Ron Singh
tax deductible limit on rental properties
are there any max limit on mortgage interest, property tax etc, which would stop you from getting tax deductions on rental properties you own ?in other words say you own in your name (not llc):primary residence : mo...
Thomas Swindell
What money amount do you require tenants to put down at move in?
What requirements do you guys have for when the tenant moves in for the money to put down? For example do you request first months rent, last months rent, and a security deposit? What is the security deposit usually e...
Monica Kovalsky
Does anyone use online applications for your rental units?
Hi all, Wondering if it makes sense to move to online applications with our rentals. Sometimes it is difficult to read the handwriting of the applicants. Has anyone had any success with this? What tools/system do y...
Michael Zack
Discrimination? How to prevent it.
I had someone inquire about the other unit in my owner occupied duplex. It's an old house and most likely has lead paint. Also, not sure I would want to hear a 3 year old running around all the time. For these reasons...
Sharon Frazier
Section 8 Only Advertising?
Can rental properties be listed or advertised "section 8 only"? Is that a violation of fair housing laws pertaining to discrimination against income source (I guess in reverse for non-section 8 applicants)? Thanks!
Jason L.
How do you document the non-selection of qualified applicants?
I understand how to document applicants who do not meet our criteria, but how do we document applicants who are qualified but not chosen?
Sunil Kumar
Renting to a prospective tenant with a large service dog
A prospective tenant has a 60 lb. Service dog. I do allow tenants in my 15-plex to have a small pet (less that 15 lbs). The applicant is disabled and has provided me a doctors letter and the documentary proof of her d...
Steve T.
Amount for expensing $ amount
I can't get a straight answer from my tax advisors-At what amount, $ wise, do you have to amortize vrs expense it out as a same year deduction?I have been using a $600 limit for expensing, anything over that gets lon...
Luke Hoffman
Application fee for tenant
My wife and I are purchasing our first rental property and we have a few questions. #1. What do we charge for a rental application fee?#2. How do we check the tenants credit report?#3. How do we check the criminal his...
Ryan Bird
Tenant income rule for 3x rent
Landlord using income criteria, which one would you suggest from list below or there other alternatives? 1. Combined income of 3x2. Each applicant has 2-3x income 3. At least one of the applicant has 3x income4. Any o...