Carmen Lapham
How do you protect yourself from being sued as a landlord ?
I’d like to know what a small size landlord does in order to protect them from being sued? Is there more than just putting your business in a LLC?
Aaron P.
Working my first deal
Foreword: Any advice, tips and critique is welcomed. Just keep it constructive ;)I feel I have a deal in the works. Located in Ontario Canada, I have found a property that needs some TLC/reno attention.It currently is...
Antonio Chelala
What insurances should I be getting?
Hello everyone,I hope you are doing well.I am a bit confused on which insurances to get, i know there is the homeowner insurance, and I will be requiring my tenants to have rental insurance. Does having an umbrella po...
Teresa Humphreys
Served Summons & Complaint by the Health Department
Has anyone been sued by the Health Department? I was just served with a Summons & Complaint and ordered to attend a Hearing. The prior tenant had contacted the HD without even notifying the property management c...
Zach B.
Advice on Managing Your Property Manager
Hi All,I have had this property manager on a new property for the past 5 months, and since the beginning, I've suspected that I am getting charged well over market prices for repairs. The units were not in great shape...
Matthew Sperry
[Calc Review] Help me analyze this deal
Looking for advice. Will be looking at this property tomorrow. Definitely needs new flooring, total interior paint job, probably new appliances. There is also a kitchen in the upstairs of the primary unit that has to ...
Robin Olivaw
HVAC replacement in single-family rental - deduct or depreciate?
Hello,We have a general question about recording for tax purposes HVAC replacement in a single-family rental property.
For the scenario below - is there an option to deduct the expense (fully/partially)?
Scenario:
...
Eric Lefebvre
Trouble selling 2 of my homes. Flood land, zombie house neighb
I'm selling both of my rental houses in town so I can invest out of state. First...There is a zombie house next door then a wetland probably 100 ft long and another zombie house past the wetland. So technically 2 zom...
Scott W.
Homepath rehab loan question
has anyone ever done one of these or know what's involved? I believe the contractor has to front all the $ in labor/materials and is paid at the closing, upon appraiser inspection.
Any truth to this? I would think th...
Shon Drennan
Wholesale or Buy and hold?
I am currently about to buy a single family home from a family friend for $100,000. It will need roughly $10,000 of repair. The appraisal value is approximately $190,000. My question is should I buy and hold this prop...