Charlie Moore
Should I Use Security Deposit to cover late rent FEES?
- Should I keep the whole security deposit if they have violations in the lease and continue late rent?
Account Closed
Looking for Property Management software for rent controlled buildings
I'm looking for property management software can help me track specific items in rent controlled buildings. I'm currently using spreadsheets, and want to move off of them. I've looked at many programs but cant find...
Thomas M.
real estate tax code
Best books on real estate tax codes? I am not an accountant but want to make sure I thoroughly understand the tax benefits of real estate (added bonus I’m in NY if anyone has suggestions that are state specific )
Jordan Wong
Looking for Los Angeles Accountants
Hi all, looking for an accountant for tax advice for an single family home I’m going to list on AirBnB. I have specific questions regarding start up costs, depreciation, and how to deduct repairs.
Any suggestions and...
Michael Plaks
Recordkeeping for a mixed business/personal trip
This is a partial FAQ for a very complex topic that has a lot of possible twists and complications. Maybe it will trigger a discussion leading to a more complete FAQ.Here is a scenario. Harry goes on a weeklong trip f...
Alvin Uy
Earth Quake Insurance —- To get or not to get???
Those of you who invest in California or Pacific Coast that own property, what are your thoughts on Earthquake insurance? Do you have them for your properties? Is it worth it? If not, what will you do in an ...
Account Closed
LLCs, protection & taxation
Hello BP community,
My name is Ryan Gnizak, first time posting on the forums here. I live in Louisville, KY with my wife and 10 month old daughter. Currently I sling product for Pepsi and I am hoping to get my foot i...
Adrie Moses-bailey
What happens to mortgage interest deduction in an LLC
Hey guys, looking to do my first deal and may need to partner with some friends (4 of us) to do it. I was thinking putting the property in an LLC would be the best bet to protect everyone's assets. One thing puzzles m...
Jane Dang
New fence replacement on rental property is deductible or depreciation
Hi,My rental property is a single-family home. I had to replace the fences after a strong storm last year, which costed $4200 in materials and labor. Is it possible for me to declare it as a repair and deduct the expe...
Bruce W.
Does President Trump's new tax plan threaten 1031 exchanges?
There have been many rumors from various sources recently about limiting the 1031 tax-deferred exchange. Now we see that the President wants to eliminate all tax deductions, except for mortgage interest and charitable...