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I am doing my taxes myself via turbo tax and I must say I am underwhelmed with the tax breaks I am getting for owning a rental. My wife and I have strong W2 earnings at about 250k combined and it doesn’t appear that a...
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I am going out on a limb here, and stating emphatically that NO LANDLORD should EVER pay for their Tenants Water Usage. Do you agree?
Here are my reasons:
1.) Personal Accountability: They use it, T...
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This may be a question for people specifically in Washington. One of our tenants was on a 2 year lease option with us but decided to back out before the 2 years was up. The tenant is claiming since he installed 2 new ...
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Hello, My name is Matt and I am a BRRRR investor in Sedro-Woolley, a small town located in Skagit County Washington. I am disputing the city right now and am being unfairly pressured regarding their perceived usage o...
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Okay, so I've been going through this forum for a few days now. Some of the most important information I have gotten was from Mr. Joe McCall. Just genius information that has assisted me with the information I have be...
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Hello all! Nice to meet you BP! My name is Kyle and this is what my current venture into my own bigger pockets looks like so farShort synopsis, Single, 50% custody, [100%]father. Finally had a divorce finalize about 1...
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Does anyone have some inputs on American Fork UT, and its nearby surrounding areas? It seems to have grown quite a bit, with high tech companies moving in. Specifically looking at a new development in American Fork c...
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Hi everyone, I own a few small multi-family properties (8 units total) and I have heard that it is good to transfer rental properties over to an LLC ownership. I wanted to ask what would be the benefit of doing this?...
I have a great tenant in a great building. She was an inherited tenant that I took over 3 months ago. She is a Gen Z’er who has a professional job working in a hospital and is very nice, professional, and keeps her ap...
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HI all, I had a question about bank accounts and what is the best way to manage this. I have chosen to go the LLC route for each property and was told the safe bet is to open a separate bank account per property to ma...