Peter Lysiak
Cash out refinance without a clear CO?
16 March 2020 | 6 replies
I know that banks will not lend if the property is not "habitable" (e.g. electrical, plumbing, etc.) but will they not lend if there are certain items on the CO report that have not been fixed during a refinance (e.g. window needs to be replaced, interconnected smoke detectors, fire code items, etc.)?
Lana LeMay
Security Deposit Alternatives
16 March 2020 | 1 reply
I know there are a few options that replace collecting a traditional security deposit.
Shanai Rogers
Wholesaling Financial Plan
6 April 2020 | 8 replies
Do you want to replace your current income with rental income or other passive income?
Cody Erwin
What To Do Next Advice
28 March 2020 | 1 reply
The only updates to the property I have done is replaced the furnace, fridge, and dishwasher.Would it be best for me to use my heloc to add bedrooms to the basement or go the full legal suite route to generate more rental income from this property?
Chris Clothier
A Call for Leaders in our Industry to Speak Loudly!
23 March 2020 | 49 replies
I expect this move coming within days. 30 day holiday, with wage replacement, trump checks, stays for rents, mortages, taxes, etc.
Robin Olivaw
HVAC replacement in single-family rental - deduct or depreciate?
17 March 2020 | 6 replies
Hello,We have a general question about recording for tax purposes HVAC replacement in a single-family rental property.For the scenario below - is there an option to deduct the expense (fully/partially)?
Kamran Rahman
Concerns that coronvirus will leave tenants unable to pay rent
18 March 2020 | 4 replies
I can't really afford to cover their rent because I will need to replace my dad's income, if he loses his job due to coronavirus.
Ken Latchers
backup plan: who to rent to, LTR
17 March 2020 | 2 replies
It just goes long-term they're talking about perhaps tens of millions of jobs. so when you start getting those Replacements in the form of long-term tenants, you might want to consider their ability to pay you.
Michael Wegner
People who rent to pets! Advise please and thank you!
20 March 2020 | 39 replies
We've had expensive plantation blinds used as a chew toy, lawns ruined, doors replaced due to excessive scratching, and cat odor can get out of hand - some of these were found during routine inspections (and a few could have been prevented with more frequent inspections).We don't do pet deposits (deposit implies refundable) - we do nonrefundable pet fees and pet rent.
Nicholas DeGaetani
Tenants got my property condemned - do I evict?
25 March 2020 | 26 replies
For emergency repairs, like replacing a hot water heater, pulling the permit after the fact is permissable in my area.