I did it! I bought a duplex. I'm living in one unit. I'm renting the other. Now, I want to be proactive about the bookkeeping so that I don't have a nightmare at tax time. Here is what I want to know. I set up three n...

New to real estate, would like to buy rental property in the next year or two.  I keep reading that I should be buying property at a discount.  Why would anyone be willing to sell me a house at less than what it's wor...

Quick question for my apartment owners. How much money do you set aside for maintenance? For single family houses I usually plan on keeping 10% of the purchase price. For example $100,000 keep a maintenance fund aroun...

What are some tips/suggestions you'd offer for Long Distance Self Management?  I am semi retired at age 44, I sold my franchise business 1 year ago and have a very good idea of what it takes to operate a business succ...

Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...

I just bought my first single family house that I intend to fix up and make into a rental property. The roof is only 4 years old and I will be putting pretty significant repairs into the rest of the house. My investin...

A friend of mine recently took a job that will move him from Atlanta to Charleston, SC.  He has lived in a nearby neighborhood for 20 years.  His home is very dated and probably one of the worst looking homes in the s...

I found a deal that is over my head. Its a total of 6 quad-plexes, 2 duplexes, 1 single family. 1 quad-plex and 2 duplexes are renovated with current tenants at $550/month. The remaining 5 buildings are in need of rep...

Oftentimes people get confused whether they should capitalize a purchase or expense it. Hopefully this helps clarify things a bit!
A capital expenditure is money spent by a business or organization on acquiring or ma...

California landlords can now enjoy streamlined maintenance and cost savings thanks to AB 2622.
Signed into law in September 2024, AB 2622 raises the threshold for unlicensed contracting work from $500 to $1,000...