One of the many benefits of being a real estate property owner is the many tax strategies and laws that help keep a substantial amount of money in your pocket. One of those advantageous tax laws is bonus depreciation,...
Hey all,I used all the advice and wisdom from these channels and decided to do my first deal out of state. I would love your feedback on how you all think I did. I live in San Francisco and bought a triplex in Clevela...
Hi I have a couple of tax questions.I sold my primary residence last year, where I've both lived and rented out half the house for the last few years. Let's say my house depreciates by $10000 every year, but since I o...
As a newbie real estate investor I believe that the tools offered on BiggerPockets are Awesome. However, I'm very analytical and I like to understand how to perform the calculations by hand. I have been trying to figu...
Most of us charge fees/penalties in our leases. The normal late fees, application fees etc. Can you mention what other fees have worked well for you please?Some ideas to start the conversation.We email our tenants all...
Recently two of the higher end suburbs (Broadview Heights & Seven Hills) in the Cleveland market banned short term rentals. Source ArticleI never got involved in the Airbnb craze myself. Not my business model. I'v...
Needing a second pair of eyes on this deal analysis!I am in the market for my first deal and will be occupying one unit for a year or two to start. My goal is to buy and hold, and to cash flow even just a modest amoun...
Hello everyone! I know that HOA fees are ultimately due by the property owner, but my question is:Should the rental amount include HOA fees or should HOA fees be an addition to the rental amount? My thought process ...
Hi All,Newbie investor here. Can someone help elaborate on which utilities the landlord should be paying vs. the utilities the tenant should pay. I know the tenant pays for the internet & cable but what about gas,...
So, I bought a house in the spring of 2019, did a full rehab inside the house but not the outside yet. My question is from a tax standpoint. Do I write off the money I put into the house in my 2019 taxes or do I wait ...