Derrick Lloyd
Tax Deductions on a Rental Property
Hi all,I recently got my first deal under contract, it is a SFR in St. Louis that will be held as a rental producing positive cash flow. I was wondering what some of the tax deductions I will be able to take are. I ...
Michael Junior
Dirty tenants that pay on time
My tenants are filthy. The back yard has toys all over the place- and just clutter throughout. Yesterday I went in there unit- I had to snake a bathroom sink line that was clogged ( sediment build up not their fault)....
David A.
Move out charge list
Was listening to the BP podcast 36 and they talk about when a person gives notice they are moving out that they send them a list of charges that will be incured if its not left clean etc..
if we clean the fr...
Sam Fong
Tenants need more time to move out after giving 60 day notice to vacate
I purchased my first rental property a few months ago. It is a detached duplex with long term existing tenants. By long I mean the front unit lived there for 13 year, and the back unit lived there for 30 years! Th...
Edward Kuk
Pre-screening criteria - are mine realistic? (Chicago, IL)
Hi,
It's been ~4 months since my wife and I started our real estate journey. After scouring the MLS every day, checking out properties every weekend and 2 accepted offers that fell apart during inspection, we finally...
Lisa Carpenter
Keep deposit if tenant breaks lease?
My tenants got divorced and couldn't afford to pay the full rent. Over the phone I said I would accept a smaller amount, knowing I could deduct it from their deposit. This is legal correct? Also, I just found out t...
Kelly N.
Prospective tenant has a rabbit- would you rent to her?
Hello all,I have a potential tenant that has a "small bunny who stays in the cage" who would like to look at one of my apartments. So far, I have allowed cats and haven't had an issue, and we are not allowing dogs (e...
Cody Barrett
What is worse, dogs or cats?
Any landlords with some history with pets feel more strongly towards a pet vs the other? Say dogs vs cats? Does one cause more damage or make it more costly to turn over units?
Daniel J Jackson
Pets for more rent or no pets for less?
Hello all:I just finished rehabbing one side of a duplex and have two great tenant candidates.OPTION A: Will pay $1,250 and has no pets. 2 adults and 2 young kids. Great all around.OPTION B: Will pay $1,250 + $75/mo...
Danielle J.
Repairing Occupied Units
I just completed the home inspection yesterday and by walking through the units (3 of which are currently occupied), I know I want to rip out carpet and put in new floors. One unit will be available for me to move in...