We rented out our house for three years, using the services of a local property manager. It wasn't disclosed to us until near the end of the lease that the tenant was late 25 times, and no late fee was ever collec...

The March 16th due date has passed and among returns due were partnership and s-corp returns.
Many were hopeful IRS would have made an announcement regarding filing due date relief, but it's understandable the Coro...

Just established LLC end of 2020. How do new investors go about hiring a CPA who specializes in the real estate industry?

Hello fellow BP Members. As a buyer and seller of loans (and real estate), trying to find the perfect note is like trying to find the perfect spouse. If you truly want to tie the knot, you have to realize that no pers...

Hi. A rental property has a manager. The lease says that the landlord can designate the payment location and has designated the manager to receive payments. The tenant doesn't like the manager and drops money off at t...

Small Damage Deposit of $525 was paid by a local assistance program, and a % of the tenants rent was also paid by the program.
Tenant has recently passed away, and their sister came and cleaned up their belongings. ...

Hi there BP family!
Looking for some advice. Towards the end of last year I used the BP tax pro finder and began working with a tax pro in January to file 2023 taxes and go over tax strategy. I’m just starting my RE ...

I would like to get everyone's opinion on a matter. I have a couple renting from me that are constantly paying late. Now I have a late fee policy in place and I enforce it (rent due on the 1st,$50 on the 6th, $10 per ...

Hi All,I'm super excited to be under contract for my first property.  I was reading through a PM agreement from the company I intend to use, it states that the PM keeps all late fees. Is this common practice in the PM...