Roy C.
Terminating Property Manager
My uncle owns a SFR in NC. He hired a PM to handle that property since April 2013. Recently, the tenant of that property lost his job and told PM that he will move out by end of this month since he can't pay his rent ...
Clarence Browne
Do you typically give a profit split to your PML?
Everywhere I read about PML, the "TYPICAL" deal is described as 8-12% interest (I've seen 6-15% as well) with nothing being mentioned about a profit split. I do see instances where joint ventures may be up to 50/50 p...
Jessica Russell
Gave 3 day written notice of Eviction, now what?
I have a Land Contract Tenant that I am evicting due to non-payment. I posted the 3 day notice on his door on Friday 9/27 at 5pm. What's my next step to get him out?
Thanks!!
Jack Anderson
Questions on depreciation and showing material participation
I know these are fairly common topics and I've done a lot a research on them but there are some points to my specific situation that I'd appreciate insight into.Background:In Early 2021 my wife and I bought a property...
Ayana Morali
Should I do my own taxes?
Hey all, historically I've done my own taxes using Turbo Tax. However, I'm concerned I might not be getting the most out of my return. I'm trying to figure out if I should spend the time to really dig in and do all th...
Account Closed
Question on primary residence vs. investment property loan
Hi All, Writing with a question on a fairly specific situation and hoping someone may have some insight on how to proceed - we are first-time homebuyers, looking to purchase a single family home (house or townhouse) i...
David Lant
1031 tax exchange. Any regrets?
Anyone had regrets from doing a 1031 tax exchange?. I'm looking for some real-life experiences from people that have had second thoughts and the reasons why.
Tanya Hurst
Can you roll 2023 expenses into 2024 taxes?
Hi everyone. We may not be able to get our STR in to service in 2023 as we had planned. Are we able to take the expenses from 2023 and roll them into our 2024 taxes? The largest expense we've had so far is the new ...
Patrick GRibbin
Hiring a property manager
Hey guys I was wondering if I could get advice/suggestions on questions I need to ask a property manager before hiring them. My partners and I purchased one last year that we are self managing at this point but we wan...
TJ Dowhan
FHA/ House Hack Refinance
Would appreciate any insight from people who understand or have been in similar situations. I purchased a duplex in the Cleveland, Ohio area almost 1 year ago through an FHA Loan and have been house hacking since. Aft...