To make a long story short, a tenant of ours for over 3 years decided about three months ago that they no longer wanted to pay rent. After 3 months of no rent being payed and being ignored for over a month, we stopped...
I currently have one rental....a townhouse with a small yard. I personally mow the grass and do the yard maintenance twice a month. Takes about 30 min. I use my own car to haul the lawn mower (and yard tools) each ...
I received 2012 Schedule E. Shows gross income of $62k but after expenses, $33k. The prospective tenant uses a vehicle for his job so has $20k alone in vehicle expenses.
The person didn't include a depreciation sch...
I have three rentals which I've owned for the last 12 years. I was able to buy them cheap and build a lot of equity which I currently gross $4,600/month and my current net is $2,800 after insurance/tax/mortgage/utili...
I wanted to get the BP community's take on driving luxury vehicles...
Do you think they send a negative message when meeting with renters or sellers? Do they hurt your negotiating power?
I tend to thin...
HI,
my tenant has asked me to rent the garage in back of my multifamily property, I want him to use it only for storage, does anyone have any suggestions how to structure such a lease, or has such a lease form?
Th...
This is my first post on here so bear with me. I am looking for ideas on how to offset my real estate gains. A little background is I am single and make approximately 150k/year in my non-realestate W2 dayjob. I have 3...
Hello Fellow investors, newbie question here. I am planning to purchase a vehicle that weights over 6k, my question is:do I have to buy it under my llc to take advantage of section 179? or I can buy in my personal nam...
What is your strategy for your business vehicle?
I have an LLC for my rentals and a S-Corp for my flips. My wife and I work full time across both. Currently we deduct the std mileage. Now are cars are gett...
I am managing 4 rental properties that me and wife owns. All of them are LTR, I do have a full time job so this is something I do outside of that.
Regular activities include yard work, small repair & maintenances...