![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1046237/small_1694722945-avatar-anands10.jpg?twic=v1/output=image&v=2)
27 November 2024 | 6 replies
Another reason to send it by mail is in many cases you will be deducting damages from deposit.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/223007/small_1621434328-avatar-shawncallan.jpg?twic=v1/output=image&v=2)
4 December 2024 | 17 replies
Hi Shawn,Don't quote me, but I'm pretty sure you deduct the rent (75%) you're getting from the liabilities (denominator) rather than adding to your income (nominator) IF it's an investment property.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1195162/small_1712333088-avatar-jenniutz.jpg?twic=v1/output=image&v=2)
26 November 2024 | 2 replies
Not only can you deduct mortgage interest and property taxes, but you can also claim deductions for property repairs, depreciation, and other expenses related to maintaining the rental units.Learning While EarningHouse hacking gives you hands-on experience as a landlord while you continue to live in the property.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3061581/small_1719520690-avatar-mahenderb.jpg?twic=v1/output=image&v=2)
4 December 2024 | 18 replies
Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1046237/small_1694722945-avatar-anands10.jpg?twic=v1/output=image&v=2)
18 November 2024 | 7 replies
If something breaks in the unit, they should not pay a deductible in my opinion.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2983325/small_1716739103-avatar-marcs233.jpg?twic=v1/output=image&v=2)
27 November 2024 | 10 replies
They will sell you a t year, all inclusive, no deductible, extended warranty (6 years total) for 10% of the price you pay.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2976911/small_1732316059-avatar-christinea110.jpg?twic=v1/output=image&v=2)
3 December 2024 | 21 replies
@Christine AledamIf you create a California LLC, the $800 cost is a tax deductible expense.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2023625/small_1694600393-avatar-kars1.jpg?twic=v1/output=image&v=2)
30 November 2024 | 12 replies
From the information you provided, she seems like a prime candidate to not leave the property the way she found it, and will pitch a fit over any deductions taken out of her security deposit.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3134716/small_1729000522-avatar-samd306.jpg?twic=v1/output=image&v=2)
24 November 2024 | 1 reply
Renting the garage brings income and partial tax deductions for expenses but adds complexity.