First situation: Apartment was advertised at $1400 for a 2 bed/1 bath house. Prospective tenants had 2 pets and we agreed to increase rent to $1430 (15/pet). Lease was written up with the 2 pets allowed and the rent s...

On Friday, March 27, the President signed the massive $2 trillion coronavirus Stimulus Bill (the Coronavirus Aid, Relief and Economic Security [CARES] Act) to provide assistance to workplaces and employees. The law pr...

I have a property in which the rent has always been current, but it is now two days late.  The boyfriend was found guilty today of two felonies and is awaiting sentencing with no bail.Now his girlfriend and two-month-...

Someone sent me this email so I wanted to post it less as much of the political spin as I could subtract as possible to get a sense for how much of it is accurate. Here are taxes that will be coming for 2011 accordin...

OK, here are the numbers for a SFR I purchased prior to knowing about BP. Numbers are bad, really really bad, but I'm wiser now, a lot wiser thanks to BP, and my next deal will be much better than this one was.

Pur...

I keep reading about how there are so many benefits to being a landlord, because you can reduce your income taxes and such...

Can anyone please explain how it works? Like a basic overview? I have heard people talk ab...

About 10 years ago, Friend A (on advice from his CPA) and an IRS rep both told me that I should strive to not have a loss on my rental property for more than three years, or no more than three out of ? years (not sure...

My son just graduated college with a degree in Music. He is a super talented guy, but like a lot of college students today he's not able to make a living with that major. Let me lay out my situation here a little and ...

This past summer one of my rental properties burned down. I worked through the claim process with the insurance company and properly had the house demolitioned to meet City codes. So, now I have a vacant lot in an u...