Me and my friend/contractor put a all cash offer to buy my neighbor's house in Los Angeles. I created a LLC for which me and my friend are 50% owners. We have a proper operating agreement. provided proof of funds and ...

Hi everyone, I am researching about renter insurance and if landlord should be added as additional insured or additional interested. Most articles do not say about if this is a bad idea or not. And it seems to be fine...

I didn't get to claim the depreciation on a rental property on my 2016 tax return because my adjusted income was too high.  I have the property in an LLC but it still shows up on my personal return.  My question is, d...

All my tenants are required to have tenant insurance. They have a liability for a full value of my property plus I make them have personal property for $30k. is it advisable to have the insurance underwritten with ten...

What is the best practice when it comes to requesting Renter's Insurance, to have the Property Manager listed as an "Interested Party" on the policy, or listed as an "Additional Insured" on the policy, or both? 

I was wondering if someone could explain the difference to me with regard to being named as the Loss Payee and/or Additional Insured.  What does each do, and how are they different.  I'm specifically asking in terms o...

Hi BP. I am under contract on a duplex with my fiancé in the greater Philadelphia area. We are moving into one unit and inheriting a tenant in the second unit. The tenant has a sublet agreement with the current owner ...

If I'm using the standard mileage rate for 2017, can I also claim my business use percentage for my auto loan interest?  My accountant says no, but I've read in books that you can still claim auto loan interest in add...

Hello BP,I had a question on the best way to approach my taxes with my current house hacking situation.  My property is a double, with our tenants in the downstairs unit and my girlfriend and me splitting the upstairs...

Hi,*** request feedback by 12/28 Wednesday.What is the minimum insurance coverage that I need to get for a 5 unit multi-family home? I need help. Here is a quote I received.Building purchase price is $105K, but replac...