Hi there,I recently evicted a tenant from my building in CT and he moved out of the property last week. He’s now asking for his deposit back.I have assembled a final statement outlining all the eviction/other costs, l...

Hi, new Pro member and have a question about the rental property calculator. I'm trying to figure out what needs to be included in closing costs. I see a lot of people use a low % (2-3%) for closing costs but shouldn'...

I bought a foreclosure(3 plex) in Feb. $55,000.  Renovated ($30,000) til May 1st when I rented it out. Are all reno costs part of the initial cost basis? I also did another $20,000 in siding, windows and roofing durin...

Hey everyone, I'm a first time home buyer under contract for a duplex which I'll live in and rent the other side. I just got the inspection report today and I'm wondering what you would have the seller fix before we c...

I know a home warrantee is just an insurance policy.
I am going back and forth on a FNMA property. They countered back that the property is sold as is. But, they are offering a home warrantee.
The house has some foun...

Hey guys I have been listening to a lot of podcasts and many of them talk about frugality and saving money or being cheap. I was always raised to believe that being cheap is expensive, sure you may save money right no...

How reliable is the home inspection report (or PCR) found on the HUD website? Should I get my own property inspector to take a look at the home or should I trust it? Also, can someone briefly explain the Escrow Descri...

We are in the process of buying a condo to rent it out. I contacted our insurance agent for a landlord policy on the condo. They said no problem. But the policy documents list us, the owners, as occupants and instead ...

Hey all, I am about to put my house up for as a rental but I am still living in it, however I would like to get pictures & a listing up to hopefully start finding renters or at least see if there's interest.
Can ...

Hello all.  My wife and I finally found our path to our first rental! We bought a new primary house in November and had a rental contract on our old house that started Jan.1 2025.  I plan to consult a tax professional...