Suduk N.
Separate heat and hot water in a 3 flats
I'm about to close a MFH in Chicago. It is a 2 flats with a legal basement making it a 3 units property. It has 3 electrical boxes and 3 gas meters. Currently, there is only 1 huge old gas hot water furnace that servi...
Michael Gil
Multi Family Properties that are not completely metered separate
Do you avoid any multi family that is not completely metered separately?Looking into house hacking a Duplex but noticed some only have electric metered separate, leaving the owner to pay gas and water.How much of an e...
Reagen Natho
Separating Days of a Booking Across Months for Taxes
Quick question! I have a spreadsheet on which I'm tracking all of my revenue & taxes that need to be paid. For tax purposes, do I need to breakdown a stay that goes across months?
Ruchi Patel
cost of converting two separate units into a duplex
What is the average cost in Jersey City to convert two units into a duplex? Currently have a 2 family with 3 separate units, what is the process to convert the top two units into a duplex?
Account Closed
Separated From The Military, Getting Involved In Real Estate
I'm looking to get preapproved very soon. I have good credit. I don't want to get a commercial loan. Portfolio lenders perhaps. I'm willing to learn.
Abby S.
Separating water/radiator heating back to tenants - ROI check
My 4 unit is at $4800 in gas for the year with budget billing, which is on me to pay. This is one large water heater tank (75gal) in the basement, alongside a boiler that feeds the radiators throughout. In planning f...
Jimmy Thomas
Partnerships 2 Separate LLC's/S Corps or form one?
Starting a new Partnership and wondering whether or not to form a company with the individual, or invest in the project using our own separate LLC's/S. Corps. Does anyone see any pros and or cons to this? I know it's ...
Judy Murphy
Tax benefits of separating rental income from pet rent?
Hello everyone. I have 3 rentals, one in Anchorage Alaska, and two out of state. With all three, I have Pet Rent. My property manager in Anchorage separates the pet rent from the general rental income on every stat...
Nelson Del Castillo
Splitting utilities when you don't have a separate meter
I have a 2 family house, the first floor unit along with the garage and basement lights, are all on one meter. Previously the first floor apartment was rented to college students so I would pay for all utilities... We...
Bob Denkers
Selling my 2 houses on 1 lot separately - ADU
Hello, I have 2 houses on 1 lot, Main house is 1600 sf 5 bed 21/2 bath, 2nd House is 2 bed 1 bath 800 sf. Both on 1 lot, no garages so i cannot split lots without building garages and lot is too small for that, The...