Soh Tanaka
Furnace & AC check up worth it?
Do you hire a professional service man clean your rental property's furnace and AC? Is it worth it? How often you do it? I feel like it's not really doing anything, but I could be wrong. Thanks!
Flor Sulpacio
Military tenant wants to break one year lease
We have a rental with military tenants, 4 months into a one year lease they want to know if they can break the lease so the 14 month old child can have a yard. I only charged 1/2 of the rent for a security deposit an...
Lucy Can
How to do taxes on Property Development
We bought a single family home near downtown Denver, gave it to a builder for constructing a duplex after doing a quit claim to an LLC in 2018. The Duplex finished building in Summer 2019 and we sold it in fall 2019. ...
Jack Barkow
CPA Fees & Tax Liability on the Sale of a Rental
What should someone generally expect to pay for tax preparation? I currently work a W2 job and have 5-6 rentals in my personal name out of state. Looking at Federal plus 2 state tax returns and associated real estat...
Mikey Liu
Cost segregation and how to keep rental losses in future years
Hi all - I understand the benefits of cost segregation in year 1 and how you can front load the depreciation of the unit. However, in future years, isn't the depreciation much less? If so, then how can one still maint...
Tyler McDonald
Taking second position when lending out private money
Hey all! I've got a chance to lend to someone for a rehab project. They would like to use a different property (a well performing STR) as the collateral due to the renovation project being a rental property that is o...
Arthur D.
W-2 and Depreciation
Hi there friends.
I've purchased my first property late last year.
My only income was months rent Dec.
So. My question is. Can I deduct my loses from my W-2. My loses would be rehabbing, utilities , etc.
About $...
Account Closed
Broker Commisions - Investment Purchase
Can anyone testify to using a broker for investment property purchase vs not using a broker? Has anyone gone down the not using a broker path? What issues did you run in to? Was it worth the savings?Any input apprecia...
Priceton Braswell
I have $30,000 cash. Ive never bought a house. Please help me.
Im 23 and I just got a settlement from an auto accident. The insurance company wouldnt cover the medical bills so my credit is 316 but I have 30k cash. My rent is 550 a month. Id like to invest in a property and rent ...
David C.
Is a Property Manager an employee or an expense for an LLC ?
For those who use a property manager (particularly for out of state rentals), do you have to have them listed as an employee of your Single member LLC, or can you consider this as an expense(not an employee) to the LLC ?