Stephanie Brown
As LP in multifamily: depreciation write off preferred returns?
Most general partners say that the losses you can show after a cost seg study with multifamily will write all all of your income that you received via preferred returns while that property is being held and paying the...
Theresa P.
Tenant Consent For Background Checks in SC
I am reevaluating the background check process for a mobile home park. Instead of using a site such as Cozy, I'd rather perform the background check myself. In South Carolina, is consent for background checks required...
Cindy Tang
Can Depreciation be adjusted if it's limited in prior taxes?
I have 2 rental properties, Texas and Georgia. I sold one in GA in 2018 (which we purchased in 2007) and didn't do 1031 Exch. Now, the depreciation hit me back as gain when doing the tax report. However, I reviewed th...
Isaac B.
Running tenant's credit report
As landlords, how do you run credit reports/checks against your applicants? Any particular service/website you use? I do have their information including SSN that was turned in as part of the application form.Thanks!
Joe Rohne
Class Beach House Vacation Rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $426,000
Cash invested: $90,000
2 bed 2 bath short term vacation rental 2 blocks to the beach
What made yo...
Makan A Tabrizi
Apartments.com Providing Residentscore
I'm unfamiliar with this score but I've done some research and supposedly it is more accurate than a regular credit score as it reports rent payments. My question is: If a landlord does not report rent payments for th...
Lisa Winklepleck
Hard Money Lending Gains
Hi All -
I'm about to pay back a hard-money lender that will be earning interest off the money they lent our LLC for the purchase of a rental property. My question is on the interest that they're gaining. Do I need ...
Nick C.
Amend Return or Utilize Carry Forward
Hope I can explain this well enough. Background....I invested in two DST's in Jan of 2022. When I received my 2023 taxes back from my tax preparer, I noticed that they included income from the DST's but did not incl...
Eric Coats
Fees for managing the property manager
I'm about to close on our first out of state multi family property. My brother and I have an LLC setup. I'm the one who found the deal, worked with the lenders, found the property manager and will manage the propert...
Sean McDonnell
AirDNA Report -- Accurate or not?
Did everyone see this report from AirDNA? Have you found their analysis and property income estimators to be accurate? One of our local markets is #5 but I think there are other markets in our area that have more pote...