Hello BP Investors,I recently acquired a 6 unit building in the city of San Diego.  Acquisition date 3/26/19.  On 4/29 a tennant gave 8 days notice to move out.  I had the PM let the tennant know that 30 days was requ...

At this point I'm contributing 6% of my pay and getting 3% match by my employer. That's the max they will do.

The way I look at it, the company match basically protects my contribution from inflation, and any fund i...

I've operated my business as a straight single member LLC for the last 10+ years.  This year (2016) my income  was much higher and I figured it might be useful to looking into the S-corp designation with the IRS.  Wha...

How Late is Too Late When Paying the Rent?

If you are NOT fully prepared to file your 2021 tax return on Monday, October 17, DON'T FILE LATE!!!!!  [IRS calls this "FAILURE TO FILE".  It is not a sexual dysfunction]
What you do is to FILE SOMETHING to the best...

My tenant has been trying to figure out online payment, her Jun 1 due rent payment was pending for 3 days on the Turbotenant payment portal before it was returned "due to insufficient funds", she had made a second att...

Hi guys,I never claim my home office on my taxes and I was thinking that when I have an audit, and the audit finds something, then I can use the unclaimed home deduction to offset it.But then Ive heard that some deduc...

Hello,

Received rent by check and 3 days later check bounced. In my lease it says a $40 late fee for paying late but who should eat the fees for depositing a bad check from tenant? Can I charge them for t...

Hi, we converted our previous primary into LT rental in January 2022. It’s been rented since. Purchased in 2018 at $325k, it is now valued at roughly $410k. Is it too late to get a cost seg and take bonus depreciation...

Hello,We had a lease transferred to us that began in 2018 prior to the new rental law enacted this summer. The lease ended in May of 2019 prior to the new rental law being enacted. I have a couple of questions regardi...