Hello & Thanks to the BP Community! You guys are truly the BEST!
I don't see why this would be an issue, but I'll throw it out before calling my CPA tomorrow.
If an S-Cor...
My parents have themselves in a real hard place with their rental property (an inherited property in rural MO). The tenant was in the property for 9 years, so they are aware that most things will be their responsibil...
I understand you can’t do any work on a property your IRA owns. What if you have a portion of that property owned by a LLC? Can you argue you are doing work for the LLC portion?
Hello,I would like to know if there are solutions to this problem:Despite the thermostat being set to 68-70 degrees, the tenants will plug in electric space heaters and drive up the electric costs.This is a 4 unit bui...
Recently, I have come across a few properties that are 100+ yrs old with lot of uneven floors. Been reading a lot on how to even out those floors with lot of different and conflicting point of views. So my question ...
Need some perspective on insurance coverage as I'm unsure of the advice I'm getting from my insurance agent and lawyer.We currently have 4 properties in their own respective LLC rolling up to a parent LLC. This is in...
I have read through read Voss v. CIR, the memorandum for Inspections of Sections 469(g) and 121, scoured the web, and have attempted to find an attorney/CPA with no luck to help me answer a the question stated below:I...
Hey Y'all. I am @KountryNotary. I am making the transition from a Mobile Notary into Real Estate Investing. I have a great deal of experience with Real Estate Documents, strong knowledge of my local market in Southe...
Bottom line up front: how much time is too much time for visitors? 25%-50% of the month? 75%?? My water bills are high…I think it’s because my tenants have their bf/gf there all the time. Not “living” but stay there a...
We have a friend who recently moved out of their rental in Virginia. Its a 4 br / 3 ba SFH and about 3,000 sq ft and no pets. The landlord kept their entire security deposit including $1,950 for carpet cleaning. That ...