Lucas Mills
My thoughts (and confusion) on capital expenditures
I've posted about this before but I don't feel that a reasonable and sufficient conclusion was ever reached, at least not on my part.I have not yet done any deals. I currently work 8-5, have about 30k in the bank, and...
Sarah Lewis
Breaking Lease- Mititgating this loss
I need quite of bit of help as this is the first time I'm dealing with a tenant breaking a lease, and I have a number of questions. (I'm a small time investor with only a couple of properties.) Tenant had been living ...
Hunter Harms
Question involving time spent at a job site?
Over the past few months I have been learning and becoming well versed on the rehabbing and flipping of REOs. I am ready to start searching for my first deal and I had a question I can't seem to find the answer to.Whe...
Mike Wells
Astonished at my tax services bill!
I have 6 rental properties, all Single Family Homes. I was previously paying a tax professional around $800 to $900 to prepare my tax returns for my 6 properties as well as my personal. I am using a new tax profession...
Michaelina Stathakos
Tenant's personal item was broken during repairs
While having flooring repairs done from under the house an antique Christmas garland with glass ornaments fell off the wall and broke. Is it my responsibility as landlord to replace this priceless item? If so what val...
Alexander V.
Florida Law: non-specific advanced notice of entering
I just had an interesting exchange...
I'm both a landlord and a tenant in Florida. While I always give specific advanced notice of entering to my tenants (e.g. I tell them exactly what day and time I will be there), ...
Dan H.
California extends eviction moratorium through June 30
We have one tenant that we provided reduced rent (reduced to $2k from $2.6k) when impacted by Covid that applied for rental relief many months ago that we have not received a response (and mostly have given up on). T...
Wesley Myers
STR loan options in these times?
We have a contract on our 2nd STR. Current approval from one bank is 30/yr at 6% with 20% down. Is this the norm these days with excellent credit? What about borrowing against a 401k or borrowing against our current S...
Ken D'Alessandro
Self-Directed IRA
I have many different opinions on the mgmt of property in your SDI.
I have been told the IRS does not allow you to be an on-hands mgr. If a small property (condo, SF, ) it does not pay if you have to hire a mgr. Any ...
Edd Sylvester
Tenant screening process
I'm just beginning the tenant screening process and was wondering about some guidelines. My sense is that you can collect applications from anyone who fits your minimum criteria and then choose the "best" based on inc...