Brianna H.
First Time Landlord!
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...
Marci Stein
potential tenant wants to send own credit report
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? ...
Jane Guerreso
Landlord does not report our ontime rent. Impact on our credit?
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 ...
Dave Donahue
Accounting and Property/Tenant Management Software
I'm trying to figure out the best route going forward regarding accounting software a d tenant/property management software. I'd like to choose the best solution that allows for scalability. So far it's looking like...
Heidi Ann Faller
Negative AGI from rental properties - how to carryforward and use
In 2021 I had overall negative AGI on my personal return due to losses on rental properties. I had no tax liability in 2022 and now here in 2023 I do. How/ where do I utilize that prior loss? Is it an NOL on Schedule ...
Greg Lovern
Title Report & Due Diligence for buying preforeclosures
If I buy a title report for a preforeclosure, is it still necessary to go to the county clerk's office and do due diligence? What do I need to look for that isn't included in a title report?If I get both a title repor...
Kyle Banks
First Deal - What Am I Missing? Need Some Help...
BP - I have a deal and I think it's good, but I can't get the math to add up and I feel like I am wanting it to be too rich, or I am missing something. 4-plex, built in 19002 - 1/1 (currently rented for $760 and $900....
Ned Marz
Screening tenants in NY - question about what is allowed and feedback on prescreen Qs
Hey all,
Recently bought a 3family in my home state of NY and am choosing to do most of the management on my own to cut my teeth and learn what I don't know before I outsource it in the future. I am working with an...
Ken Latchers
Its that Taxing time of year.
As its that time of year (in the USA at least), i found this (among many) good summary about when you have to pay self employment tax or not. Generally if you average 7 or fewer nights or 8-30 nights and provide "subs...
Kyle D.
Question on digging into the details
I am looking at an apartment and I noticed on the P&L the owner is including the mortgage interest as an expense reducing his NOI. I thought that should come after NOI. Is this a win for me?