A friend of mine told me about Venmos and said it's used a lot in CA for roommates to pay each other portion of utilities and bar tabs and other things like that.  

Since I only depreciated part of the total repair cost ($5500+$3000=$8500) from 2012 to 2014 what happens to the remaining amount that I did not get a chance to utilize yet since I sold the property before I fully depreciated the improvements?  

This would bring my numbers as follows:Monthly Rent - 1500Principal and interest - 693Taxes - 1850 yr (154 month) estimating conservatively Insurance - 1200 yr (100 month) also an estimateCapex - 150 month Maintenance - 150 monthVacancy - 120 month (8%)No property management due the self managingTenants are responsible for all utilities (separate meters for electricity, gas and water.  

Hi all,Can/Should a homeowner with housemates claim the income (rent) and a portion of expenses (landscape maintenance, cleaning service, utilities, home repairs) on taxes as a business expense, if it is the homeowner's primary residence?

But the land trust should name an entity as the beneficiary for the protection.Hope that helps.Jeff Not that I intend to debate this at length, but I've seen clever estate planners utilize non-revocable trusts in combination with ownership operational LLCs to effectively dodge judgment creditors.

The charity provides housing and pays utilities for these people, so that they don't end up on the street. 

@Brian KraftHere are the different options we offer:Option #1: Continue to pay rent until your lease endsThe tenant can move out but continues paying rent, utilities, and follows the terms of the lease until the end date.

What asset class are you focusing on and what strategies are you looking to utilize?

I am fairly new to BP as well, but have found it to be a very great platform.Stay tuned in, utilize keywords, and build your network.When facing expensive real estate, just brainstorm on strategies that you could utilize if you had the money.

Lastly the owner admits that they are going through bankruptcy because of utilities.