I was renovating an investment property in the Boston-Edison area of Detroit that unfortunately caught on fire. Sad. It was now without a roof and with lots water damage from the fire department's great efforts to pu...
If I stop renting out house permanently and have house empty, do I have to pay depreciation back right away to IRS since I claimed them for the last 10 years or do I pay nothing until I sell some day? 2nd issue: While...
Hello. Not sure if this is the correct forum but I am looking for an E&O insurance company that covers agent owned properties. I am a broker of my own company but I also do flips.
I am a new investor and found a foreclosed property that is soon to be auctioned. I went by to look at the property and discovered what looks to be the owners still living there. If I proceed with this property, wha...
I am new to rental property investment. I put an offer to buy a duplex in Wisconsin and was accepted. I assume I need to get landlord insurance? I saw online ads about steadily.com for cheap landlord insurance. Anyone...
I'm hoping this is pretty easy. When eFiling a summons, it asks me to put my address, and I don't want to put my actual address for the old tenant to see for safety concerns. Should I be listing my rental unit address...
I am looking at purchasing 8 properties from a business partner. My plan is to purchase them with a 100% LTV private mortgage from my partner at about 75% of appraised value and immediately turn around and do a rate a...
Hello all,
I just purchased an iPad and I am thinking of using it to have all my new tenants sign leases on iPad. Is anyone out there using iPad to sign leases with their tenants? What is the drawback of doing that? ...
Hi All,I have few long term rental properties. Would like to step in to short term world. Newbie here!!I am looking to buy a potential short term rental property in 3 acres lot (lake facing). This property consists of...
Tenant placed couch/sofa near wall heater. The tenant now claims the heater melted part of the couch. Any thoughts?