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Good afternoon all!Before I do my taxes, I have a unit in which one of the tenants (a college student, parent paying) prepaid their rent for the first 6 months of 2016 in late December. Should I claim the income based...
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I am reviewing properties for my first purchase. I’ve educated myself here (thank you BP!) for buying a 4 to 6 unit building. My questions are:The property details list the current rental rates and generously forecast...
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Buying my first rental
Hi, I’m buying a beat up rental in Terre Haute, Indiana. I am trying to not throw a ton of cash into the fees as I’m already about 12-20k deep in. For the inspection, I can add a $195 “sewer c...
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I purchased a rental property 2 1/2 years ago thru foreclosure with tenants in place. From the very first walk through prior to purchase including every verbal contact w/my aggressive tenant, she has constantly offere...
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Hi,I'm looking to start real estate investing in the next couple months and I was curious if there's anyway that I can go to lowes or home depot and not be charged sales? I didn't know if I had to apply for vendor's l...
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We're in escrow on our first duplex. Wondering if its "normal" to keep home warranty polices in place? Whats your experience? Do you keep home warranties on your properties, or just deal with the issues as they ari...
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Hi All,
I have been buying home warranty along with home owners insurance for my rentals but they seem to be eating up my cash flow. Moreover the trade call fee is additional if in case a claim has been made. So, do ...
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Greetings;
I am looking for a PM in Milwaukee, WI for my SFH. Am a bit uncomfortable with the language I'm reading in various contracts. Is it typical for the property owner to include the PM as 'insured' on my lia...
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Seeking advice:I have a rental property in North Florida that has been without AC since 6/25. The contractor that my home warranty company sent reset the HVAC unit and it worked for one night, 6/28. I called them imme...
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I got my first property under contract (woohoo!) So how much landlord insurance is really necessary? Do the experienced landlords out there recommend being more conservative and getting more coverage or going with a m...