Kim Messey
Tenant gaslighting re: mold & return of damage deposit
Hi there - My problem seems pretty straightforward, but my tenant keeps asking for his damage deposit back so I want to be prepared in case he takes me to small claims court. The short version of the story:
January ...
Priyanka K.
Year End Tax Question
Hello fellow realtors!I got my license last month and may not have any earning as a realtor this year. I am looking for ideas on how to manage realtor related expenses that i incurred this year!Can I deduct realtor re...
N/A N/A
when closing or found the property
what is needed to finalize and what to look for? put it under your LLC or your name? what aspects to loof for to see a ROI - what is the formula,
Total Rent - (expenses/month) = Cash Back
is that a correct formula?
Tom R.
What is tax deductible when buying investment properties?
I purchased my first buy and hold in October. I till have some documentation to gather before I make an appointment with my tax preparer but I am curious exactly what is tax deductible for this property.Im going to a...
Ronald Cooperman
How expensive is Flood insurance
Just bought a property that requires flood insurance. Called my insurance broker and was shocked by the cost. Any suggestions. Florida
Blake Winiecki
First rental questions
Hi everyone,I am new to the process of getting renters into a SFH in Minnesota. Getting a lease drafted by a lawyer seems quite pricy, is it normal to just use a standard residential lease set by the state or should I...
Account Closed
what do I send to my independent contractors as far as a tax form?
In 2014 I hired a few local guys that worked for me as an independent contractor. They made over $600.00 for the year. I had them fill out a W-9 as well as a independent contractor agreement. Now that this is January ...
Rick S.
Do Co-owners Have to Deduct Expenses 50/50?
A partner and I own a rental SFR as Joint Tennants with 50% ownership each. In the past we have split all income and expenses evenly and claimed them 50/50 on each years tax returns. We sold the property in 2017 and s...
Rudy Manna
Build two houses
I own a rental property in Seattle. The house is in Ballard location which is desirable one. The house in a 5000 sqft lot.Quite a few builders in my block bought houses and then build two houses after tearning down th...
Josephine Breign
Does Umbrella Insurance require max coverage on car insurance?
Hi BP! This question is for landlords who chose Umbrella Insurance instead of putting their properties in LLCs. Seems like the UI only comes into play after all other insurance limits are reached. We're having trouble...