
20 May 2024 | 88 replies
LLCs basically don't do anything for taxes on rentals, with rare exceptions.

18 May 2024 | 19 replies
It is a good policy, not catastrophic coverage, it compares to the policy I had at my old job except prescriptions are a little more expensive.

17 May 2024 | 12 replies
***Only exception is if an owner has plan & funds to reposition Class D to Class C or higher.https://www.biggerpockets.com/forums/776/topics/960183-what-they-dont-tell-you-about-cheap-rental-properties?

16 May 2024 | 2 replies
You need to stop or it will just get worse and then you will be back here with serious problems.You need to politely, yet firmly, tell her that she has gotten too demanding and that from now on she needs to handle everything herself...except major problems like non-working appliances.

16 May 2024 | 25 replies
This falls under section 6.01 of that revenue procedures each year, the most recently applicable would be Rev Proc 2024-23, but the same language has been floating around in this annual Rev Proc for closing in on 10 years - note there are various caveats so this isn't a blanket statement on all changes related to depreciation expense changing in the second year.Before this, the mindset has been that one was required to amend, given except for this language, per the IRS one has only adopted an accounting method if they have used that method for at least 2 years.

16 May 2024 | 5 replies
A few evictions later I got with the program quit listening to SOB stories, with the exception of 1 tenant who became a tenant for 7+ years!

14 May 2024 | 5 replies
This type of survey is crucial for ADU projects because it reveals the lot’s contours, slopes, and elevation changes, which are vital for foundation design and drainage planning.

15 May 2024 | 4 replies
Idaho does have an exception if you do 5 or less a year with some other caveats of course.

17 May 2024 | 25 replies
I'd be willing to bet most of the tenant problems people post on BP about are when they make an exception to their screening criteria.

15 May 2024 | 15 replies
I don’t have money saved up except an emergency savings fund.