Michael G.
Why is the Dehumidifier Always on in the Basement?!
Hello all,Currently in the process of purchasing a home and I've realized the dehumidifier is always on when I enter the basement. Now I figure there may be a humidity issue in the basement, but does that warrant the ...
Jeff Wang
Landlord/Umbrella Insurance
Hello,
I have one investment property which is a SFH. I have the option of going with a landlord policy with $1M in liability coverage. I can pay $300 more per year to get that to $1.5M using the umbrella/excess in...
Account Closed
Cat odor and inherited tenant
Hi all! I’m new to being a landlord. I just bought a 4 unit, 2 of which have cats. One cat-occupied unit, no problem. The other—-uff dah! The smell?!? (How do people even want to live this way???)The inherited leas...
Abdul Zulali
Tax advice to qualify for 2nd and 3rd mortgage ?
Most people want to pay $0 taxes for rental property , but claiming $0 profit allows you to qualify for less for your second and third mortgage (due to DTI) . Any advice to pay less taxes but still use the rental inco...
Christine N.
Tenant Claims Landlord is Stealing from Her
I bought a duplex to live in (downstairs) and rent (upstairs). I inherited a lease / tenant who has been here 20 years. She is essentially a hoarder and extremely suspicious. I intended to ride out her lease (3 mont...
Jonathan Perez
Insurance dragging their feet!!!!!! >:-(
So, I’ve posted before about the leak out the the A/C that resulted in water damage under the laminate flooring that also then resulted in mold.... I had put in a claim like in October and they don’t get a adjuster/in...
Nina Ricci
Bulging Brick and Star Bolts - A Concern?
Hey everyone!So my partner and I were looking at this property in Philadelphia. Everything looks good, but we did notice on the outside a set of those star-shaped bolts. Should this be a huge concern/is this a red fla...
Eric Williams
Oversimplified Cost Seg Example
Let's say a rental property gets 12k in rental income, passive.Cost seg gets 50k, resulting in passive activity loss of around 38k.The amount of passive losses carries from the Sch E to the 8582 to determine the loss ...
Jack Miller
Good tax returns but no job while in grad school
Hello, I am looking to buy my first property (most likely an investment fourplex), but just left my job to start a grad program. Prior to this, I had 2 years of good tax returns from 1 stable job as well as my side bu...
Richard Warren
Fed Cuts Rate
The Fed announced a Fed Funds Rate cut of ½%. It will be interesting to see what effect, if any, this has on the real estate slowdown.
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