Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Rereloluwa Fatunmbi Seeking Advice on Renting Newly Renovated Home in Akron, OH (44306)
27 June 2024 | 14 replies
Unfortunately, the only serious applicants I've received either have a criminal history, poor references from previous or current landlords, or have faced evictions in the past three years.
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.
Shay Sherbotseli First property decision on location Texas / Philadelphia
28 June 2024 | 29 replies
I can't help with managing property internationally
Anastasia Jordan Counter Offer on Tax Sale Properties (Alabama & elsewhere)
28 June 2024 | 46 replies
They've been really busy with year-end internal stuff that has to be done, on top of all the wholesalers, so some things are just back burnered.
Sigyfredo Iniguez What can make a bedroom legal?
26 June 2024 | 6 replies
The window must have a net clear openable area of 5.7 square feet (5.0 square feet if ground floor), a minimum openable height of 24 inches, a minimum openable width of 20 inches, and the bottom of the opening must be within 44 inches of the floor.Size: The room must be at least 70 square feet, and no less than 7 feet in any horizontal dimension.Lighting & Ventilation: A natural light source (window) of not less than 8% of the floor area and natural ventilation (openable window/door) of at least 4% of the floor area are required.Heating: The bedroom must have heating capable of maintaining a minimum room temperature of 68°F.Smoke Detector: A smoke detector is required in each sleeping room.While a closet is expected in most bedrooms, the International Residential Code does not actually require a bedroom to have a closet.
Raffi Krikorian Has anyone dealt with Blue Orion Housing (corporate rental)
25 June 2024 | 17 replies
I've discovered that their associates are based internationally, and the phone number they provided (310) is a fake Skype number.
Zehua Zhou Does standard non-recourse Freddie Mac Commercial loan work for IRA accounts?
24 June 2024 | 8 replies
The lender explained that the standard carve-outs include committing criminal activities on the property, failing to pay property tax and failing to purchase insurance for the property.
Shane Vince Citrona homes Multifamily Johnson pa
27 June 2024 | 41 replies
Do an internet search for Paul Gulbronson with the words criminal, scam, fraud and you'll find very interesting info. 
Aleksandra Faust Long Term Investment in Bay Area
25 June 2024 | 10 replies
He confirmed that BART enables criminals to travel to the Dublin/Pleasanton area to commit crimes. 
Kaushik Sarkar Primary residence sale within 2 years
25 June 2024 | 11 replies
Topic No. 701, Sale of your home | Internal Revenue Servicehttps://www.irs.gov/taxtopics/tc701