Patrick McMaster
STR CPA or Tax Preparer
Purchased a short-term rental in Maryland in June, but live in Delaware, work in PA. Looking for a CPA or tax preparer that is well versed in the STR loophole and cost segregation. Having a very hard time finding anyo...
Roy Gutierrez
Deducting from Deposit
Hi guys,The renter that left my property just asked for an itemized list of deductions, I told him that I won't be returning any of his money after he left me with a flea infestation in the house that is still not und...
Megan Hirlehey
Implications of taking money from one LLC to seed another
Hello BP,I am the sole owner of a LLC I created to buy and hold properties, and I just formed a new LLC with a business partner for some deals we will be working together. My question is, what are the tax/legal implic...
Rob Bianco
Termite Prevention Treatment - is it necessary?
I'm under contract on a 4plex property in Texas (Houston Area) and just had the inspections completed. The termite inspector's report read that there were signs of a previous termite infestation but it looks like the ...
Paul Haviland
Purchasing LLC vs. Real Estate - Depreciation Impact
If someone purchases an LLC (that owns the real estate) as opposed to purchasing the real estate, is there a tax implication regarding my ability to depreciate the LLC's Assets. For example, if the prior owner has de...
Eugene Fedotov
Squatters throw feces, brick at landlords, cause $38K in damages at rental home
Anyone dreaming about being a land lord should be ready for something like thishttps://nypost.com/2023/04/15/...
Ethan Perry
Seeking house hacking wisdom (first RE investment)
Hello all. I'm 21 years old and am closing on my first property in 2 weeks. The property is a 3/3 townhome with an unfinished basement. Once the basement is finished, the TH will be a 4/4. The purchase price is $22...
Account Closed
Question about Pest Control
Question: I wanted some feed back on how you landlords handle pest control. One of my renters has complained about big cockroaches and, now, mice. I paid to have the house treated for roaches about a month ago, and th...
Jose Garcia
Termite treatment in myrtle beach
They found sub termites in my rental.One vendor gave me this quote:The cost for them to treated will be $594 plus $192.50 each year to renew the termite bond.Is this reasonable in myrtle beach sc?It’s a sfh.
Amy E.
Home Visit
In another post someone mentioned doing a home visit with prospective tenants to see how they treat the house/apartment they live in. Has anyone had experience doing this and is it worth it? Tips?