1) Does your rental property need to be under an LLC to take advantage of tax decuctions such as depreciation and mortgage interest tax deductions or can you still take advantage of these deductions if the home is un...

I'm looking to withdraw a small amount out of my HELOC to invest in a few crowdfunding deals. I believe income from crowdfunding deals (regardless of whether it's debt, preferred equity or equity) is considered passiv...

In general should I reduce next month's rent if I owe a tenant for expenses they incurred or should I write them a check?  I am thinking of record keeping and tax implications.

Hello fellow BP members!I reside in California and am looking at investing in out of state rental property.  With the new tax law in place my understanding is that interest rate deductions are capped at $10,000 per ye...

Hello everyone,I am looking for insurance for a single family rental property in Virginia Beach, VA. I would greatly appreciate any suggestions regarding good companies or brokers to deal with.Thanks,Freda

Hi,Can we deduct from security deposit damages not yet repaired but nonetheless were damaged by the vacating tenant? How would we calculate the damage?Specifically, countertop that was greyed out by something they did...

Hello,I sold a property on seller finance in August 2024. The loan is still on my name, but is being paid off every month by my buyer. So, for the interest paid on the loan from August through December, who can claim ...

My husband and I purchased a vacation rental property four hours from where we live in January.  It was gutted when we got it.  Working with a contractor who rented it during the renovation, we got it remodeled, furni...

Got 2 reply from roofers, they found significant hail & wind damage to the roof which contains x2 layers of shingles and can not be repaired. So total roof replacement is needed , cost about $10000.  Want to know...

Hi all,I've read that Airbnb and VRBO hosts fees are tax deductible. I've found out how I can look up the host fees I've paid last year on Airbnb, but does any one know how to find that out on VRBO?Other than cleaning...