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...
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 ...
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...
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...
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...
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...
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...
What mistakes do most people make when they buy their first rental property. How should I get started?
All too often I get the feeling that most here on Bigger Pockets operate under the terms "It's my way, or the highway". What most, in my opinion, fail to realize is that as a property owner, you are providing a servic...
Hi BP, I closed on a duplex this past late June, I think I hit a home run, however I inherited two tenants as I have done basically for all my properties I have obtained in less than 2 years. One of these units needed...