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Hello everyone! I am an experienced Property Manager looking to help investors manage their portfolios, as well as, my husband and I are wanting to start in fix and flips! He has all the contractor know how and I ha...
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I have an inherited apartment lease in Massachusetts expiring at end of May. I want to notify tenants at least 2 months prior to expiration that I plan on increasing rent as the new owner and with a new lease. This ...
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Quick tax strategy question.I have accumulated over $50K in "unallowed losses" on my tax returns over the past few years. What happens to those losses when I sell the property? Does it get added back to the basis? Do...
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Hello BP Community, it's been awhile since I've last posted or have had downtime lately. Over the last several years I've been in a heavy cycle of acquiring and building rental portfolio, flipping, contracting, and be...
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If one hasn't closed on a house yet, but wants to buy some supplies before the closing date, is that ok for tax purposes? For example a flipper finds a deal on tile that won't be there in two weeks and wants to go...
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I have a SFR rental in Las Vegas, NV that was recently transferred to me by quit claim deed from a parent. There is no mortgage on the property, it is owned free and clear. It is worth close to $400K and I want to g...
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Hi all! So, we’ve had a tenant that’s passed away and no heirs we are aware of. We aren’t looking to recover unpaid rent, but need to find out how we can legally get possession of the property again so we can sell it?...
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With everyone working from home these days, where possible, and with the recent news that companies like Twitter are opting for a permanent remote workplace, I think it's clear that commercial real estate will be seri...
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Quick Question: I was gifted a rental property which had a tenant and lease inplace. The lease does not have my name on it anywhere, just the prior owner. I need to send my leases to the Bank. Do I need to update the ...
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If you were renting a property, say 1-3 years, what would be the limitations of the inquiries you could pose or red flags that would concern you?For example:Online ratings of a PM company? Do the reviews of a few trul...