Patrick Philip
Home building and taxes
I'm building a house intended to be sold for profit. The house is still under construction at the end of the year. If I'm $250k worth of expenses into the project, do I write those expenses in this tax year? Or do I m...
Lucky Tran
Amount to reimburse tenant before becoming a pushover?
Hi all,Thanks again to the BP community answering my questions in the past.Yet again, I find myself in a situation in which I can turn to you guys for advice/opinions.A tenant was late on paying rent and paid in full ...
Hunter Copp
How do I handle a tenant with a dog that peed on HVAC? Late rent?
So we inherited tenants from the previous owner and now have to get the HVAC unit replaced because the dogs piss left a whole in the outside unit, causing Freon to leak out. This has prevented the unit from being repl...
Steve Boianelli
Mice: my problem or the residents?
Hey BP. I'm trying to help out my resident who has mice. I'm on the fence about who is on the hook here? What experience have you all had with this situation? My lease doesn't specify "pest control" but the resident h...
Jeremy Segermeister
Mortgage Forbearance Impacting Credit Score?
Hi All,
I still can't seem to get a clear answer on exactly how loan forbearance will impact credit reports (not scores). I understand it will not impact my score, however, banks will see that I am in forbearance (wh...
Jacky Fan
Refinance on single family house with MIL unit
I'm currently in a refinance road block. I rent out my single family house to 2 tenants since it has a MIL setup. However, the appraiser have a note that said zoning law prevent my home to be rented to multiple tena...
Donald M.
Massachusetts Eviction - Noncompliance with lease
I have a tenant I am considering starting the eviction process on for noncompliance with terms of the lease (smoking inside the property). I spoke with the tenant about it and she agreed not to smoke inside but has st...
Kelly Dornink
Is anyone doing STR in Palm Bay Florida?
Hello everyone! I have been searching the forums to find information on STR's on the space coast of Florida, specifically Palm Bay, but have not been able to find much info. Is anybody doing this? I am in the process ...
Brett Roberts
Limiting Land use for Rental Property
I am leasing a property with over an acre of land. Do I need special verbiage within my lease agreement to retain the right to initiate construction on the back of the property?I am planning to build a quadplex on the...
James Lee
Changing Brokers
When you switch over to another broker, do you notify your previous broker that you are leaving?