My tenant wants to break his 12 month lease 4 months into the contract. What are my options and how have any of you handled similar situations? Do you refund the security deposit? what about the last months rent that ...

I have had some painting work done for my rental which I want to claim as a maintenance expense. What are the minimum details I need on his receipt in order for me to submit it to the IRS?

I have closing tomorrow to sell my first fix and flip. The question I have is, we negotiated a seller credit for some work they wanted done but I didn't have time to finish before closing. The amount is not on the clo...

Hi all!  I am in contract on my first multifamily property.  During inspections,  a raw sewage backup was discovered in the crawlspace. We required the owner to get the issue professionally corrected and get back to u...

I bought a few places under seller financing, and I was wondering how to structure my payments to them (just mortgage and interest, the taxes/insurance will be handled separately).

The two things I want accom...

Yesterday was the closing day on my first property (in Huntsville, AL).  I wired the cash to close from my bank (USAA) to the account that the closing attorneys provided.  The attorney's assistant said she was a littl...

Unfortunately, the burden of proving and qualifying business transactions for the IRS is on us as the investors and small business owners. Most people think if the IRS can’t prove something wasn’t a business expense i...

Hello!  I have been watching a couple of webinars, etc. and finding the more I know the more I don't know :-)  My husband just retired and we are selling our home in SJ, CA.  We are full time fifth wheelers living, at...

For those who manage 3+ flips at a time, I'm curious what bookkeeping software you use and how you keep all the expenses properly matched to each property. I use QBO for my corp books and Stessa for my rental portfoli...

I've got a bit of unusual situation here and am wondering if any folks (perhaps attorneys?) in SF have some insight.....On 9/1, I leased a three-bedroom apartment in San Francisco from the landlord who lives in the up...