Gopichand N.
Is contigency reserve normal for property management?
I am currently in the process of reviewing a contract from a property management company, and I came across a clause that raised some questions.The contract stipulates that a sum of $500 per property, up to a maximum ...
Wakes Andre
HO6 Insurance for Rental Properties
I'm in the process of getting an HO6 insurance for my rental property. The prices vary from $550 to $2K depending on the coverage. I have a townhome that managed by HOA, in Florida. The HOA is responsible for the ext...
Tyler Mutch
Tenant moving out, trying to keep rent
Hello All, I gave a tenant their 30 day notice 40 days ahead of time, the lease is set to expire on the 15th of March. She is claiming that she does not want/need to pay for the month of March( due on the 5th) because...
Chuck Brooking
Home office tax deduction while using a UPS Store mailbox?
I need to use a street address for a dba filing and plan to use a UPS Store mailbox rather than my residence address. Can I still get a home office tax deduction with the business address different from my residence?T...
Lincoln Waite
Resources for learning about insurance, and what I need?
I've been googling all about insurance and it's left me with confusion and questions in some places. I know I need property insurance, and should have my renters get renter's insurance. And when I have enough assets I...
John K.
Schedule E, Rental Partnership - Unreimbursed Partnership Expense
Quick question for a tax professional, I've read extensively and started to draft a modification for our partnership operating agreement - but want to verify that this method works. Since we use our personal vehicles...
Anthony Cross
Type of Rental Property Insurance
Hi BP. I'm analyzing a few properties for my first investment property purchase, which I plan on renting out to my brother and a few of his friends in a college town. I asked my homeowners insurance carrier for a qu...
Sean Brennan
Do any of you active investors do your own taxes?
Or do you hire a CPA?
I have always done my own, even since I've been self employed... but I am thinking that if I create an LLC and start doing deals it will probably be a good idea to get a CPA.
What do you think?
Paul B.
Small landlord exemption: always been $25K, up to $100K MAGI?
As the owner of a single rental property, I've been deducting rental losses every year, thanks to depreciation. I never thought much of it, because my W-2 income has always been well under the cap of $100,000 where it...
Chris Martin
$0 tax due with $109,250 adjusted gross income - it's LEGAL per 1040 Instructions
To me, the most important tax worksheet is the Qualified Dividends and Capital Gain Tax Worksheet on Page 36 of the 1040 Instructions.
Line 9 of the worksheet says: "This amount is taxed at 0%" What is line 9? It's (...