Denayer Burns
Additional Streams of Income
Wondering if anyone has found or offers any type of continuity programs to their renters to create additional streams of income? If so, please explain.
Ann Arbor
Renting additional room in house tax implication
I have a question about how to handle depreciation of an owner-occupied residence where we rent out rooms. We placed one room in service in 2014 (25% of home) and filed the 4562 form for 25% depreciation of the buildi...
Nick Garcia
Illegal Garden Unit in Chicago (want to make legal)
Hey there, I have a property under contract that has an illegal garden unit (only 1 egress) but when I submitted it to the city website it was approved for an additional ADU. Given I’d like to rent this unit out, what...
Shea Spinelli
Deduct or Capitalize - Placed in Service Exception
Hey BP Members, quick question. We purchased 12 units in July 2017. In November 2017 we added an additional unit. Wouldn't we qualify for the exception @Brandon Hall discussed as Myth #5 in his article '7 Common Myth...
Brandon Brown
Rough estimate to upgrade to 400 amp service
I am considering switching to a heat pump with an electric heat strip for supplemental heating in our two-flat building, with plans to add a third unit in the future. Currently, we have a 200-amp service to the buildi...
Jordan L.
Agents, would you consider this a conflict of interest or an opportunity?
Hello BP,
I'm just getting started into investing in real estate-- I also work for a company that offers access to all genres of attorneys to the general public for a low monthly fee. I've been contemplatin...
Edita D.
Late Fees: does your property management get to keep it all?
Hey guys!According to an agreement with our PM, they get to keep all the late fees that incur if tenant doesn't pay rent on time. Would you have accepted that paragraph in the contract?Thanks!
Kyle Beauchamp
Dilemna: Property Manager is my Realtor
Hey all,Sorry I'm a bit long winded, I like to try and include all applicable information up front so I don't need to explain much more.I am Active Duty Army. Me and my family moved to Kansas in August. We had three r...
Christopher Morris
To BnB, or not to BnB
Hello BP, I just started looking for 1 year lease tenants in my duplex over in Northern NJ. It’s been a few weeks of my first unit on the market but I am confident I can find a quality tenant. But when talking to my n...
Gary Stringer
To raise rents or not to raise rents
I have two tenants who have been with me - one for 4 years and the other for 7 years- We have been through tough times here in my locale and there have been many empty units- I have these tenants in single family home...