Robert Williams
Tenant Request to Refund Pet Deposit for the Holidays —How Would You Handle This?
Hi everyone,
I’m looking for advice on how to handle a recent request from one of my tenants. Here’s the situation (personal details removed):
The tenant reached out explaining that they’re going through financial d...
Nick Gray
Repairs vs. CapEx in Large Renovation - Tax Question
I am working through my 2019 tax return, which is significantly impacted by a $200K renovation of a 12-unit apartment building that I finished late last year. I recognize that repairs are deductible in the year of and...
Gerard Mangenot
Tax strategy question
I have an single member LLC newly formed in late 2017. I purchased a property in the LLC name to be flipped in 2017 that will sell in 2018. I have not elected to be treated as an S Corp at this time. Nearly all ren...
Brad Crosby
How do I verify a tenant that is Self-Employed?
I am looking to fill my first rental! I have a potential tenant that has been self-employed for the past few years. She claims $4,000 monthly income. How would I verify that? Am I allowed to ask for tax returns, bank ...
Arthur McCormack
Newbie landlord mistakes... is it too late to backtrack?
My first tenant ever moved in November, 2020. I set up the lease electronically and rent on autopay.
Error#1: on the first draft for rent and deposit it didn’t go through, came back as NSF three times. Finally the te...
Yvonne H.
Need sage advice from Landlord Pros
I've been a landlord for 10 years and have never had this problem and I'm trying to figure out the wisest way to handle it. I broke some of my own personal/professional rules, that is one of the reason that I'm in thi...
Willie E Phillips
50 years old and thinking of getting started is it to late?
I’m 50 years old, grew up a city boy never knew much about real estate investing. By 65 yrs old I would be able to retire with two pension, social security and 401k collecting over about 10k a month. I have been readi...
Rajat Chopra
Filing Taxes - When Can Transcripts Be Retreived
I am getting ready to file my taxes for 2016. I am filing them late due to a few reasons. I think my accountant will file them by mail (paper filing method). Does anyone know how long it will take for the IRS to have...
Brett Mason
What mistakes do most people make when buying their first rental?
What mistakes do most people make when they buy their first rental property. How should I get started?
NIcholas Hamel
How do you choose where you invest?
Hey everyone quick question. Wanted to see how everyone decides where they are going to invest. Close to home? Price? Im looking into a few different Areas and looking to really narrow down my search area