Feel free to reach out with any accounting questions.

Please consult with an accountant specializing in real estate taxation. 

Keep the text from the “reliable” tenant that shows they provided the addresses you sent the letters to. 

We’re currently using it for multi-family properties in a few core markets.While redIQ is a much more sophisticated tool that focuses on properties with over 50 units, our system is perfect for properties up to 50 units, providing an efficient solution for managing lead intake and financial analysis without the complexity of larger systems.Here’s how it works:Lead Intake & Processing: Automatically processes broker emails and key documents (OMs, Rent Rolls, T12s, etc.).Quick Review: Evaluates leads based on key metrics like IRR, price per unit, and more.Detailed Analysis: Extracts data from documents, evaluates financials, and identifies additional income sources.Market Research Integration: Automates checks on flood zones, demographics, school quality, etc.Deal Tracking: Uses Google Sheets to visually organize lead data—while not a full database system, it provides a simple and efficient way to store and track deals without the need for a full-fledged database like MongoDB.Financial Analysis: Built-in underwriting and financial modeling with automated reports.In addition to ZCG, I also own a portfolio of properties.

There is some really great landlord software out there that also provide really great support.

I focus on staying engaged, whether it’s through regular check-ins, providing insights without expecting anything in return.In terms of systems, I’ve found that a mix of structured tools and personal touchpoints works best.

You could tell by the “vile” reaction of the OP when I mentioned that he provided no proof of fraud how “unhinged” he is.  

It is also providing great experience for them so win win.   

So that the tenant rent is providing a larger amount of return of capital. 

However, the depreciation claimed while the property was a rental must be accounted for upon the future sale of the personal residence, which could increase your capital gains tax liability.The adjusted basis of the property (original cost minus depreciation) will be used to calculate gains or losses at the time of sale.