Account Closed
Current Landlord for my family's rental home trying to maximize profit, need guidance
Hello new to the forums here, first off I'm loving the site and plan to use it to it's full potential.I have alot of questions but I figured I'd start out with something that is relevant to my current situation. I cur...
Branden Hernandez
LLC or raise money
Hello I’m new to the forum. I want to start get into real estate but I have $200,000 in student loan debt. It’s hard to keep up the payments without working 2 jobs. I want to be able to quit working and work on real e...
Robert Glennon
Paying personal debt with company checking
I'm working on getting all of my rentals transferred to my LLC and setup in Quickbooks. I'm using Nancy Neville's book: "QuickBooks for Landlords who hold & flip" which is a great help.I have a few personal unsecu...
Chris Latham
Rent reduction for tenant expenses
In general should I reduce next month's rent if I owe a tenant for expenses they incurred or should I write them a check? I am thinking of record keeping and tax implications.
James Allen
Handicap Ramp Mobile Home Park
Yesterday I received a call from my Property Manager. He stated that DSS had called and said he was required to build a wheelchair ramp for one of the tenants. This is still a POH. I told my property manager that the ...
Hl Bowling
Need help- property Managers I am using are dishonest
I am in a desperate help. I had a house in which lived about 6 years. last year in August I moved to another house and decided to rent my previous property.
Since I am new to renting business, used property m...
Jace Im
Las Vegas Market
Hello BP fam, Another beginner question..I am wanting to invest in SFRs in LV(I have family there and grew up there). However, doing several analysis, home prices have gone up quite a bit and it looks like the returns...
Monica Garguilo
Using mortgage pmt to determine cap rate
Hi - can somebody please explain why the mortgage expense is removed from the NOI when calculating the Cap rate? A mortgage pmt is a monthly expense, so if you account for it when you determine your NOI, why is it re...
Rebecca Pantschyschak
Can you run properties as "one business" while in separate LLC's?
I've talked to accountants and tax agents and no one seems to think this is a normal situation, but my understanding from the BP world is that people do this all the time - am I wrong? I want to own my properties in s...
Daniel Foster
Long Term Capital Gain vs Normal Income Tax
Below is a question I have asked my accountant, but haven't really been able to get an answer that I can comprehend. Generally I am trying to understand whether it makes sense to capture renovation costs at the sale ...