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Fellow landlords, are the following something you would considered "normal wear and tear" or no?
Window blinds - these blinds were brand new before the tenant moved in 16 months ago. I am not sure what happe...
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Hear me out... people keep talking about how they're making their own website, using direct booking software, etc. But 3 major potential negatives come to mind
1. No protection. If a guest damages something, or trash...
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I had a tenant move out after 5 years and the carpets are absolutely trashed. They were brand new when they moved in. I know the IRS assumes carpets are only good for 5 years so I am thinking I should not deduct this ...
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I am currently closing on a duplex and I plan to live in one side and and rent the other out. The electric and gas are separately metered and are easy to have these expenses paid by the other renter. The water on t...
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Hi. I have a tenant who had rented a small 1 bedroom condo in Fairfax, N. Virginia for about 2.5 years. He is a federal government employee in Washington DC (working for HUD). Early August, he was 1 to 2 months beh...
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Hello everyone, I am trying to rent my home to try and have extra cashflow. My wife and I both agree we need a bigger home as we outgrew our present home. I want to rent and my wife wants to sell. She tells me what is...
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Hello! I rented out my house for one year and definitely had a lot of learnings with managing the property on my own.One of the after-effects of the tenant moving out of the house was that her gas bill was not paid fo...
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Hello,How do you handle non-responsiveness from tenants regarding not-so-critical issues. E.g.,1. If the tenant does not clean up large trash items in the backyard despite repeated requests. The contract says - RESIDE...
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Hello,I'm currently doing due diligence on a non-performing junior lien that has gone unpaid for about 5 years. I know the unpaid principal balance, interest rate, and monthly payment but the arrearages and payoff amo...
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I am in the process of buying a foreclosure home in Florida, contract has been signed, home inspection has been performed and earnest money has been put down, my real estate agent has been trying to contact the selle...