You cannot deduct any expenses that are not connected with your rental units, for example, repairs in your private unit.You are not obliged to have a separate business bank account, but if you want to treat your business seriously, I would recommend you to open one, that way it will be easier for you to calculate your results and file taxes in the end of the year.I hope that helps!

Investment Info:Mobile home private money loan investment in Los Angeles.

When vacant, I offer each room on Airbnb at $30/night ($40 for the master bedroom with private bathroom) and on CL and facebook as shared housing.

This is a whole new learning curve, especially having to deal with the SEC and securities attorneys and all that.

We've established a network of private investors who are starting to invest in our company.

Guess really need to be finding some private lenders or hard money lender.

Anyways fast forward 10 years and after running my own contracting jobs and doing other things I finally had the money and I didn’t need a partner or private money.

For you fancy folks, we also have a few private airports!

Hi Danielle I’m a private lender and also a investor so I understand both sides pretty well.

Between the pet damage and the lost rent $1000/mo), I lost money (vs normal) even after getting her to forfeit her security deposit ($1300) and settle out of court in a 3 month payment plan for like $1200.Call them or meet with them and have a conversation about their strategy going forward to pay on time.