Joe Conklin
First Turnover - Steps for new tenant
It's been a couple years since I have rented my unit and this is my first turn-over. I'm showing the unit this week and just want to review steps to make sure I'm not missing anything.Steps:1. At the showing I will h...
Ernest McNeil
How are you handling rent increases in Maryland during COVID?
Currently, I have two rentals with on-time paying tenants. No hick-ups during the pandemic in 2020 or 2021, monthly payments received on time. Rent was not increased during this time as well. Now, we are in 2022 an...
Jason Merchey
The Amazing Field of Investing!
The following is a quote about a book called The Psychology of Money, by Morgan Housel. I was enticed by this story and would like to buy the book. "Let me tell you the story of two investors, neither of whom knew eac...
Paul Keljik
Do I need Landlord insurance in CA?
Hello,
I live in San Diego, CA. I have one rental property 2bed/2bath condo this is in an 8 unit building. I am wonder what kind of landlord insurance I should have or am required to have? Thank you for any help!
-P...
Chris Arnold
1031 Exchange Eligibility?
Closed on new construction home in March of '21. Initially assessed as vacation home, but thought I would be making it my primary home in '22. Changed secondary to primary, assessed at 4% tax rate in '22. Turns out I ...
Joe Dupa
refund of Earnest Deposit Money
I have a contract with a builder to a home. It has Lender A in the contract but things did not work out well with him
and I had approached another lender, who I was workning with, but my Loan got denied with Lender B...
Cody Wirz
Foreclosure purchase - Unknown occupant whereabouts
I am in the process of purchasing a foreclosure. The bank says it is still occupied, however it appears to be vacant. Once I completed the purchase can I enter the property if I think it is vacant or do I have to go...
Julie Garner
Can I use 1031 exchange when the house is occupied by a dependent?
Hoping this is in the right place.Bought a house ten+ years ago, lived in it ~3 years, rented to the worst sort of people whom I had to evict, rented to my parents a couple of years, once I had a decent nest egg, no r...
Curt Smith
TAXES: where to deduct yellow letter costs, monthly service expenses on personal 1040?
Hi Everyone,
I don't file a business tax return for our LLC because it's a tax non-entity (pass through). If I did this would not be a question. As it is our rental business is falling onto our personal ...
Jimmy S.
Pay or quit template?
HelloDoes anyone have a template of a pay or quit notice that you would be willing to share?Also any other templates also that mind be handy for in the future?ThanksNate