Looking at some raw land in california to develop. My understanding is any costs (property taxes) for the raw land CANNOT be deducted on Sched E until it is ready to rent as residential. Only on Sched A if you itemize...
I recently purchased a property and during the inspection the inspector said the dishwasher drain was hooked up to the garbage disposal. He said it should go into a tailpiece to the sink drain instead. I've looked a f...
Hi! Everyone! I currently have a house in Northridge, CA. I will be moving duty station out of state. I was wondering your thoughts about renting or selling my house. The estimate value of the house(according to Zillo...
When calculating CapEx as a percentage of monthly rent, what would be a good conservative value for:- A fully rehabbed property- A property 20 years old with 'mostly' original equipment Also, do you include this value...
Hi Everyone,
I am just starting out and have my first renters coming in 11/1. The property manager I am probably going to work with utilizes Buildium and I will have full access to it. Do those of you that use this p...
Can you rent a home "as-is" in Florida? We'd do the walk through and confirm everything is in good working condition and if there are any issues it would be the responsibility of the renter to fix.
Hello, I was hoping to get advice about a good amount (if any) to bill a renter for damage to a door frame. They pulled too hard on the screen door, causing the attached metal rod to rip out a few pieces of wood from ...
Considering selling my duplex with high prices vs hold. Owner for 3 years, bought for 140k. House hacked and renovated units. All in for 165k. Could sell for 300k ish, mortgage is 830/month at 2.8%. Added detail, I’ve...
Anyone else have their washcloths disappear at a high rate? I'm guessing that guests use them to wipe up spills or remove makeup and then trash them because they're embarrassed about the mess they've made on the towel...
I recently purchased a duplex on a fairly nice street and inherited the tenants from the previous owner. One of those tenants experienced some difficulty from an insurance scam and lost his home of 15 years as a resul...