Jason Hutcheson
Overhead expenses on Forms 1065/8825?
I've got an LLC taxed as a partnership with one additional partner. Renting real estate is the only business activity the LLC does. I'm looking ahead to Form 1065 and the associated Form 8825. Although we track exp...
Wendy Black
Need Advice- Too Expensive Bathroom Repairs
We're in Phoenix and have owned a rental in Oceanside for quite a few years. It's a beautiful home (in Rancho Del Oro) and hasn't been vacant a day, but we've had several issues through the years with the plumbing. We...
Carson E.
Tracking Expenses on numerous rental houses
We have close to 30 rental houses and trying to run the books on them gets beyond tedious. We use the Wave app to take pics of our receipts and then process them at a later time. Now our CPA wants items broken out b...
Andy W.
Expenses not specific to any property
I have two rental properties (1 single family + 1 two-unit), but this is the first year I've encountered tax season as an RPO. I have a CPA I intend to have file my taxes, but it sounds like they're not expecting me t...
Tarcizio Goncalves
Capital Expense prior to a sale
Hi everyone,
I am selling a property that I own now for almost 6 years to 1031 into another property.
The buyer had an inspection and has requested for some cap ex repairs (new roof and new sewer pipe).
I'm deba...
Joe Au
Claim business expenses when filing tax
Do you have to have an LLC in order to claim real estate related business expenses? If not, how many deals do you have to do per year so that you are consider as running a real estate business?
George Flevotomos
Share your expense reduction know-how
As real estate investors we are always on the lookout for opportunities to improve our NOI and increase asset value. At the same time, tenants are increasingly paying attention to the total cost of ownership, includin...
Jackson Long
Home inspections in less expensive markets
So far we've been super diligent about doing full inspections on all of our properties. We are now buying in a market where the prices are about half... This makes the inspection cost a bigger factor- at what point ...
Charles Crous
Assessing deals in an expensive market
What are the measures of success in an expensive market where the 1% rule doesn't apply?My main motivation for property investing is for income generation so that I can have the properties cove my expenses and not hav...
Jimmy H.
Using LLC to expense home office
I am wanting to set up a nice home office for potential real estate and/or other ventures (none right now except for my own home).
I have 1 small filing cabinet, a computer, and a desk. I am wanting to purchase a lar...