I'm reading an article, Top 21 Real Estate Investing Terms and Returns with Formulas, on some basic terminology. The author goes over what operating expenses are and lists examples, and everything seems normal expect ...

Seeking help/advice on doing accounting on this major remodel. Tax Accounting for Rental 100K Remodel. In 2019 I started a remodel and finished in it 2020. What are the best ways to handle the expenses, rental income,...

Because of a need for more space I have moved from a one BR condo I have owned for the past 12 years.  I am seeking tips on the tax and administrative aspects as depreciation schedule of placing it for rent. 

For one of my rental properties, I had a contractor do 2 repairs (small roof repair, replaced four windows) and 4 improvements (added support beams in crawlspace, added gutters and downspouts, added basement access do...

Some friends and I are trying to start a business owning/operating short term rental property.  We formed an LLC for tax and legal protection purposes. When we found our first property, I took out a conventional loan ...

Hi guys,I just got my taxes done by my accountant and it turns out that I have to pay over 3K for 2014 (yes I was waaayyy behind but finally got my act together and pulled everything into an accounting package). Unfor...

Stumbled on this service, which appears to be an interesting business model in itself and got me thinking about how this might work for convenience items such as toothbrushes, deodorants, or other items that are not n...

Hi BP community!I recently completed a major renovation on my property financed through a Fannie Mae HomeStyle Renovation loan, and I'm now looking into options for removing Private Mortgage Insurance (PMI). I’d love ...

I live in a city that does not have a landlords association so I'm on my own when it comes to screening potential tenants. I feel my current system could be improved. Does anyone have advice on specific online backgro...

Hey everyone!Let me preface this post with the fact that I plan to talk with a CPA on all of this, but I like to be educated for conversations like this.
I purchased my house in 2012 for $185,000. I’ve been living in...