Hegsdery Gret
Should you use a property management company
I have seen people managing properties by paying 8-10% to property management companies. If you use a property mnagement company, then are they liable or can you still be responsible for their actions if they do not d...
Chris Mahoo
Long term rental when you are not full time real estate professional
Hello community,I have researching on benefits of long-term rental, and a bit stuck on requirements to be full time real estate professional (the 700 hours) if one has to be able to take tax advantages. If I cannot ge...
Sharon Steenbergen
Should I sue for back rent?
Hi everyone!
Just wanted some opinions on my current situation. I have a multi -unit home just outside of Boston ( SUPER TENANT FRIENDLY STATE). I live pretty close to the home and thought hey, I can handle this hous...
Mary Jay
Help please to pick tenants
Hey guys, could you please help me out? I have a house and I’m trying to pick between a few tenants. The house stinks because there was some animal poop or something and I don’t have time and money to replace the car...
Jonathan Drago
What is the best legal entity to obtain for flipping houses in FL?
Hi Everyone!I am new to the home flipping industry in Tampa Bay and am seeking feedback on which type of business entity I should pursue. I am obviously looking to maximize my coverages and protection, while minimize ...
Alec Barnes
When pricing a rental property, what things positively impact the rental amount?
After you have compared comps and are determining the pricing for a rental property, what improvements impact the rental amount the most in your opinion? Just a couple that I have thought of: Updating countertops and ...
Renee R.
Tenant Training
I’ve seen many posts here on BP that mention training your tenants. Although I seen tips here and there, I haven’t seen any training doc or lists. Since I just closed on my first unit (yay!), with inherited tenants...
Aasim T Bickiya
Turnover costs for A/B Class tenats
I have a questions about class A/B tenants. Ive been looking at deals in the a/B class suburbs of Birmingham such as Helena, Calera, and Moody. My question is that when the tenant leaves after the lease contract is ov...
Account Closed
Tax Savings as a High-Earning Dual Income W2 Family ($300k / yr)
“Wealthy people buy real estate.” I realize I’m fortunate enough to count myself among them. These supposed tax savings though… where are they?
My wife and I are fortunate enough to have two W2 jobs making ~$150k /...
Laurie Horning
Recommendations for Tax Consultants in Portland, Oregon
Hi BP,
I'm looking for tax consultant or accountant recommendations in the Portland metro area.
I am a real estate agent and have just formed an LLC for my residence that I purchased last year in 2019. I'm looking ...