Mike Eichler
Poconos Short Term Rental Seasonality Note
Note to BP:
If you own a short-term rental property in the Poconos, understanding the market's seasonality is crucial for maximizing your profits. The Poconos, located in northeastern Pennsylvania, is a popular desti...
Sandra Shpilberg
Legal Structure: LLC or C Corp
The first property I bought, I bought it titled to my Revocable Trust. As I grow my portfolio, am I better setting up an LLC or a C-corp? I'm interested in your experience with either type of entity.
Michael Steele
Brrrr with a partner attached to the property
Hello BP members. Looking for some guidance. I recently purchased a rental property with a partner 50/50. I would like to refinance but my partner wants to continue buying property out of pocket. Is it possible for me...
David V.
Deducting passive RE losses from nonbusines income (salary)
Can I deduct passive RE losses from nonbusiness income?? I was not aware of this. Is this true??? See section in bold/underlined belowBelow is an article from the Washington PostTax change in coronavirus package ove...
Aliz Raksi
Success with the Just & Reasonable Rent Adjustment Program in LA?
Hello,I'm considering a triplex for buy-and-hold in Los Angeles, whose current rents are 45% below market, but if you could raise rents, it would mean the difference between us having -$200 versus +$1500 in cashflow. ...
Chris Armstrong
Really Trying to understand Depreciation and Recapture upon sale
Hey BP I have been thinking a lot about the issue of depreciation on rental properties and what happens when you sell one after a long time without use of a 1031. I guess I have been thinking about a property that is ...
Omar Hassan
Very New investor with very little tax knowledge
Hi everyone, i wanted to put my ignorance out there and see if I can learn some valuable information from you all. I'm looking to form a simple tax strategy based on a very small portfolio, I want to do it right while...
Neddie Smith
Partnership Income / Deduction Split
Hi BP. I have a feeling this will be a stupid question but here it goes.I have a partner who only wants the tax benefits of real estate and is not concerned about the property income. Is it possible to purchase real e...
Jennifer Sleider
Dad Staying not on lease!
My tenant moved here from out of state. Her husband and father came to help her move and stayed a couple days. Her husband will not be living with her full time as he will be primarily living out of state, just visiti...
Neel Shah
water/sewer bill covered by home insurance claim?
Hello everyone,I recently had water damage due to a pipe burst in my rental house. I submitted an insurance claim and it was fully covered by the insurance. About 2 months later, I received my water/sewer bill. It t...