Sheen Jowl
Subcontract out maintenance
I got an interesting idea. I like to manage the property myself because I like to have control over tenant screening and marketing. However I'm not doing the maintenance side of the property management efficiently. I ...
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Rental property Requirement
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?
Taj Bloomfield
Property Management Advice
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...
Paul Stern
How to handle rebate for an asset received a year later
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...
Vid Sista
Vacation home / STR - record purchase under personal or LLC?
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...
Thuy Pham-Satrappe
Separate bank accounts for each flip LLC?
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...
Thomas C Perry Jr
Question regarding cash out refi on rental property
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...
Account Closed
What risks am I missing? Seller Financing
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...
Justin Henry
Looking to sell inherited property
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...
Nick Paul
VA Price Reduction While Under Contract
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...