P R.
How to 'Manage the Propery Manager'?
Howdy. New here and a newbie to RE with one SFH property. Had property for 4 years - Kingman AZ. I've had mostly negative experience with Property Managers. In four years had 2 PM's and three tenants. The property man...
Gabe Ryan
CPA / EA tax advice for new investor
Hi! Hoping you all might have some advice for a first time RE investor. I own one rental, but my main income is from a W2, and I'm not quite sure what type of tax professional I should be reaching out to ahead of tax ...
Kwame Knights
House hacking Tax write off
i'm under contract for a Single family (1600 SQ FT) and it has a existing detached two car garage (800 sq ft) that i'm planning on converting into a in-law unit/rental unit. I'm think of using a 203k loan to rehab bot...
Nathan Schiess
Things you like and dislike about your current Property Manager
I am interested to know the things that your PM does that you most appreciate as an owner and the things they do that cause you the biggest headaches. I have worked for a couple different management companies and have...
Kyle Meyers
1099s
As I understand it, 1099s are required for anyone I pay $600 or more during the year for my rental property investing. I have a few questions about the exceptions though.
1. Do 1099s have to be sent to cities or coun...
Candace McCutcheon
Cash or Accrual Accounting?
I have read from several sources that RE investors MUST use the cash accounting method. Our CPA says this is not true. If the state is important, we are in SC. Can anyone confirm this one way or another? To give i...
Dina Schmid
Buying Parents' Home - Ways to reduce costs and hassle?
Husband and I are considering buying his parents' home and I have some questions about this and would love any feedback on how to minimize hassle and our costs. We're doing this for two main reasons: 1) Prevent his da...
Michael Plaks
Tax reform Q&A Thread 2 - Depreciation and Section 179
Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of depreciation and Section 179 changes in...
Brock Dowis
Long term and short term rental partnership
I am curious if this sort of partnership already exists. But wouldn't it be advantageous for a long term buy and hold investor to team up with someone looking to do AirBnb arbitrage? If the property is marginal or may...
Adem Tahiri
Depreciation on tax returns (rental property)
I sold a rental property this year and have to account for depreciation I took in prior years. Which form of my prior years tax returns would have the correct amount that I should account for recapturing now that the ...