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I know that there are mixed feelings here about the necessity of permits on work done, but here's our story. We are less than two weeks from closing on our first rental - an owner occupied 2-family. We know that she h...
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Hi BP community,I would like to have your advice about one of my tenants.I rented a property to a lady, her daughter and granddaughter in Nov. They signed a two year lease. Four months later, she claimed her relative ...
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Hi BP! I have people applying with two dogs and one of them is an ESA. Our policy is $50/mo pet rent and $300 pet fee for one pet and $75/mo pet rent and $500 pet fee for two pets. I am wondering what other people do ...
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We built our rentals on land in Kyle, TX that belongs to my parents - they have other rental homes on it as well - and my parents do not allow pit bulls or pit bull mixes on the property. It's just such a risk. I l...
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It seems as though the no pet policy is soon to be outlawed and I’m concerned. My company has had a mo pet policy since inception, however the law has changed to now force me to take in ESA animals. This includes hors...
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Can rental income from a basement unit in my primary residence improve my DTI after I report the income on my schedule E?
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Looking for advice. I’m about to close for a duplex. One tenant has a month to month contract, the other has a contrat until April 2022. I would like to renovate the 2 apartments ASAP. The tenant who’s staying until A...
Hi, I'm looking for some help from a CPA who can e-file with the IRS. We're 8 days from closing on this house but stuck because the IRS hasn't processed my business taxes for this year it seems. We filed for an exempt...
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if you’re figuring out the land value for depreciation purposes, can I use the Fair market value for the land? The county assessment taxes it at 59k which is WAY too high. A plot of land has sold for $8500, $10k and 2...
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Hey everyone!
I'm nearing completion on my first rehab in Sellersville, Bucks county, PA, and already have someone asking to rent the property.
I am going to use Rentredi to self manage the property but I need a le...