John Underwood
VRBO and Schedule C or E article by an attorney
Here is the link.https://markjkohler.com/how-a-short-term-vacation-...My CPA had said to use schedule E for my STR on Homeaway. Then I saw a discussion on why you should use schedule C.This attorney explains why you s...
Stuart Levine
Tax consequences of assignable purchase contract
I have an assignable purchase contract for two houses as a package. I am sure I can sell one of them for enough to pay off the entire contract, at which point I will own the other house free and clear. My biggest que...
David Eiges
Gas Leak Not Reported for 5 Months. Who Pays Gas Bill?
My tenant noticed their gas bill was much higher than normal ($150) and reported a gas leak which was quickly resolved (in 1 day). The issues were related to some joints around the water heater that needed to be repl...
John T.
"normal" issues with a home inspection
I'm venturing into my first house purchase (done condos before, where I was only responsible for interior).I got an inspection report and it came back with all these issues. Like crack in the bedroom wall signaling po...
Austin Richey
Hello Secured Credit Card question
Ok so I think I pretty much understand how to use my credit. For best results use only 10% of the credit limit every month and pay it off in full once I get my statement. I also have a credit building loan for 1k fro...
Dan Turkel
How to track income/expenses when income is net of fees
My property manager uses Appfolio. When I receive my rent payment each month, it’s put into my account as a single deposit. This number consists of the combined rent for all of my properties. It is also net of all exp...
Steve Totino
loud tenant...what to do?
i live in connecticut. I bought a 2 family home and i have a tenant above me. I didn’t live in the house for 8 months because it was being renovated. During that time i’m sure my tenant was extra loud because nobody w...
Jon Kelly
Tenant background checks & vetting process
Hello, Could somebody refer me to a strong background check resource or vetting process? I own one rental property, which I've had for 6 months. At this point my background checks and vetting process consists of searc...
Tyler Brantley
[Calc Review] Help me analyze this deal
Property in River Mill NCI'm just trying to practice with my calculator. feel free to use this info. If my calculations are wrong please, tell me how I can correct them. This Property with my calculations has a 14% Co...
Anand S.
Second Wave Starting
So it looks like the second wave of the virus is picking up throughout the US with certains states getting hit harder than others. Over the last couple days I've had two cancellations, and a handful more inquiries cha...