Will Yee
Tenant wants to make improvements. Should I let them?
Hey BP,I have a new tenant who just moved in on May 1st and are under a 2 year lease in our SFH 3Bed/2Bath property. So far they've been great, very friendly, neighbors like them, paying on time, etc. No issues.They'v...
Brad Rondeau
Finally selling first rental - Tax questions
My condo in Laguna Niguel CA is worth about $560,000. I purchased it for $365,000. I lived in it during 2010 (while I was fixing it up) and then rented it starting in 2011. After 8 years my tenant has given notice a...
Alan Majors
BP Book Club: 10X by Grant Cardone Chapter 22
Grant's BP Podcast episode convinced me to buy the audiobook over purchasing a paper copy. Great for driving, not so great for taking notes and pondering how to take action in my investing and my life.This chapter li...
Justine Scheuher
House hack: Pros and cons of reporting rent
Hey! Just curious what everyone is doing/has done in the past with rent. Did you file the income on your tax returns? I’ve been house hacking for 1.5 years and have never reported it. After talking with a bank..I now...
Bart Libsock
subdivision
Well it's getting exciting, or scary now, just got done drilling two new wells for two lots that did not have wells, and unloaded big big road building equipment yesterday to build new road into our 4 lot subdivision....
Sunny Burns
Tenant wants Vanity Upgrade - Should I go in 50/50?
So my tenant has been asking about upgrading the vanity in her unit. The current Vanity is a small 24" vanity, it's not in bad shape, but I agreed a 30" vanity would be nicer in that space. So far I've told her I migh...
Bob Vollmer
Difficult First Self Storage Deal
Alright BP and @Henry Clark. I could use some advice on how to lock this property down. I'll do my best to keep this succinct, but there are some topics that may need further explanation. Here's the scenario:
Motivat...
Dylan Favazza
Tracking Vacancy Rates - what is the true cost?
Hello BP!
I'm new at investing as of this year and need some advice on how to track vacancy expenses. I'd like to look back on my first year and see what I spent on turnovers & vacancies....but so much goes into ...
Alexis F.
Can a landlord terminate a lease before it begins?
My husband and I are landlords in California. We have a tenant that signed a lease agreement and gave us a security deposit. After seeing and committing to the property they are now making several demands, cosmetic an...
Marty N.
Year End Tax Strategies
Hello everyone, I have one single family home as a rental property that I purchased in March 2015. It cash flows on a monthly basis pretty well and I was just wondering what I can do to maximize deductions on my 2015...