Do you charge a rental application fee? If yes, then:1. How do you determine the $$ fee? ... is it per family, per adult, other?2. What do you include with the fee? (e.g. background check, credit report, etc.)3. How ...
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....
Good afternoon BP members. I have a situation that I hope you will be able to help me with. My mother has been in a nursing home for over four years. During this time, her home has sat vacant. The property is in a lif...
Let's try this again. I posted this a day or two ago but needed to tweak some things to make it more clear. I'm selling my current residence and buying a new construction with a Jr ADU. VA loan & clergy housing ta...
I work in finance and do my own taxes as its normally pretty straight forward. I did however just refinance an investment property to take advantage of the lower rates. I understand underwriting fees, title fees, reco...
I have a question on tax regarding a long term rental that I recently sold.
Here is the situation:
Bought a house in 2010 for lets say 100K.Spent 50k in 2011 on repairs and to make the house rentable.After repair ...
I just got my first investment property rented. Here are the stats:Purchase price: $86.5kRenovation: $15k (wrapped into loan)Appraisal: $125kCash Invested Before Renting: $33kRent: $1500Mortgage Payment: $400Managemen...
Economic Update(Monday, June 29, 2020)
The economy turned the corner in May after the sharpest and fastest downturn in U.S. history, but further progress in recovering from the pandemic is likely to come much slowe...
Screening people for house rental, person tells me she will send proof of pay and credit report from her bank. I was planning on asking for $25 to run my own. is this an acceptable alternative? is it the same thing? ...
We are renting a house from a private party. Landlord does not report our on time payments to build our credit. In couple years we are looking to purchase a house, would it be sufficient for our landlord to provide a ...