LMP is a program that assists landlords with affordable housing tenants.  The idea is that the state understands that there is more risk in affordable housing (damages, unpaid rent, legal costs, etc.) and will help ou...

Hello Everyone,I just had a main drain backup. When the plumbers came out to clear the drain, they recovered wipes from the toilet drain, which was causing the blockage to the main drain. The Tenant is claiming he doe...

Hi,I am looking for some advise/knowledge that anyone might be willing to share. First, let me give you some details.I am considering purchasing a Brownstone building from my Father. Located in New York City. Estimate...

If i have 10 properties and use the same phone for each of them, do i have to take that phone cost and divide it by 10 and put it on each schedule E?  Or could i deduct it 100% against one property?

I have a 2 bed 1 bath home that I bought prior to being married and having our first child. I am quickly realizing I don't have enough room for a growing family. So I'm trying to figure out the best path. I purchased ...

It was brought to my attention today that New York State recently changed the rental laws and landlords are limited to charging  $20 for background checks. I'm renting out my sfh and was planning on using Cozy for ten...

I own a 250K rental property and got 500K liability coverage home insurance. I'm wondering if I need to form an LLC to protect my assets. If so, how easy is it to get a conventional mortgage for a property owned by an...

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $4,750,000

Cash invested: $1,150,000

Additionally, there is roughly $600,000 currently set aside that is to b...

Within the last three weeks, I have been contacted by successful bidders of tax lien auctions who unknowingly acquired contaminated property. They thought they were getting a great deal and then learned after being no...

Hi everyone and Happy New Year! Hoping someone can enlighten me to the right way to handle this. If we use a Heloc from our primary residence to periodically fund capital in an LLC account and then pay that money back...