Is there a limit on the amount of expences a landlord can deduct from taxes per year? Such as replacing things that are coming up due, such as floors, siding, and windows?

Hi Folks,  Last few years I just added up my general business expenses: education, technology, subscriptoins etc, divided by my number of Sched E houses and added an expense called General business expense onto EACH h...

Has anyone taken or considered taken the Covid 19 Cares act $100,000 out of their 401k to purchases additional properties? What are you all's thoughts? My thoughts are that you could buy a property and depreciate it o...

Hi BP! Can anyone recommend a CPA for someone who got their first STR property this year? TIA

Property managers, how do you collect rent from tenants, keep your management fee, and send the remainder to the owner without it reflecting as if you received the full rental income in your bank account?

Are y...

I know that as a landlord manager of my properties I can deduct at a rate of $0.56/mile the cost to drive to my rentals as long as I keep good records and for certain approved activities such as collecting rent; going...

I had my roof inspected after some recent storms in the area and the roofer told me he strongly recommends I replace the roof within the next year. Although no leaks were spotted, he said that because my roof is at le...

my two business partners and I just closed on a duplex.  the plan is to house-hack.  two of us will be living there as a primary residence but the third person will not be there.  however all three of us are on the ti...

Am I correct in assuming that most investors do not have a storefront/office space where they conduct business?
Is it considered not necessary due to "virtual offices" and home-based business practices? Ar...

When figuring out expanses, one thing that eats away most of my profits is insurance, but I assume pretty much same number for any size/year property: $1000/yr for homeowners insurance and $1000/yr for flood insurance...