Ryan Ballance
As a a renter, are you liable for appliances?
A friend of mine has a landlord in CA who made his own lease agreement requiring the tenants to be responsible for replacing any appliances including normal wear and tear. (Appliances were supplied by landlord and are...
Max T.
Electric dryer - repair or replace?
Got a call from my temple university rental property that was just purchased a few months ago, so not much experience with this particular property or tenants yet.
He tells me that the dryer spins but doesn't heat u...
Justin Rea
Old washing machine finally starting to go out on my tenant
Tenant just contacted me letting me know the washing machine is making loud noises. It’s an old washing machine and of course I was expecting this to happen someday. rental property is in Richmond Virginia and I now ...
Jack Quin
House Maintenance Question
Hi,I have a question about the house maintenance. The tenant kept bothering me about a lot of repairing issue. I had replaced the refrigerator and washer since she moved in one year ago. When we signed the lease, I to...
Tim Schroeder
Accounting for rental property startup costs
My properties are short-term vacation rentals. To get a property ready for guests, I spend a significant amount of money (10-15k) in linens, mattresses, small appliances, rugs, decor, soap, coffee, etc. Also minor rep...
Thayer Hood
Questions all Property Managers should be prepared for
I know there are a lot of questions a prospective tenant may ask a property manager when viewing a property. Besides the blatant obvious, what are some questions you should always be prepared to hear from someone want...
David Balogun
Are rehab cost tax deductible for the LLC im using?
I wanted to know do rehabbers get to write off all the expenses for a property? Does it matter if it's a fix and hold as oppose to fix and flip?
Josh Sterling
Expense tracking for rehabs
This year we purchased several bank owned properties requiring moderate rehabs. We spent 12-30k on each house to get it to an above market quality for rent. This rehab amount includes:
Contractor Labor, carpet, paint,...
Stevenson Alexis
Do you use home warranty companies for your rentals?
I’m seeing home warranty companies like American Home Shield offer maintenance and repair coverage for appliances, roof leaks, etc… with prices starting at about $40 a month up to about $100 a month for the “platinum ...
Nick M.
Purchased First Rental Property
About 2 months ago I have purchased my first rental property. It was a foreclosure, in pretty bad shape; needed a lot of work. It's a 800 sq ft ranch, no basement, 2 bedroom, 1 bath, 2 car garage. I paid $15K and with...