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 ...
Laura Henderson
Recommendations for property management software that sends owner statements
Hi there, fellow property managers.I have been previously using TurboTenant to manage my own investment properties but am now going to be expanding my property management business to include managing other people's in...
Uri E.
Rental application fee
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 ...
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...
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....
Lloyd Segal
Economic Update (June 29, 2020)
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...
Barry Cooley
Renting a Life Estate Property
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...
Randall Demary
[Calc Review] Help me analyze this deal
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...
Jason Lam
Refinance Depreciation items
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...