So, I have a bad property manager who allowed my tenant to let the property fall into disrepair and, because I didn't choose the contractor he recommended, he has let my property sit untenanted x 8 months, not followi...
Hi,I wanted to know what everyone's thoughts are on this situation. I have a tenant that is insisting on some repairs. I scheduled a date/time to come inspect and go from there. I kindly asked her to please make sure ...
Hello everyone,Interested to see what are some good ways to increase deductions in order to reduce taxable income. I am already acquiring one more property, but looking to see if anyone has some creative ideas out there.
Newly started LLC for investing in rental properties. What can I expect to write off at the end of the year? Any guidance on what mistakes were made by any of you early on? Should I hold off on buying equipment suck a...
I just put an offer in on my first rental property! I’ve been back and forth a little bit with the sellers and it seems like we settled on terms that work for both of us! I’m super excited but I have a lack of knowled...
In the process of converting my primary residence into a rental property and thinking of the repair items that will make the property most appealing to tenants. A personal peeve of mine are the original hardwood floor...
Hello BP community, I am looking for advice confirming what I think I know about tax advantages with rental income and help filling the gaps on some of the tax advantages/strategies that I may be missing.
To begin, I...
My property manager charges 10% markup fee for all service calls. So a $250 plumbing call turns into a $275 call. Does that sound crazy or normal? I already pay them a management fee, you'd think that would be incl...
Hey everyone, I'm assisting a friend in the purchase of a duplex. He wants to live in one side and rent out the other to help with the monthly housing expense. What are the tax advantages of being an owner occupant in...
Hi,The foreclosed home that we bought over a year ago is about to go on the market this week. It was torn all to pieces when we bought it. Many things needed work and either had to be purchased or rebuilt to new condi...