Brandt Tingen
What is the average water usage for a family of 5?
31 January 2016 | 15 replies
Replace or repair fixtures as needed.The low-flow items can help if your tenants leave the water running during various activities - tooth brushing, face washing, kitchen activities, etc.Depending on the heating systems, be sure to check that humidifiers aren't wasting water.
Kory Clark
Successful Investor Habits
11 February 2016 | 38 replies
@Kory Clark,Yes - a lot of folks like us are still working W2 jobs, including me.If you have money to keep you going, it's easier to be not employed than if you're dealing with bankruptcy, creditors, collectors, etc.One of the key items most folks will miss here on BP is the business foundation of how to build a business to protect you from liability and manage your tax burdens.
Michael Conway
Estoppel Certificate does not match lease terms, priority?
4 April 2017 | 0 replies
Additionally, item (2) in the estoppel states that the existing lease is maintained in full force, and the tenant write "N/A" to any modification, exceptions, etc...Its my understanding I'm required to uphold the lease terms.Any advise is helpful!
Chris Ye
LLC payback to HELOC
26 January 2021 | 17 replies
It's understandable, considering the awkward IRS (and Congress) language.HELOC is no longer deductible as a personal (Sch A) itemized deduction, unless used for improving you own home.However, the tax reform did not change the old rules that allowed deducting interest used for acquisition of business assets (Sch C), including rental properties (Sch E), regardless of the source of the money.One catch though: the money must be traceable to the purchase.
Mindy Jensen
We've Redesigned the Forums!!!
21 April 2016 | 225 replies
Those two items would fit perfectly under the "vote" feature.
Austin Deardorff
TICs (Tenants in Common)
17 October 2016 | 6 replies
TIC's also are limited in quantity of investors to 35 and you might have a few meetings to discuss major repairs and there will inevitably be a capital call every so often because of extraordinary items.
David Lehane
Do I create 1099 forms for contractors I use?
24 October 2016 | 6 replies
The Plumber who supplies and installs items that need replacing?
Jesse Stemle
New Member From Louisville
3 December 2016 | 11 replies
Open Excel, write the material name and item# and cost.
Hector R.
Effective Means of Communication (email, phone, web)
27 November 2016 | 3 replies
We cc our handyman on all emails coming into that alias email so he's in the loop> he has authorization to proceed with scheduling for items like a leaky toilet, garbage disposal, irrigation leak, etc.
Logan Turner
Who provides receipts or current balance on seller finance deals?
26 January 2017 | 8 replies
I think you will also owe them annual tax document should they choose to itemize.