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I have an apartment unit that will go online as a short term rental, starting April 1st. I am currently living in the unit and will have to purchase furnishings, supplies, and services to have it operational. When can...
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I'm looking to convert my primary residence to rental before the end of the year. There are some maintenance and improvements necessary to make suitable for rent. For example, I need to fix some gutters and downspout...
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Hi All,I haven't come across an answer to this specific instance. In 2015 I purchased a run down multi-family property. I have been renovating it, putting in ~30k in 2015. Now in 2016 we will soon be renting out the ...
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From everything I have read, I’m not able to deduct my rehab expenses until the rental property is put in service, or advertised as available for rent. Should I just start marketing it now on the rental websites with ...
I am looking to launch a website for my leasing business the City of Chicago.
The best part maybe of having a real estate broker helping you find an apartment and acting as your assistant is that the service is free....
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Hey Bigger Pockets, new landlord-to-be here.We close on a new personal residence in March and will be keeping our current home as a rental. We will be doing some rehab work to our current home such as replacing some o...
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If I make $10,000 in rent this year, but have $15,000 in expenses/deductions due to rehabbing, do I get some sort of tax credit for the $5000 that I’m upside down on? How does that work?
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My partner and I are in the process of fixing a condo to start renting it for the first time next year. We've been doing all the work ourselves so far, relatively low cost stuff like painting and cleaning. We're now a...
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Hi! I just had a, hopefully, quick question regarding my situation and if my assumptions about expenses are correct. I'm currently rehabbing a property I bought and isn't "in service" right now. Not much has been don...
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Recently my account was temporarily suspended for violating the forum rules because I had a link to the following disclosure, but I was only trying to reduce my liability and stay legal: Arizona law regulates how r...