Hey all !So I am getting ready to close on a property that I will be purchasing furnished (washing machine, fridge, couch, etc.). I am curious as to how to go about depreciating these items, since they are not exactly...

I have a rental property that was built in 1950. We recently remodeled and had the old gas wall heater in the bathroom disconnected.  It worked but we did not know if we would be renting to people with children where ...

what are some for sure red flag items/repairs that you would stay away from. We rescinded an offer on a different property because it need new roof, new water heater, new furnace, new electrical wiring, there was some...

Supplies = soap, towels, t.p., laundry detergent, dish detergent, paper towels, etc. Do you keep things like towels and soap in the bathroom, dish detergent by the sink, laundry detergent by the washer/dryer; or do yo...

Hello everyone!I recently purchased a property where the previous owners left A LOT of items and junk behind. Enough junk which required me to call a disposal company to pick it up and dispose of it. Is it possible to...

I set aside 8% of gross rents for CAPEX, and I keep that money in a separate account.   I recently had 2 major issues with HVAC systems at two of my properties. One cost me approx $1000, the other approx $1500.  I'm n...

Hi, I bought a furnished 3 bedroom condo last year in North Myrtle Beach as an LLC and received a notification from the county that I have to pay a personal property tax on the furnishings. I have no idea how to place...

Hi everyone!
I have a question about insurance inspectors. 
We recently had a case where we purchased a new SFR property and we had a clear CO from the local authority. We conducted a home inspection as part of our ...

Hi,Does anyone know what the law states in NJ when it comes to the tenant's stuff after an eviction?the situation: the tenant has been formally evicted by the local court/sheriff's office and currently the tenant's be...

Has anyone on this forum seen a lock system like this one?  I am closing on this home in two weeks and this deadbolt is broken (it is locked now and the interior knob does not turn the deadbolt.)  I am trying to deter...