Gene Fish
What's "normal" wear and tear?
Had a tenant in my place for 6 years. Would hand prints on and scuff marks on ceilings and nail holes everywhere for pictures etc be considered normal wear and tear?He was a relatively good tenant so I don't wanna nic...
Chris Coleman
Are these Fees Tax Deductible?
I own several RE Rentals deeded in a Revocable Living Trust (my wife and I as Trustees). I also own several Notes and other investment assets in a Holding Company LLC.I also own an Operating/Service Company (which is...
Jason Bales
Understanding Housing Vouchers
I get a lot of questions about housing vouchers and how you determine rent amount allowed.
Each housing authority (HA) provides a voucher amount determined by bedroom and some further define it by zip code or city w...
Neil Schall
Newbie Investor tax strategy
Hello Bigger Pockets, I'm looking for tax planning advice for starting out and I want to jump into both fix and flip and rental. I am currently working on a deal for two properties with a private seller who will fi...
Richard Unsworth
Should I do cost segregation or not on 2 str?
Hi all, would appreciate some thoughts on whether to do cost segregation studies on both STR properties I have acquired in the past two years or just one? Some details - RE pro tax status- cost seg study of one house ...
Jack B.
Wont the new Trump/GOP tax plan reduce demand for housing?
In expensive markets like NJ, Seattle, expensive areas of CA, etc? I suspect the demand curve will shift unfavorably, at least for expensive properties. Cheap properties in the Seattle area around 350K and so may be c...
Matthew Banks
Advice how to make handling security deposits easy
We have just 5 properties, but with turnover each year, it is very time-consuming to figure out security deposit refunds net of any deductions. We use a spreadsheet to track any deductions for issues caused by tenant ...
Adi Bajaj
Using car for personal and business LLC
Hi,
I started an LLC and currently I am also employed. I use car for my personal use and would like to use for business as well. Any ideas to separate expenses so that I can legally use the car for personal as well a...
J. Mitchell Bernier
Renting from my LLC for my primary residence
I had an intriguing thought today as I was driving home and was wanting to see if this was possible, let alone legal. Let me start with some background. I live in farming country in South Georgia and one of the things...
Rico Nasol
ACV or Rebuild Insurance for Rentals
So we have a rental property in MO. We're paying cash for it and then going to rehab. All in, we're spending ~$70k with an ARV of $100-110k. The rebuild insurance is $84/month at $170k. The ACV insurance is $56/month ...