, and eviction history checks on prospective tenants.References: Contact previous landlords and employers for references.Property Management:Regular Inspections: Schedule regular property inspections to ensure it's being maintained properly.Maintenance Fund: Set aside a reserve fund for unexpected repairs and maintenance.Moving Out of State:Communication: Maintain open communication with your property manager.
Rian Ash Eviction attorney recommendation for Contra Costa CA
26 June 2024 | 0 replies
Hi BiggerPockets Team,I have a tenant which hasn't paid rent for sometime and has damaged the property and local legalaid attorneys are helping the tenant by throwing the kitchen sink at me by false accusations :) Do you have recommendation for Eviction Lawyers in the area who I can talk to get advise and representation?