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26 February 2024 | 1 reply
This deduction is typically claimed on Schedule E of your tax return.Points Paid for Refinancing: If you paid points to refinance your rental property, you usually must deduct the points over the life of the loan.
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26 February 2024 | 10 replies
I operate on the more you tell a rejected applicant the more they can use against you but once you say you have collected move in funds from another tenant it is pretty much over and if not I just ghost.
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26 February 2024 | 58 replies
It pains me to say it because I typically avoid HOAs, but what about teaming up with the neighbors and forming an HOA?
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26 February 2024 | 25 replies
I do not know every market in the US but typically speaking popular vacation areas which drive up rates also have high real estate values.
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26 February 2024 | 13 replies
Speaking in generalizations as it really depends on the deal, but SFHs won't have as much cash flow as a multi typically.
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25 February 2024 | 7 replies
The earnings tax applies to both residents and non-residents who work or operate a business in the city.If your LLC is generating income from rental properties located in Kansas City and you are considered to be conducting business activities in the city, then it is likely that your LLC would be subject to the earnings tax.I would still consult a tax professional or a lawyer who is more familiar with these laws.
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24 February 2024 | 7 replies
Also community rules, rental restrictions, pet restrictions, occupancy restrictions - anything that could interfere with your operations.
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26 February 2024 | 20 replies
Do you mean that my monthly return would not be as high since the homes are typically cheaper?
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26 February 2024 | 17 replies
They also usually are more energy efficient as the water is heated as needed and not heated to store in a tank that might not be used for many hours and tanked heaters typically have heated more water than needed (and this is desired because running out of hot water is a bummer).I do not want an annual maintenance effort as large as descaling a tankless water heater at my rentals.