So whether you are renting to families, individuals or businesses, it's important as a property owner to require your tenants carry liability insurance. Why you might ask? Well there are several reasons for this. A si...
A well-qualified tenant who works as a social worker wants to lease my property to help transition teenagers with drug abuse into society, while I support this cause and would love to be a part of it by allowing her t...
I have just found out about a Solo401K. I have a small company on the side. I am a sole-proprietor but I still have a day job. Is it possible to fund a solo401k from my day job 401k and still keep the day job 401k? Ho...
I am about ready to rent out my first LTR. I feel more comfortable with a property manager for the first one at least. The cost doesn’t seem that bad and won’t hurt cash flow that much. In the contract they state that...
This question is for those who operate or have an understanding of residential assisted living facility, residential care homes, RALF, RCH, etc., as a business specifically, not the underlying real estate. 1. What typ...
I have a background in commercial construction & development, so when thinking about renovations or repairs, my mind often shifts to negotiating contracts with general contractors and vendors. However, I know it'...
Hello all! I am doing a 3rd unit addition to a duplex in Minneapolis, MN. I am wondering if there are any general contractor recommendations that anyone here has worked with?I do have a couple companies already planni...
If I use a HELOC on my primary residence to rehab houses that I don’t live in, is the interest still deductible in 2018? I understand that it is not. Any thoughts?
When calling references for potential tenants. What does one ask to the person on the other line? Ex: When calling previous apartment complexes do I ask for a property manager or can a leasing agent provide the rental...
For starters I have a HELOC through my credit union for 130,000Bought a triplex with a partner paid my down payment of 55,000 in February 2020Bought a Single family house in kansas cash and paid 34,000 and needs 22,00...