Fred N.
Buyer Cancels 23H before closing. Case to keep partial Deposit?
Hi all,I need the professional to put on their legal hats here, as I have a situation where the buyer purchasing my condo cancelled 23 hours before the closing. Please note that I am the seller/owner and selling agent...
Justin Fox
Capital Expenditure depreciated over life of property.
So say you've been depreciating a property for 10 years. Year 11 rolls around and you completely replace the roof. Does that just increase the remaining depreciable balance (basis) for 17.5 years? Or do you deprec...
Brandon Magierowski
Short on Rent Payment
Hi everyone, currently own a 3-plex unit in Shreveport, La -- I am self-managing the property (my first one). My tenant is late on a payment and currently owes $700 rent + late fees for a total of $775. Today is the f...
Marie Machosky
Emotional Support Animal - Bogus "Documentation"? FHA, ADA, HUD
Hi all,I'm new at this landlord gig and I have a bit of a dilemma. A tenant asked if they could adopt a pet; when I replied with the information regarding deposit and pet rent, I never heard back until I followed up t...
Julie Marquez
Is Property Management a Good Business?
Earlier I asked about how to become a property manager, and got some great responses and have been talking to people all about having a property management company.Now I want to know the pros and cons and all the opin...
Jonathan G.
My Pet policy (first draft)
PETSThe current lease does not include pets however, if desired, the lease can be amended to include 2 small pets. We realize that many families like / desire pets however, all pets do impose a significant amount of w...
Levi Gale
Who does not use the 50% rule?
Hello,
Who here does not follow the 50% rule when analyzing/purchasing a property for long term hold? There are a few reasons I can see someone not using it i.e. they are relying on appreciation (not my cup of tea), ...
Account Closed
California to make "Solar "mandatory for new Homes!!!!!!
The first state in the nation to make solar mandatory for new builds starting in 2020 . Pros? Cons?https://www.cnbc.com/2019/02/15/california-solar-p...
Dominic Holt
House Hacking in Expensive Markets
So house hacking to me is an amazing way to get into real estate and the most promoted benefit is that the tenants pay the mortgage or most of it as well as low down payment.But I live in Portland, OR and a duplex goe...
John Barrett
Case Study - Actual Cost of Eviction & Rehab of Unit - In Washington State
I created this post to address a question I get from many other landlords. What if I have do an eviction (and what will it cost)?During the pandemic many landlords in WA State were prevented from evicting problematic...