Hello BP community. My name is Charlton. My wife, I and our newborn daughter live in central Arkansas where I work as a full time Mental Health Therapist. We are a one income family looking to increase our cash flow a...

Curious to see if homeowners/property managers perform regular (quarterly, semi-annually, etc.) property inspections.  We used to in the past but decided it may be a little invasive to tenants so have refrained.  Howe...

Hi everyone, I closed on my first purchase about a week ago (house hacking through roommates), and today my roommate sent me their $900 rent for August via Venmo. Rookie question here, but what do I actually need to d...

A question on depreciation for residential investment properties. When calculating depreciation, the regular schedule is to depreciate the property over 27.5 years. Do I need to separate out personal property (applian...

I have a new property in a maybe at best C class neighborhood. I’m having trouble qualifying tenants. I have a lot who work jobs as servers or bartenders and make cash tips. Or I just had someone tell me today their m...

Hello

I'm new to the forum here and I'm glad I came across such a great site.
I'm 30 years old and I own a double in Kenmore, NY (suburb of Buffalo). I purchased when I was 23, lived in it and now rent out both unit...

As a property owner, it's important to prioritize regular property maintenance to keep your rental properties in top shape. Here are 5 reasons why regular property maintenance is essential:
🏠 Regular maintenance help...

Hi All, I have an LLC and recently completed my K1 return for my LLC. My question is, for my personal tax return, do I need to complete the Schedule E and/or Schedule C? Or is this not required for my personal return,...

Hello everyone,
I wanted to ask if there was any Local Meet ups in the Tampa FL area. I searched and saw a couple older posts, but I was hoping for a more updated list.
Thank you!

I have several Rental Properties owned by my wife and I, we manage by ourselves, so we have positive Rental Income on Schedule E. but negative Income on Schedule C, can I put $3000 Property Management Fees as expense ...