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...
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?
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...