This way, their bookkeeping records show something we can refine later.This method is never used for their taxes though!

You seem very green, I would highly suggest finding a property management company to do this for your while you learn the ropes and how things work.However, you can also get a copy of "The Book on Managing Rental Properties" by Brandon Turner, and get some really good information.The main one's to consider are:Background check - totally clear, or will you allow certain thingsEviction history - totally clear, or will you allow if no evictions for last xx yearsIncome Requirement - usually 3x the cost of rentCredit History - totally clear, or will you allow certain thingsPets - yes or no, size, type, number of pets allowed, extra pet deposit/feeAgain, I highly suggest a property manager to assist you with this.

Philadelphia can be a very profitable market but it’s also a city that can eat investors alive who rely on bad advice.

The landlord can only deduct for actual damages, which can be physical damage to the property or lost rent.

Hi everyone, I am interested in hearing everyone's thoughts on the Platform Pacaso, I have noticed that it can inflate housing prices in some areas due to them being less concerned about paying a low price upfront and more focused on the overall profit they can generate through fractional sales and ongoing services. 

I would appreciate it if you could help me set up a team towards investing in rental properties.I will be self funding my initial investment but will use refinance to fund subsequent investments.I will appreciate your guidance.Suhael AhmedHi Suhael--Sure happy to help where I can. 

Hello I'm 17 I turn 18 in march and I am interested in the Real estate to the point where I would like to own my own Realtor Business .I was wondering if there was anything I can do before 18 for the real estate exam like the course readings? 

Hey Joe, Having a large number of rental properties and installment sales can certainly make your tax return voluminous, but as long as you're maintaining accurate records, filing everything correctly, and reporting all income, the size of your return itself is not necessarily an audit trigger.

Being in NJ, market is super competitive, so need to figure out how I can maximize the profit.

I’m here to learn, grow, and connect with like-minded individuals who can help guide me along the way.I’ve been fortunate to build great networks so far, but I know there’s so much more to discover in the beautiful world of real estate.