Daniel Wolz
House showings and Tenant applications
Hi BP!I have finally finished fixing up a rental and have listed it for rent. I have received much interest, and decided to just have an open house for a few hours to show the place to prospective tenants and collect ...
William Cain
Tenant Screening (Lease Defend)
I have just acquired through 14 units (3 different properties with 3-5 units per). I am coming from another profession and while I have some experience in commercial real estate I am new to residential.I used a scree...
Garry Lawrence
19-Year-Old Closing on First Rental Property – Seeking Advice!
Hey everyone,
I’m 19 and about to close on my first rental property! It’s a fully renovated, modern-styled, 2-story townhouse with 3 bedrooms, 2 bathrooms, and a basement in Baltimore County, where I live. I got the ...
Taylor McClung
How to not discriminate against married/non-married couples?
Hi there!I have two multi-family rental properties and have come across this situation a couple times and have never found a solid answer to. Can anyone provide their insight?Situation: I own rental property in Califo...
Mo Muigai
Rental application form
Finally ready to move in our very first tenant in February. We have a few quite interested, however we do not have a real application form. Anyone out here willing to share what they have? We otherwise used sample tem...
Keith Miller
First property purchase as an LLC vs. Personal?
My Mother and I have partnered to create an LLC to begin our real estate portfolio that we intend to slowly scale. Our basic criteria includes side by side duplexes that create at least 1% combined rental income on t...
Uneeq Khan
Getting quotes on rehab
Newbie here. Any tips on getting quotes from contractors on rehab? I've sent out photos and scope of work to contractors to get quotes but I get no response back once I send it. I don't have the option of taking every...
Austen Iverson
Owner Occupied - Short Term Rental - Tax Deductions
Hello all, I have a house overlooking a lake in South Dakota. This is my primary residence & the mortgage is held personally on a 30 year note. I file for "owner occupied" status and have the mortgage interest ful...
Mark Douglas
Tenant Vacating / Insurance Claim??
I'm going to give a tenant a 30+ day notice to vacate by September 30. Last night, they had a kitchen fire, causing minor damages. I'm wondering if I should have them file an insurance claim, or just keep their depo...
Account Closed
Do we really get tax benefit for rental property?
Lets assume a Scenario: A new investor who invests $150K on a first rental property. No other retal or home mortgages.
IRS: US govt already allows a "Standard Deduction" of S24,400 (Married joint filing). The other o...