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What percentage of tenants are good
With the recent article claiming 62% of Americans have less than $1000 in savings, how viable is a business that relies on people to pay monthly rents. If for the sake of this question we divide prospective tenants...
Jeff Lehman
I need advice on working with a tenant and their lease
Hello. I have a question regarding a tenant and their lease that I would like some advice on. Here is the background. I bought this property just over a year ago. It is my first and only rental property, currently. I ...
Wendy Black
Property Management Expectations
We have an IRA house (in an HOA area) with a backyard that faces a manmade lake. You can see through the fence. While the PM supposedly walks the property every 3 months, it's been us at various times who has discov...
Joseph Metz
Looking for a mentor to guide me
Hey everyone. I'm Joe, a 27 yo pharmacy manager who is looking to get into rental properties to aid in my pursuit of generational wealth (...well that... and pharmacists salaries are projected to decrease year by year...
Val Csontos
IRS says: No Capital Gains Tax for You if you sell your section 8 rentals!
There is a catch of course, but that is normal when dealing with the IRS. However if you have a long time Sec 8 rental, and you wouldn't mind to sell at ZERO Cap Rate this is your lucky day!!Read the details on this ...
David Quinn
Bedbugs in a duplex - should LL pay for new mattresses?
Hi, I have a duplex in Boston. In both units I do the “rent by the room” model. Last night one of the tenants in the 2nd floor told me he had bedbugs and got rid of his box spring and mattress. I went by today and ...
Mike B.
Newbie - First Ever Tenant Screening
I found my first tenant and everything seemed fine. I went over the requirements with her. Gross income three times rent, Credit score greater than 600, etc... All is good she says. During the showing she mentioned he...
Mikael Winkler
Strategy to Avoid Capital Gains Tax
Hello BP!I've been kicking around a capital gains question for awhile, hoping to get some insight. To preface, I'm planning to cash out of a duplex I own in my personal name, either through a sale to my partner or on ...
Jackie Linne
Taxes question for LLCs
I recently created a Single Member LLC, mainly because I don't have trusted partner(s), so I didn't have a choice.Is it true that SM LLCs do not have to report federal taxes and all profit/loss activities should be re...
Account Closed
Asset Protection in Pennsylvania
In the short time that I have been on here, I have followed many discussions that touch upon asset protection. While doing some research on the topic, I learned that Pennsylvania does not have a homestead excemption....