If I rent a property out to someone, do I have to be in the same city if something goes wrong?

Can they handle the problem themselves?

Hi BiggerPockets Family! My friend and I are property managing our first investment duplex in Detroit. Is there any templates or monthly/annual checklists that we could utilize? Any suggestions or feedback regarding p...

I had a new hvac system installed in 2014. I depreciated a portion of the asset according to MACRS. Now, in 2015 I received a rebate for the HVAC system. Any thoughts on how to handle this in my books and tax wise? Th...

I have an LLC I use for my LTR's and other REI and recently purchased a vacation home/STR. It will be used as a vacation home but also an STR when I'm not using it for personal use. I handle all my REI transactions un...

For those of you who open a separate LLC for each flip property, do you open a separate bank account for each as well? If so, do you close the account after the property has been sold? Do you open credit lines or anyt...

How do you maintain cash flow after a cash out refi for a rental property? Does the increased principle balance significantly reduce the monthly cash flow? How do you work that value into your initial pro forma when r...

I own a duplex that I purchased for 69k two years ago. I am a long distance owner and one of the tenants is well behind on rent. I am getting sick of dealing with the property from a distance and would like to t...

So my father passed away last month and rented out a room for them to stay. Now that he’s passed they have full range of the house. My father finished paying the mortgage and I’m looking to sell the house because of l...

Anyone here asked for a price reduction on a VA foreclosure once it was under contract? Monday I was informed that my highest and best offer was accepted on a VA Foreclosure. My inspection period is 7 days. Listing Ag...

I make 350K a year W2, so I'm paying 20% capital gains tax PLUS the surcharge of 3.8% for Obamacare for selling a long term rental I've owned for a few years. But how does the capital gains affect my W2 income taxatio...