Jon Klaus
Stopping break ins?
What are some ways to prevent break-ins, theft, and vandalism to vacant homes?
Alarm systems? Not keen on doing that (monitored)
for a short term. Lighting?
Someone stole copper out of one of mine this week. I t...
Uneeq Khan
Rent Management Strategy
Newbie here. Got some questions about rent. How is rent handled when you have a property manager? Does tenant pay the property manager and he takes his cut, sets up expenses reserves, pays P&I, insurance tax escr...
Jacob Hinchman
Tax Implications for Personal Use Vacation Rental
Hello,
I have purchased a condo to use as a short-term rental. I would like to stay at the rental every once and a while. I have read many articles about personal use, residency, and taxes. But still have some ...
Justin Polston
Local bar owner looking to sell, tax implications/capital gains amounts if owner lives in property (and has for 40 years)?
Hi all, I listed a local bar/tavern recently and the owner lives in the upstairs and has for quite some town. When the property sells, what are the tax implications for the seller? There are no liens, mortgages, or...
Sean Yang
Landlord Insurance Loss-of-use Question
Hi All, We had a water damage (kitchen faucet leak) in my rental and opened a claim under my landlord policy. Tenants also opened a claim with their renter's policy. Tenants are currently staying in a hotel while the ...
Nicholas J Mancini
1031 exchange - first time
Hello, about to sell my rental property which is not in an LLC and just in my name... Does this still qualify for a 1031 exchange as I am looking to hopefully upgrade into another property... Is there anything that s...
Tae C.
Upwards of $1000 utility bill on 1800 sq ft rehab?
Hello all,I’ve been involved in my first two flips the last few months. I just received my utility bill for one of my properties, and it was $928. The house is around 1800 sq ft, still down to the studs. The only thin...
Marc Villiaer
Personal Use of Investment Property with MMLLC
I was hoping I might be able to get some thoughts from the community around a potential real estate investment I’m considering making. Here is the general scenario: Establishing a multi-member LLC in which my spouse a...
Alik Levin
Car cost 100% write off as 179 expnse
Dear all,I am readding NOLO's article referenced at the end about how new Tax Law changes 179 expensing.Do I read it correctly that I can write off a car cost (new or used) 100% using 179 expensing?My scenario:- Me an...
Jacob A.
When to de-stage a flip?
I'm tossing this idea around. The first two months were included in my staging fee that I paid upfront and every month after that they charge me 15% of the staging fee per month. I already have pictures on the ML...