Michael A.
Can I write off sales tax on repair items
Would appreciate it if any investors or CPAs can answer my questions. I own a duplex in Ohio and live in CA. I own it under my own name. There were some repairs I had my handyman do that had a cost plus the sales tax....
William O'Donnell
How exactly do you split utilities with one meter + oil tank?
I have a single family house where there is a 3 bedroom apartment on the first floor and a 2 bedroom apartment in the basement. I don’t want any of the utilities to be included, I’d like tenants to pay for the utiliti...
Vanessa Allen
1033 exchange question
After fighting a privately owned utility for 4 years, having condemnation filed against me, and countless other acts of harassment etc... I settled with the utility. The land taken is a 50 foot wide NG easement acros...
Joseph M.
Student housing and utilities escrow WI
Hi Everybody,I'm researching a student housing market with promising numbers (very low price per SFH, up to 4 unrelated people to rent it, respectable rents) but I see that Utilities Escrow is a common practice in the...
John Boire
WA Tenants Protected from Discrimination BasedOn Source of Income
I live in Washington State which is very tenant friendly. I have read and used The Book on Managing Rental Properties as a reference and have always approached the Section 8 question from potential tenants with "inco...
Carlo Seta
Would you do this deal...
OK. I'm brand new to this. I found this property. It is a few miles from a very good area.
This property is in great shape. It sold for 120K about 5 years ago. I think I can get it for around 53K. I have the cash to ...
Becca F.
Rent for roommate situation for SFH in San Francisco
I have a 3 bedroom, 2 bath SFH (1357 sq.ft) in San Francisco that I'm renting out to 4 different tenants (two couples, working professionals). The main level of the house just went through a complete renovation (all n...
Julio Gonzalez
The Importance of Understanding Land Valuation on Your Property
A cost segregation study is one of the most beneficial tax benefits for commercial real estate properties. One key piece of a cost segregation study is identifying the land value of your property as it helps you be co...
Daniel Pena
Very high light bill!
Hello BP,I just got word from my tenant that her gas/light bill was $500 this month! I know it has been cold this past month but I think that is way too high. I did go by to look at a few things last month and notice...
Amy Hu
Help-list says boiler intact but actually broken, lesson learned
Hi-We bought a property last year in Cleveland and did heavy rehab on it.The original listing says clearly that "boiling system intact" . Recently my contractor reported that the boiler is totally not working and need...