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24 June 2019 | 14 replies
You should have enough reserves to cover at least one month of vacancyThe first one is easy, the third one is accumulated over many years, and the second one is learned by watching your expenses over a few years.For books:- on property management, get Managing Rental Properties and Landlording on AutoPilot- for taxes, Nolo's Every-Landlords-Tax-Deduction-Guide (get the latest edition every year) (and any other book for landlords from Nolo collection, they are all good).- for risk management, Every-Landlords-Property-Protection-GuidePM me if you have questions or need more assistance.
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27 June 2019 | 4 replies
Prior to attempting to garnish wages, I was successful at levying her bank account.
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20 June 2019 | 0 replies
We would like to conserve the lines for future rental purchases but do not wish to pay PMI if possible-also heard that the interest on the line on our house would no longer be tax deductible where the interest on the refinanced rental equity would?
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5 August 2019 | 0 replies
I have not received a certified letter or any notice of deductions or issues other than one text a day after I moved out about a couple of minor things which I was ok with actually but still I haven't heard anything since then.
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13 August 2019 | 13 replies
And landlords cannot deduct the value of their own labor, where a pro painter's cost will be.
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6 August 2019 | 0 replies
I've received conflicting info from a few different CPAs, I'm curious if anyone knows what is actually deductible on the rehab side of a brrr?
10 August 2019 | 6 replies
My wife and I currently make about 175k/ year before taxes and other deductions.
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12 September 2019 | 6 replies
Also can you deduct cleaning expenses (dirty bathrooms, showers, appliances, not wear and tear)?
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6 August 2019 | 1 reply
Obviously pricing will range on many factors, but we are getting quoted 9k a year with a 1k deductible which I think very high.
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8 August 2019 | 14 replies
You could also lose other deductions.