Axy Parikh
Taxation on Improvements to a new rental property
I am investing in my first rental property and need help navigating a few basic questions:- If I make improvements to this rental property, how is it taxed? (Is it considered expense and can be deducted at one go? Is ...
George Genovezos
Title company screwed the pooch
Hi all,I'm at my whits end, and hoping I can get some help here. I'm in Texas and on Oct 6th, I purchased a 4plex. the title company ran their numbers for taxes based on 2016 and use that for 2017 even though the esti...
Terra Padgett
Capitalism Works Well When It's Practiced With a Level of Empathy
Have Empathy for your Landlord. We all get it...receiving news of a rent increase can be frustrating for a tenant who's balancing their own financial responsibilities. However, Landlords face even greater cost pressur...
Timothy Woodland
Asset management vs property mgmt discussion
I had a discussion with an investor friend of mine the other day over self managing my multi family properties( right now 6 units) because I know no company will maintain my properties like I will. His suggestion was ...
Omar Sanchez
How do I calculate my freedom number for residential Multifamily?
Hey everyone!I have a simple question. How do I find out my freedom number? AKA to find out how many properties do I need to achieve financial freedom according to my standards? Like what is the formula to figure this...
Jeffrey Boyce
Pay off mortgage or purchase other assets?
Hi there, I'm new to BiggerPockets but want to start leaning further into Real Estate to build assets. Currently I own 2 properties, a condo and home. Regarding the condo, I've been debating whether or not I should pa...
Ethan Anderson
Newbie Question on NPN from FCI
Hi BP,Can someone help a newbie piece together the story behind the note data below? This is just a learning exercise for me, I don't have the education or background to seriously consider investing in NPN's, but I'm ...
Michael Wu
Challenges surrounding utilities management
Hey everyone - I'm trying to learn more about the challenges of utilities management for landlords. Does anyone have any pain points / challenges that they'd love to share?
For context, I'm currently doing research o...
Joe Splitrock
What is Your Average Tenant Duration?
What is your average tenant length stay? Just to qualify the number, it would be good to state how many properties you have and whether they are SFH or MFH units.
Keith Douglas
Newbie - Please help - legal advice eviction/bad inherited tenant
Hi all, I really need some advice please - I have a new duplex I just closed on Monday last week, there is a tenant on one side. Vacant other side as of right now. I plan to owner occupy. His lease from prior owner is...