Paul C.
Interest deduction for line of credit
Wondering if someone knows the answer to these tax questions... perhaps @Steven Hamilton II ?If you use a line of credit to finance the purchase of a rental property (not a HELOC), I know the interest is tax deductibl...
Bridgette I.
Hear No Credit Report, See No Credit Report
I'm a landlord for the first time. I just paid for my first tenant/credit/background history check and I was disappointed to find out that I can't see the credit check. I can only receive a pass or fail for the pros...
Andrea M.
Buyer Beware...City Liens/Codes Compliance...
We recently purchased 2 properties right next door to each other with the plans of working on one at a time..2 weeks into the rehab on the first property Codes/Compliance shows up and says that the properties are on t...
Kiley Harris
Renting Rooms to Friends
Hi! I just bought a house and am having my current roommate (friend) move in with me + potentially adding another roommate to rent out the third bedroom. Are there any tips you could give me in terms of writing a leas...
Marcia Maynard
Move-In Inspection Checklist - streamlining the process. What do you do?
When moving a tenant in, it is easy to skimp with the move-in inspection check list (or "Property Condition Report", as we call it) yet it is a critical document. I'm looking to improve my process for getting this...
Lynne MacFarlane
What counts as a lender’s appraisal?
We are in escrow and we paid our mortgage lender for an appraisal but the appraisal had no analysis, only photos, this doesn’t offer any information, only a subjective visual report, correct? The mortgage lender said ...
Laura Sawicki
AirBNB Fees - Total Revenue VS Fees
Hello BP Community!I'm working with a client who's interested in a home that's currently used as an airbnb. I was sent some docs as proof of rental income, but I'd like to know how accurate this is VS what airbnb fee...
Jane A.
Safety Rules for Tenants
Your input is needed! Please contribute into safety rules I am about to send to my tenants. The goal is to decrease the liability. Thank you!HOME SAFETY RULESFor residents of (address)______________________________...
Bob M.
Market discount on 1099-INT
does anyone's note servicer include the discounted portion of principle repaid on their 1099-int? I see the blank market discount box on mine and wondering if this is what it is for. And if I can and should set that ...
N/A N/A
screening!!!
Can anyone recommend a GOOD screening service that can be done relatively quickly and affordable online for new tenants. Preferably one that includes criminal, credit, rental history. Again thanks in advance!