Jake Sklanka
Are EOY Charitable donations from S Corp tax deductible?
Hello BP Community,I recently set up an S Corp for my RE business (Colorado RE Broker) at my CPA's direction. He's been out of office for the past few weeks and I want know if there's anything else I need to do before...
Stu Awt
tenant pays landlord's utilities
Hi, Is it legal to pass the landlord's utilities to the tenant. Let's say a tenant stays rent free and pays the utilities instead. Both the landlord and tenant lives in the same home. The name of the utilities are...
Jef A.
Setup for my first rental.....
i have a single family house that i own completely with no mortgage. I am moving into a new house with a mortgage and would like to rent my old house and use that money to pay toward my mortage on the new property. wh...
Jeremy Tran
Transferring rental properties from Parents to my sister and I
Hey Everyone!My parents are in their mid-70s and are looking to hand over their properties to my sister and I. They have been managing the properties by themselves during their retirement, but now they're looking hand...
John O'Brien
1099 Help and Impact on Part-Time Worker Tax Return
Hi All -I have a family member doing some handyman/property management work for my portfolio of properties in NJ. For example, he cuts the lawns, fixes things that break along the way (shelving, doors), and will also ...
Katherine Nguyen
Refinance + Buying an Investment Property
Hi all!I’ve been a long time lurker and I have to say, I’ve really enjoyed the community here! Anyway, I’m interested in buying an investment home out of state. I have a few questions regarding financing that I’m a ta...
Chris Maudlin
Flood Insurance Fort Wayne
Hello BP! I currently own a SF in Fort Wayne and have flood insurance on my property as it is litterally the last house inside Zone AE. The premium on my current policy went up from $1,600 last year to close to $2K t...
Olivia Piper
Tax implications of roof replacement due to hail damage
I'm trying to figure out how I should report the roof replacement in one of my rental homes due to hail damage on Schedule E. The rental home was purchased in May 2017 and the previous roof had half of its usage life ...
Casey S.
keeping deposit due to negligence?
So my last tenant moved out Sunday. I got the keys from her and looked around the place and the bathroom floor was soaked. She said "oh I think that toilet is leaking". Upon closer inspection the A/C drain was clogged...
Ken Chud
Local Landlord insurance policy rates
Hi folks. I am getting hit on renewals and wondering if this is inline with what others are paying. A Nw Baltimore County townhouse landlord insurance policy between 1100-1300/yr, with a $1000 deductable, with Liberty...