i am working on my taxes And this is the first year I will get to claim rental expenses. So I am just wondering what items you all are able to claim
Hi All,Looking to purchase my first rental property - actually more like two. I am purchasing (2) duplexes next door to each other as I figured it would be a safer bet having both instead of competing with someone if...
Hi BP!On the city of Chicago site, it states "The ordinance covers most rental properties located in Chicago except units in owner-occupied buildings with six units or less."It seems that the Chicago Residential Landl...
Hey short term rental owners,
I'm wondering what you would suggest in order to be able to deduct expenses of running your short-term rental business, i.e. furnishing the rental, management fee, etc. Is it easiest to...
I have several vacant lots and I need to find some mobile home to put on them. I need any advice you can spare. The lot are located in Piedmont SC on the section near the Greenville SC county line. Please share also w...
Looking for advice on tenant neighbor not updating their mailing address. I own a duplex where occupy one of the units and rent out the other, where my unit has a typical street address and the other unit has a "1/2"...
I am considering purchasing a SFH with an ADU in the backyard, with the plan of living in the SFH and renting the ADU. I am concerned about our exit strategy on this. The ADU does not have a private entrance; you ente...
Hello, I want to know do I need to create 1099 forms for every contractor I use when rehabbing a property or having repairs done on one of my Apartment complexes?I am referring to the following?The Large company who i...
I'm a wholesaler from Memphis and lately I've been using an app, Expensify, to help track expenses and mileage. It's fair but not very professional and it doesn't integrate with anything else. I drive a lot to look ...
I am in the process of closing on a property, so I have some expenses such as postage, travel, and such. I'm paying and tracking these under my real estate investing LLC.However, I'm buying the property under a new 50...