Cassi Justiz
What do you tell rejected applicants?
How much detail do you guys give to rental applicants who get rejected? I do the generic "as a policy I am unable to discuss specifics regarding the owner's decision." We have rental qualifications listed on the appl...
Jamie Rost
Working on my first multi family deal
Hello BP membersI am looking at my first deal and wanted to get some advice to make sure I am taking everything into account to properly analyze this opportunity. I am looking to purchase 2 - 4 unit properties as a p...
Cynthia Hartley
Should housemates' rent be claimed as income?
Hi all,Can/Should a homeowner with housemates claim the income (rent) and a portion of expenses (landscape maintenance, cleaning service, utilities, home repairs) on taxes as a business expense, if it is the homeowner...
Eric L.
Credit reports/scores to exclude tax liens and civil judgements
Market Watch StoryMany tax liens and civil judgments soon will be removed from people’s credit reports, the latest in a series of moves to omit negative information from these financial scorecards. The development cou...
Patti Robertson
One Applicant - 5 Different SSNs!
The fraud in the rental application market now is unreal. I am careful not to give the fraudsters too much information, because if they have half a brain they improve their application when they apply for the next ho...
Charlie Flowers
Discrepancies in deceased dad’s tax returns/ estate reporting
my dad passed away a few months ago. I have been collecting rent on 2 legal units and 1 illegal unit in a 3 family home. The rent is paid in cash there are no leases. My dad and i resided in the first floor apartment....
Ryan Fox
Where to find cost basis in tax return?
I own about 16 rental properties. From time to time, I consider selling a property and ask my CPA what he has as the cost basis so I can understand the tax ramifications. Then there's a long wait... Is there somewh...
Matthew Slaughter
Upstairs Tenant Playing Loud Music All Night, Downstairs Tenant Called Cops
Hey BP Community!! I woke up to a text this morning from a tenant living below a tenant who was up all night blasting music. The cops were called by the lower tenant. Wondering what the next steps are for me as a l...
Stephen West
New sub development question
Somewhat of a unique situation. The land in question was part of a development that the original owner died before completing. It’s approx 100 acres and is in the North Texas area.It’s already been platted and zoned a...
Michael Lopez
Am I on the right track
Good afternoon. This will be the first year we will be reporting REI income from 2 rentals, and I just wanted to be sure that I am reporting the information correctly. Last year we moved out of our FL condo and moved ...