I just had a new tenant move into my condo unit which is in a 10+ condo building in NYC.  Should the landlord or tenant be expected to pay for the cost to reprogram the intercom to his/her name?  It's $200 according t...

Hey Everyone,I've been doing some research on expense tracking applications such as Mint, Expensify, Shoeboxed, Wave, etc. and have found that all their products are very similar with only slight differences. Most hav...

When setting aside money for expenses that aren’t necessarily incurred monthly such as capex, repairs and vacancy - where do you store these funds? For example, is there a separate account that you maintain and lump a...

Curious here. At the moment I am renting out my primary residence and relocating. In discontinuing my name on the utilities, mainly water and electric, the representative said that they would put the new tenants on th...

Newbie here to BP community but feeling addicted to it and the tons of YouTube videos. Educating myself as much as possible before taking the first step. One question I have after watching several deal of the day vide...

I started an LLC and when I close my first deal, I want to pay myself back for all the expenses that came up when starting the business. 
If I needed to hire an independent contractor for a few things, is this also s...

I went on the IRS website and read the Publication 527.

I want to know if a Gift Card bought at Home Depot and is given to a tenant for home repairs would that constitute as a repair expense?

A repair is defined as ...

Hi
I am considering expense for a small vacation condo which I plan to rent out most of the time. In such a scenario does the condo expense be shown in the expense category while filing tax. I would appreciate any fe...

Can someone give me some clarity on what is deductible against capital gains in commercial real estate? I was under the impression that maintenance costs and general repairs were not, but capital improvements to the p...

Any ideas on how to finance a $500,000 purchase price and a $200,000 rehab budget?Property is worth at least 1-1.1 million fixed up. This lead came in from my direct mail campaign. I drove for dollars and found this p...