Dan Timmons
New landlord question on tenant screening
Hi,I am a newbie investor and seeking advice on placing a tenant in our first investment property.I have a potential tenant who is willing to pay rent for the month of November despite the fact that he will also have ...
Evan Loader
Offsetting passive gain on K-1 with passive losses from other K-1
My CPA firm is preparing my 2021 taxes, this is my 2nd year using them and I haven't had any notable issues until now. I invest significantly in syndication deals so I have a handful of K-1s from multiple states. I ge...
Carlos Lez
Student rental housemate problem
Dear forumites,I have a house that I rent by rooms to university student. I received an email from one of the housemates"I'd like to meet you. My roommate has made me uncomfortable living here because of things he has...
Account Closed
Manayunk Electricians - Philly Area
Hi BP Community,I got my inspection report back for a duplex in Manayunk. Both sides have knob and tube electricals. Can anyone refer a good electrician that has experience with knob and tube, and would be able to pro...
Paul Khazansky
Appropriate returns in rehabbing multifamily
Question for experienced rehabbers out there that target multi-family (5+ apt. buildings) -- what return do you target and you've been able to successfully achieve? I figured given the liquidity risk (funds are tied ...
Charlie Moore
Ex tenant wants to rent again..
Would you ever "Re-Rent" Your property to an unfavorable ex tenant?
Have a tenant from a few months ago ( did not renew her lease, because he was severely hoarding and causing damages ) He has the courage and confid...
Matthew B.
Accounting Practices for Rental Properties vs. Flips
I have some fun accounting questions I'm hoping someone can answer.
So I'm pretty sure when I purchase a house to flip, it is recorded as inventory, then expensed as cost of goods sold when the house is sold....
Alejandro Lisson Ramirez
Newbie question on inspections
Hi everyone,This is newbie question about property Inspections. Currently, I am out of state so it is not possible for me to visit the properties and I need to trust the property inspectors.Few weeks ago, I was planni...
Dan McGrew
Prospective tenant says 3x income requirement is not legal
Had a prospective tenant share the article below. This seems bogus but wanted to see if others had similar thoughts:https://boundlessestates.com/new-law-starting-july-1st-landl...
Jesse Smith
Title Issues on Purchase - Advice Needed
I'm in the process of trying to purchase an off-market deal in my neighborhood. I already own one of these, and it's a tremendous cash flow property. During the title search, the following issue came up:Property is ...