In late March of 2019, we purchased our largest flip to date, both in terms of the purchase price and square footage. This was a property that our agent was able to get under contract at auction and later provided to ...
Can you make the repairs like painting, fixing hvac tax deductible in addition to depreciation?Any good articles on the same?Thank you
I am excited to see the comments in the thread and see what you're doing to generate bookings It was a pleasure to be part of the podcast. Episode here
My tenants ask me if it is ok to have her parents move in for about two.months. The parents are in the process of purchasing a house, and there is a gap. What do I need to do if I allow them stay for two months? Can I...
I have a few doors in small multifamily properties and am looking to hire a property management (PM) company. Most PMs I have contacted have an indemnification clause in their contract, which says the Owner (me) woul...
Hello,I will be closing on my first rental property on January 5th. The house needs numerous small "repairs" that we are planning on completing in the first few days of owning it. Most of these items are small like ...
Hello,
I have a rental condo that I have owned for almost 10 years that currently rents for $1700 mth. The rent covers mortgage, taxes, insurance, and HOA and leaves about $30 on the table at the end of the...
Hello,My business partner and I are looking at some 100+ unit properties in Memphis and are getting hung up on real estate taxes, insurance, and utility expenses. Is there a reason they are so high? Example: There is...
Hi - I just closed on a 45 unit property. Towards the end of the deal the seller would not let my property manager talk to the current resident manager.
The day we closed we learned that the seller’s brother is squa...
Hello BP,I recently did a small amount of improvement (<$1000) on one side of a duplex that I am now living in. Projects included installing vinyl plank flooring in two rooms, refinishing kitchen cabinets, and inst...