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What are the most effective ways to improve online ratings? Do you guys have creative ways of incentivizing tenants to post reviews? Do you engage a reputation consultant? Not sure what all of the options are, and out...
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Hello everyone! I've been lurking on BP for a few weeks now and figured it was time to introduce myself.I have been practicing law for over 20 years. I live in El Paso, Texas with my wife and two sons. I'm 52 and l...
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Talking with my lawyer, he tells me there are implications where a licensed agent can fall into legal trouble and possibly lose their license if they are involved within the fix/flip deal? Is this true? I have a pro...
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I have a LOC secured by my house (primary residence) and another LOC with a slightly higher interest rate secured by a rental property. Both LOCs were established before Dec 2017. Keeping the new mortgage interest wri...
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I own income property in California. I’ve refinanced property in the past and was able to write off the interest. What are the tax consequences in today’s environment? Is it worth refinancing?
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Springfield Illinois Landlords:Reminder -TUESDAY February 16th
SALA will meet on Tuesday, February 16th at the VFW at 2211 Old Jacksonville Rd. All you can eat chicken buffet is around $10 and from 5:00pm-7:30pm. Bar...
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I just finished Robert Kiyosaki's book "Rich Dad's Guide to Investing". He keeps repeating this sentence that supposedly his rich dad told him when walking down a piece of ocean front land in Hawaii:"I can't afford th...
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I'm growing my rental portfolio and I am a little confused about how to handle my taxes.
With Maint expenses do I need to record them as they come in and then deduct from Income for my taxes?????
OR.
Can I put asi...
Hi! I’m new to being a landlord. I purchased a duplex with an existing tenant. That tenant is requesting a number of things that I am trying to determine if they are my duty as landlord to address immediately or if th...
I have a condo unit that was converted from primary residence to rental property in January 2018. I calculated the cost basis for depreciation when I filled my 2018 tax return and thought everything was good. But now ...