Bryan N.
Tax question regarding converting primary into a rental
My primary residence will be paid off in less than two years. At that time, I am going to purchase another primary and rent out my current one. The house will need new windows and a roof within the next five years, ...
Ryan L.
Personal residence converting to first rental
Hi All,
I am just starting out and this one question keeps stumping me. Here it is - The house is in my name. The house will be rented in 6 months. I will be doing approximately 7k worth of updates to the house. ...
Troy B.
Repairs to new duplex
I just bought a duplex which one was rented and one not. Both units where in need of some repairs but I'm not sure what is a tax deduction and what I have to depreciate. I know the painting and cleaning can be deducte...
Andy S.
Repair Deductible Charged By Landlord
For my rental in New Jersey, I have set a deductible of $60 whenever I make a visit to do any kind of repairs for the tenant. For example any water leak, of the contractor charges me $250, out of that $60 tenant pays....
CYndilyn J.
Can I make tenant pay for service call on HVAC issue in Georgia
Tenant made a maintenance request that HVAC was not working properly upstairs. HVAC contractor checked it out and said the unit was working properly. The fee was $99.00 soI charged tenant the fee. Tenant says HVAC s...
Will Toress
Seeking advice on tax deductions for STR that's under construction
Hi all, been reading a ton about taxes related to STRs but still have some questions. I bought the property in 2022 with the intent of making it a STR that year. However, when starting construction, we found extensive...
Manish Waj
Contractor/handyman in Memphis TN
Hey guys,I’m looking for a reliable and reasonably priced handyman to handle various maintanence issues (small and big) for my property in Memphis. Ones you’ve personally used for your own properties.Thanks
David Burrell
Mynd Property management bad in Atlanta or everywhere?
Does anyone else have or had property managed by Mynd formerly RentVest?I ask because I recently ended my relationship with them in the Atlanta area, but would like to know about other areas they service.I am hoping i...
Beau Pearson
Is a home warranty on a rental property economical
Is it economical to purchase home warranties from companies like Home Shield for rental properties? Has anyone done the math on it?
Will Wallander
Appliances purchased prior to placing my rental into service
I purchased a foreclosed property on August 7, 2018. I rehabbed the property and placed it into service on September 30, 2018. My tenant signed her lease on October 11, 2018 and moved into the unit in early November...