Jonathan H.
How is Lease Agreement enforced if tenant needs to break it?
As a future landlord, I'm curious as to how you approach the following situation: one of your tenants decides to move out of state, yet has a few months left on their lease. Do they need to pay me for the additional m...
Chris Pounds
Achieving "Real Estate Professional" Tax Status
First post, all. Thank you for reading.
I am considering jumping in on the landlord/rental investment train. I want to maximize my returns and try and achieve REP status on my tax return, therefore allowing depreci...
Jason Phillips
Deduct Advertising Expenses For Rental Property Acquisition?
This may be obvious, but I couldn't confirm in my NOLO deduction guide so asking here: I know I can write off the advertising costs associated with advertising my rental property once I own them, but can I deduct the ...
Account Closed
What I like about the new BP site
To all community members,
I have been using the new site for a few days now. Some will remember that I was an active contributor to the old site. I took some time off for a number of reasons including the fact that s...
Paul D.
Tenants in common - who can claim active participation?
A family (parent and children) owns rental properties as tenants in common. Each co-owner has more than a 10% stake in the properties. One co-owner does 99% of the property management. However, when it comes time to a...
Johnny G
Other Income or not?
I own, and am listed as general manager of an LLC. I am the only member. I deposited personal funds in the LLC account. I used the account to fund the purchase of houses at foreclosure by a third party which then...
George Red
Financing/buying with friends & family
New-ish to REI and have always thought about leveraging my network of friends and family to go in together on properties. Finding unclear information on when pooling funds would require SEC registration, between that ...
Vittal Premachandran
Does activities before closing count towards REPS hours?
I realised that I have clocked up a bunch of hours performing activities that lead to buying my house. These activities include shopping for mortgage, communication with lenders, going to open houses, doing comps for ...
Jorge Abreu
Tips for Multifamily Property Owners
7 Tips For A Preventative Maintenance Approach For Your Rental Property
1.Develop your strategy and involve others in your action plan. Assign specific responsibilities, determine tasks, cover activities to complet...
Paul Ewing
Placed in Service Date
Trying to figure start date for IRS depreciation.Purchased late July 2014 but work needed before rentingProspective tenant stops by while I am working on it in mid August, likes it and, puts down a deposit in mid Augu...