Alicia Duncombe
Tenant moved out after Pay or Vacate notice, what's next?
Per Oregon law, I posted the pay or vacate notice on the 8th day after rent was due giving the tenant 3 days to move out. The tenant moved out without talking to me and isn't answering calls or texts. Is there any oth...
Jonah Kubath
Cash out Refi on Current Home for Investment Property
I want to buy my first rental property. I decided to call a CPA in the Washington DC area and he informed me that cannot claim the deductions on mortgage interest when you do a cash out refi. He also said that the m...
Matthew Carling
Owner Occupancy Office Deduction
Hi Everyone,
I am graduating college this May, and am looking to buy a 3 or 4 unit property as an owner occupancy- does anyone know if you can set up a home office and deduct the sq. footage as an expense, even if yo...
Matt Moylan
Don't Pay the Full Deductible on your Multi Family Policy
If you could pay 3/10ths of something would you?
What if I told you there are ways in insurance to decrease a $100,000+ deductible down to $20,000 or $30,000 AND pay only slightly more premium?
How is this possible...
Samuel DeMass
Capital Gains - Simplified
Hey BP,I'm having a hard time visualizing the taxable capital gains on the backside of owning a property.Here's an example to help simplify my question:What gets taxed when you sell a property?Lets assume the property...
Bienes Raices
Tenants moving out, but not cooperating with showing the house
The house across the street from mine is also being advertised for rent right now. Some applicants for my house told me that they called the prop. mgmt company for the house across the street and were told by the mgmt...
Matt Whitt
Rental Property Tax Question
I'm new here and joined specifically to ask this question.
I have a mortgage on my home. Included in my property is an apartment above my detached garage which I rent out. The water bill is included together between t...
Pooja Maheshwari
Insurance dilemma with severe water damage in an Airbnb condo (affecting several unit
I'm writing to ask for help with an insurance situation. We own an Airbnb unit in a multi-story building in Honolulu. Recently, there was a water leak in our unit that affected several other units and some common area...
Julio Gonzalez
New IRS Guidelines for 179D Deductions!
The IRS released new guidelines and best practices for their internal review/audit process of 179D tax deduction claims. If you have claimed this deduction or plan to in the future, ensure that your CPA or tax special...
Sharad M.
Would you return the security deposit?
Hello all,
Would you return the security deposit in the following case:
I had a tenant who broke the lease by having a pet in the apartment and I gave her a notice on 18th of the month and she moved out by the end o...