When you file a claim for a rental property and receive loss of rent reimbursement, is your property manager entitled to their percentage of share? If yes, it does not seem very fair because they don't pay any out of ...

My new  tenants upstairs apparently brought in a "portable washer" which has leaked into the downstairs unit - destroying the tenant's bed and TBD on the rest of the damage. (Yay for Saturday afternoon emergency calls...

My partner and I are working on a few more deals and after that we are parting ways due to location change. We bought a bunch of tools while doing work together and don’t know how to split them. I own 60% of the LLC...

I'll be visiting my first tax lien auction in a few weeks (Lake county), and I'm trying to get the most out of my relatively limited war chest.  I'm currently registered for the auction as an LLC, but as I understand ...

I have a property manager managing my rental in Memphis, TN. There was a pipe burst which was fixed by the management firm for which I was charged. There was a charge for drywall repair that has not been done. However...

We were selling a vacant home as is through a realtor and had a amended signed offer that buyers could go in and fix peeling paint so appraisal could come out higher. Realtor over the phone discussed it as touch up pa...

Hi guys, first time post here. I have a first floor condo rental. Yesterday night, 2nd flr unit water heater was broken and dumped all the water to my unit. So I got wet carpet, water heater closet all wet, and wet li...

Hi folks, I’m a total newbie so please be gentle. We’re trying to buy the house next door. Owners haven’t paid mortgage in 4 years. We’re under contract with them for an all cash deal but they keep missing closing dat...

Quick question for a tax professional, I've read extensively and started to draft a modification for our partnership operating agreement - but want to verify that this method works.  Since we use our personal vehicles...

I have an SFH in the New Haven-area. Has anyone had any luck getting the Greater New Haven Water Pollution Control to bill tenants directly instead of landlords? I've asked why they won't do it and I haven't gotten a ...