Nancy Wang
ex-tenant's guest asking for my insurance to file a fall claim
Tenant has moved out 30 days ago. Today received a text message from a lady saying she had a fall in my property when it was rented to that tenant. Tenant's insurance has assisted her. Now she is still not well and ne...
Donnie N.
Should I file a claim for "lost rent" with my insurance company?
I have a property that's been sitting want for over ~5months now. This is all due to the inspection process. The property is in Richton Park. The inspector there has been very difficult. The property was inspected in ...
Tim L.
Do I file state tax return for rental property in another state?
-Entire 2022 I lived in Florida (no state income tax)-Rental property in Utah obtained years ago, -This is first full year living in another state so I didn't think to file state tax return. I realize however since th...
Morgan Crandall
CPA Recommendations: 1 triplex, 1 primary / Married Filing Separately due to PSLF
Looking for CPA recommendations in Chicagoland/Illinois (primary is in Chicago, rental is in Champaign, IL). Need someone who is well versed w/ student loans as well as I file separately from my husband to save on mon...
Matt A.
Should a General Contractor or their Sub-Contractors (or both) file permits ?
I'm deciding between a couple different licensed General Contractors to hire to remodel an investment property in Oakland, CA.
Some of their buildzoom.com profiles show no record of them having ever filed permits.
...
Trevor Sarter
Can you file a mechanics lien on a commercial property in MI ?
I am a real estate investor doing a creative financing deal on a 60 unit apartment building in Michigan. I know that you need a contractors license to file a lien on a residential property but do I need one for a comm...
Rose Parc
How to file Sch E when moving rent to LLC mid year
Hello - My rental property has been rented for most of last year. In the middle of the year we moved it from our personal names to an LLC. The LLC was opened up in both my name and my husbands. Do we file one LLC and ...
Sean O'Keefe
EXPLAINED: Late filing penalty relief (or relief for other types of penalties)
Late filing penalties, late payment, and underpayment penalties are the most common for taxpayers.
We have a lot of last-minute filers reaching out for help. Unfortunately, we don't have any more bandwidth to take on...
Zeb B.
File Claim or Pay Out of Pocket for Slip and Fall Liability
Over the last 10 years I have acquired and leased out several single family houses and duplexes. I have never filed and insurance claim on any of them.This spring, a delivery driver slipped and fell making a delivery ...
Ben Freeman
Local bank won't accept rental income until its filed on my taxes.
I was trying to be pre-approved for a new primary and ran into some issues with the lender not wanting to count my income on my duplex. Backstory:I purchased a duplex in may of 2022. One half was rented($1300) the oth...