I recently bought my first property, a duplex. I had to do many repairs on the units. I do plan on utilizing many of the tax benefits and deductions from all the costs. It seems that sending the contractor a 1099 form...
Hello all - could really use some input on what you best recommend for this semi complicated decision that has been consuming my thoughts for 2 weeks now. My rental was built in 1987 and has the original aluminum wind...
If you have a few multi-plexes (4 units), is it good to have ONE LLC and have those multi-plexes under that LLC? Is LLC for commercial units (4+)? Getting an umbrella policy would be cheaper than an LLC for the 4 unit...
Nothing is really outdated but how crazy should I get with doing any upgrades? For instance if bathroom could use a renovation but everything functions and looks OK should I leave it be. I guess what I'm asking is h...
I have been using Quicken 2013 Rental Property Manager, but before I just upgrade to the current version, I wanted to learn what others are using and see if you would recommend it. I have about 15 rental properties i...
A duplex that I own is getting the entire sewer line replaced as the original line has failed. My question is will this increase the value of the property or is this going to be considered a sunk cost to just keep the...
I am up against my DTI ratio for a traditional mortgage and I have been looking in to the DSCR option and it from what I am seeing it looks like a decent way to continue to scale. Does anyone have insight on what the ...
Hey Everyone!Anyone know if I can refinance my single family home that is currently gutted? Called one bank and they said I needed a functional kitchen and bathroom. Is this the same for all banks?what are my options?...
I was hoping to get some clarity on the rent collection functionality of the stessa/rentredi platform, versus hiring a property management company. I'm confused with the potential overlap of functions. I have read on...
My sisters and I are inheriting my grandmother's home. She's been here for almost 50 years, its beautiful and has great bones and is in a great location. We will be doing a lot of work to the land as well - clearing...