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A roofer is asking me to hire a Public Adjuster (PA) to negotiate a hail claim with my insurance company. The roofer sent me a 1/2 page contract that would let the PA work on my behalf for $225/hour with no cap. I'l...
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occasionally I have seen realtor signs on a house and it says "For Rent". Even with flyers in the box.Assuming the property does not belong to the realtor and he is helping a client find a tenant,Can you please expl...
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What are the general tests for material participation? This question comes up all the time. As tax professionals, we want to get the word out for those considering a real estate professional designation.
Ok. Here we ...
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Hey all, I'm wondering what you all do when given a security deposit. Do you immediately put it in an escrow account or do you just keep it in your personal account? I've heard about landlords that pocket the deposit ...
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This may be a bit of stretch, but I have been dealing with a contractor for the past week and a half about getting some work done on a property I am buying. He came by on Tuesday afternoon and took a look at the prope...
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Hello BP community,I have just finished rehabbing my first rental property and the next door neighbor approached me and asked me if I would consider renting the property to her since she is licensed to foster special ...
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I have a strange situation, and I'm not sure how I should proceed. I have an executed lease with a tenant to start July 6 (yesterday) for 6 months. He is coming from out of state and is here only temporarily. He pa...
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Hi BiggerPockets community! I am in the middle of a deal and wanted to ask you guys if everything is kosher in this particular transaction before proceeding.My partner and I got our first wholesale lead by doing direc...
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Numerous friends of mine are eager to dabble in real estate but they are unwilling to give up their day jobs. Though I assure them that it is ok to start small, minor fixers to flip, or buy inexpensive properties to ...
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I was hoping to get some suggestions from fellow landlords and property managers on how you might approach this situation.Tenant has been with me for almost a year. She is nice older lady, that has taken good care of...