William F.
Remote Contractor Management
So a typical deal is going to involve various contractors doing work over a few weeks or a month.
Contractor Management 101 is to have a qualified, trusted individual walk the property something close to daily. Payo...
Rick Martin
Cost for General home inspection in Los Angeles.
Hello All. As the subject states, I am looking to get the average cost for a certified, general home inspection here in LA, and by all means, I would accept any referrals. It is a 1921, 1250 sq. ft craftsmen + 350 s...
Michael Hardler
HH Taxes: 1040 E or 1040 C?
Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...
Brian Wilson
DTI and Living Expenses
Good Morning BP!
This year I'll be acquiring my first rental property as I'm finally in a financial position to do so. I have a 2 pronged question. I currently put all of my living expenses on a credit card (includin...
Jonathan Small
How to account income from multiple properties on a single 1099
Scenario: I have 3 properties managed by on property manager. I receive one 1099 for all properties at the end of the year. I am using a CPA to do my taxes. How should the tax return capture each property separate...
Richard Merkuris
Interest in commercial property NN
is Double Net in structure and Landlord is only responsible for roof and structural repairs while the tenant reimburses the landlord for the taxes, insurance and common area maintenance charges. The lease was recently...
Alex Freelove
NEED HELP on a Non-Arms Length Sale
I am purchasing a house from a friend of a friend not through the MLS and with no realtors. We are in escrow now. We made the deal at $325k and the seller covers $7k in closing costs. The appraisal came back with a va...
Brandon Weiler
Long term tenants and property inspections
I have a property that I self-manage. It has been rented since 2016 to the same tenant.Other than a couple times the tenant has called about heating issues, I don’t really have a system in place to keep tabs on both ...
Perry L.
invest in DST as 1031 replacement
I am looking for a replacement property, but can't find anything worthwhile. Is DST a good alternative?
Pearce G.
Equifax and credit freeze
I've been reading that experts recommend freezing your credit with each of the credit reporting agencies as a better defense (compared to credit monitoring) against the Equifax and other data breaches. Question for l...