We purchased a fixer up house a year or two ago that we decided we didn't want to fix. We bought it cheap and sold it cheap. The sales contract price is $10,000. We probably have $7,000-$8000 in it and essentially jus...

I have a personal and secondary home (house hack with a partner)Personal home I’ve been in for 6 years, house hack home 2 years this December. I may end up selling both after the first of the year. What would the tax ...

I recently closed two deals where I paid the sellers a net amount and I paid all the back taxes and closing costs.My question is, can the property taxes as well as the closing costs be expense'd at year of closing to ...

I was hoping for some general tax guidance (US taxes).  Of course I'll consult a professional, but I'd like to be sure that at such time I'm asking the right questions.  I seeking to understand how to (or what options...

Hi All - I've seen quite a bit of confusion on the application of the Passive Activity  Loss Rules and Short Term Rentals.  Beyond BP, there is a lot of confusion in the accounting community as well but the same rules...

A new tenant moved in March this year and at the time of renting, there was no signs of bed bugs. They called today (8 months later) and said they have bed bugs. The lease states we do not pay for pests, but I've deci...

I am looking at purchasing a mobile home park from a friends father who is older. . It is run down due to his age. This is the situation there are 40 lots, he owns two of the trailers only 10 lots leased he is getting...

Hello all,I am looking to consolidate pest control services over a number of my properties in Little Rock Arkansas.  Anyone have any recommendations on a fair company and what the frequency of treatment should be?  We...

What's the cheapest most effective route towards fumigating a property that's been vacant for one year? Not a rental, my primary residence.

Hi all, My tenants are asking to break their lease after finding bedbugs before they move in. I arranged to have an exterminator come take care of them the day after they were discovered but  they are now asking to br...