I will soon be an Airbnb host and want to get my accounting right from the start. I am buying a house I will live in myself and rent out the different rooms for more than 14 days each year through Airbnb. I am aware o...
Hi All!A flipper has decided to walk me through two of his new homes he just acquired through the end of the flip as a learning experience. This is really cool. He wants me to estimate rehab costs and then he will com...
I finally closed on my first duplex in Grand Rapids, MI. The property currently has tenants upstairs. The lease that I inherited does not list anything about access to the basement. The tenants do have access to th...
My short question is, how do I find a contractor that has done superb work in the past to give me an estimate on a property I am considering buying, given that my real estate agent does not seem to know any personally...
I currently own a home in the greater Atlanta area. I have a decent amount of equity in my home considering I have not owned it long (~75-90k) and was planning to use this to install an in-ground pool in my backyard -...
Last year I redid the stairs on my triplex. It was more than a small repair, so I am capitalizing it. My question is whether I can depreciate the whole thing or just 2/3 of the cost. The entrance to my unit is in the ...
Hi everyone, I inherited a tenant when I purchased a property 6 years ago and this tenant moved out. Tenant has been there for over 20 years so the unit has a ton of updating that it needs so that the unit is brought ...
The vision of a freshly updated home is so seductive, it's easy to forget that the project will most likely come with aggravating delays and unexpected issues. Think about it. When was the last time you heard about a ...
We have been hosting an Airbnb for over a year and have cash flowed more than the home would as a SFR. However, the work we have to do (we do the turnover most of the time), along with the aggravations that come with ...
Hey all,I am new to this landlording bit. Something I have wondered is how you determine how much more to charge in rent for extras on rental properties. For example, I am up in the mountains of NC. It isn't SUPER ...