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Results (6,717+)
Piper D. Shift responsibility for appliance repair to tenants?
14 November 2021 | 40 replies
I charge tenants for repairs that are clearly their fault - ie things in the disposal that should not be there......   
Orlando Goodon Investing in NEWARK multi-family for person with $40k disposable
15 November 2021 | 0 replies
So would like your thoughts on mine, being an investor with $40k disposable income.Here are the basics:-Looking for 3-4 unit-I'd live there for at least a year to get 3.5% down mortgage-I don't need ANY tenants to pay the mortgage-Tenants paying mortgage just lets me save FASTER for my next property & build reserves for this property(repairs and such)-I'd be EXTRA careful in screening candidates; especially looking at job history/industry/credit-My goal/focus is $2000 NET income from 6 units.
Justin Williams Introduction - Aspiring Investor
17 December 2021 | 5 replies
We have achieved our current level of income very recently, within the last few months - we were making pretty much just enough to pay our debts before that.Now that we have a bit more disposable income, I started looking around at different investment vehicles for retirement about a month ago with the goal of retiring by age 40 (in 12 years).
David McFarland Appliance depreciation in rental units
3 January 2022 | 1 reply
It's unfortunate, but appliances will soon become disposable items like radios and televisions. for any appliance older than 5-7 years, I consider replacement rather than repair unless it's a really simple, inexpensive repair.
Tom Seigold Reality check: is my property-acquisition plan sound?
4 January 2022 | 5 replies
After debts and household living costs, I have roughly $40k/year in disposable income to put toward down payments on new properties. 
Rod Smith How to turn rental property into Sect 8
9 January 2022 | 3 replies
There is no requirement for garbage disposals or ceiling fans in this program. 
Vladut Bujoreanu Handing over portfolio to PM, how to prevent unnecessary charges
23 January 2022 | 3 replies
Our plumber does give us a description of the blockage or issue and we screen this for tenant responsibility- ie superman was snaked out of the toilet, cat litter was dumped out of the now unusable garbage disposal (also interesting in non pet friendly properties) and we will pass that charge on to the tenant with appropriate explanation. 
Pete Harper Tax Implications of CA Title Transfer
9 January 2022 | 8 replies
Not sure what the answers are but I do wonder if the transfer is not immediately taxable in CA, whether the LLC will be subject to the $800 CA Franchise Tax Min charge, and whether CA will require you to pay income tax if you later dispose of the replacement TX property in a taxable transaction.
Jome K. Tenant asks to test for Asbestos in Ceiling after rain damage
11 January 2022 | 5 replies
Workmen would need a respirator while working with the asbestos, and the asbestos would need to be bagged and disposed of with a special landfill.   
Jake Moran Are We in a Bubble?
7 February 2022 | 5 replies
Finally inflation is eating up disposable income.