Hey Guys,I am a first time landlord and I have a potential tenant who has requested that he install a hot tub in the back yard.  He will agree contractually to be fully responsible for it and any damage it may cause a...

Other than the potential for physical property damage caused by the pet, what kind of liabilities does the landlord open themselves up to when allowing tenants with pets?  Specifically how liable is the landlord in th...

If the place is in good shape, would 15 days after the end of the old tenants' lease make sense? Or do I need more of a buffer in case something weird happens and the tenant becomes a holdover?

Happy new year everyone! I would like to drop two of my rental properties into separate LLCs.  I have spoken with the lender (same for both properties) but it does not allow any sort of transfer into LLCs.  I am wonde...

Hi BP,Curious if anyone knows if Worcester allows garage to living space conversions? I Currently have a 3 family here that I am house hacking, and it has a detached 3 car garage that is used mostly as storage. I woul...

I'm in the middle of purchasing replacement property as part of a 1031 exchange and am trying to get some clarification on allowable closing costs that can be paid by the 1031 proceeds.  My 1031 company sent me a list...

Once I bought a trailer in a park that was known for not allowing rentals in the park. The park owner/manager did not allow because she had gotten burned so many times by people who didn’t pay rent. I called her to as...

As part of my regular routine of checking the "tax news", I came across a recently released tax court case, TC Summary Opinion 2018-27.  Bottom line, a licensed real estate agent deducted mileage for visiting houses f...

Hi, Has anyone had any luck with finding apt complex's that allow Airbnb? I am calling everyday and having the hardest time. I am finding some that accept corporate leases but say no to Airbnb.   Thanks

Hi everybody!
I'm Aaron and I am a CPA working at a large regional firm in Manhattan.  I live with my wife in Hoboken NJ (we were married about 1 month ago) and when I'm not crunching numbers as an auditor, I like to...