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Hello, I am trying to understand the legalities of what a Utility company can do in the event a tenant does not pay their utilities, mainly electric and Gas. I ran into a situation specifically for my water bill that ...
As we've grown to 120 units we continually struggle with managing the utilities for our rental units. Starting, stoping and transferring service has become quite time consuming. I have tried reaching out to utility ...
Hello fellow house hackers!This is more of a tax savvy question. I have my primary residence and currently renting out my studio basement. Can I deduct all the expenses (materials from Home Depot) from fixing and upg...
my girlfriend purchased a home through first look, or homepath, one of the two Fannie Mae programs. I financed it with cash. I'm going to rehab it for her and then she will be moving into it. I would like to have the...
I found out this week that the previous landlord was paying for one of the tenants electricity, maybe unintentionally because the electric meters are mixed up. The previous landlord use to live in that particular unit...
Hello BP community!!I have recently acquired my first rental property and it came with tenants in place. They are moving out in 2 months and all the utilities are in their name. My question is, after the current ten...
I am doing due diligence for an older mobile home park. I have been contacting the county health department for permits on the septic system. However, the official who is in charge of this seemed to not have the permi...
Tenant stopped paying utilities and the company shut off everything; it has been 2 weeks now and it looks like the tenants aren’t planning on paying the bill anytime soon. They originally claimed that the meter was ac...
I have a day job and i am planning to buy a new primary residence by renting out my current residence.
Questions:
I will get rental income of $36,000 and expenses of $44,000 (Includes mortgage insurance, property ...