Chris Lynn
Sec 121 + 1031 + Sec 121 + 1031 = Say What Now? Can we do this?
Four years ago we got lucky and were able to buy the 2-unit building we'd rented in for the previous 18 years. One unit was vacant and we fixed it up with the intent to AirBnB it. Just as it was finished, my mom was f...
Katie Camargo
Are home warranties ever worth it on rentals?
Recently closed on an older property that needs some updating. The AC is old, but I’m planning on holding off on replacing it. Meanwhile, I have been getting a number of ads for home warranties. I don’t generally buy ...
Trent Kruessel
Insurance for Rental in Kansas City
I have a handful of single family rental properties in Kansas City. I was reviewing my monthly expenses with @Ian Reeves the other day and he mentioned that my insurance premium is way too high. I called my insuranc...
Will Gaston
What Are the Repercussions of Filing a Title Insurance Claim?
All:I've recently purchased a property in Columbia, South Carolina that I thought was three legal units; a duplex with a detached guest house. The Zoning department is now saying that the guest house is not to be rent...
Zenas Underwood
Owner Occupied 4 Unit Plex Insurance
Need insurance on an owner occupied 4 unit property. I am very confused on what coverages I need. I have received quotes with yearly premiums ranging from $1600 - $4500. Each quote that I have received is structured d...
Mariah Volk
A few questions!
New to this, so please be nice :)1. If we meet all of the requirements and choose to take bonus depreciation on an STR in 2024 (to take advantage of the 2024 40%), would recapture occur if we decided to change use in ...
Tashsa Holmes
No pet/damage deposits allowed, renter moving, pet ate patio door
Hi everyone,House is in Ont. Canada, where you can only collect first and last month's rent when a renter signs lease. You can't collect damage deposits, or pet deposits for renters that have pets. A renter can sign l...
Peter Grosso
Putting a lien on a property after a hard money loan is in place?
I have a complicated situation and I am going to try to express it clearly. I own 5 units in a 64 unit building. I agreed to partner with the owner of the rest of the units. We are upgrading the building and convert...
Sacha LaCoss
Tenant dog caused fire-Insurance? Deductible?
Rental is located in Albuquerque New Mexico
So my tenant was not home and her dog broke out of the kennel and dragged things all over the house including a couch cushion over the gas floor furnace. Neighbor heard th...
Andy Gill
How to accelerate distribution of excess funds after foreclosure
I bought an HOA foreclosure at auction and paid about 24k over the foreclosure amount. The attorney representing a mortgage lien on the house is being coy, saying that they'll send me a payoff for the full mortgage am...