Account Closed
IRS Change - Form 3115 (Application for Change in Accounting Method)
I just received an email from my accountant that basically stated the IRS has made some sort of change that will require investors to file a Form 3115 or they may be subject to a higher taxable income due to less dedu...
Benny Gelbendorf
What's the diff between good property mgt. company and bad one
Hi BP,I've heard too many horror stories on property management companies that are not doing their job properly (i.e. do not provide best advice on hazards, termites, do not try to save money when it comes to minor an...
Rob Smith
Need help on Duplex purchase
Looking at purchasing a 1996 duplex in a good neighborhood. The person selling the duplex tells me it has a 10% cap rate which I can't confirm. I come up with a 6.9 cap rate. Is this a good buy?? If I go by the 50% r...
Viki Garene
Want Tenant to Pay for Service Calls
Has anyone had a home warranty on their rental property where they had the tenant pay for service calls? If so how did you set it up?
Nathan Park
How much should I renovate a rental property?
I am about to buy a SFH to rent out. It is a bit dated and will need some work to look ready for future tenants. However, I am struggling to understand what work is worth my time and money. Do you guys have any advice...
Sam Leon
Equipment breakdown endorsement coverage
Can someone help explain to me what an equipment breakdown coverage is? I mean I Googled it and read it and still am unsure what it really is.We own a condo unit in a small building of 8 units. There is an HOA. The...
George Fleming
How to handle shared Washer/Dryer yet utilities assigned to different units
I have two units separately metered and we are installing a shared washer and dryer. Logistically, the water and power for the dryer would come from the smaller one bedroom and the washer power would come from the 2-B...
Account Closed
Property managers allowed unsupervised showings, resulting in theft
Hello! After years of self-managing our single-family rentals, we decided to hire a property manager to provide full service management. I understand that it's unrealistic to expect anyone to treat your property with ...
Arjun K.
Help me understand landlord insurance
I am bidding on a $230K market price property, where I will probably add $20K of equity thereafter in form of upgrades. the land is appraised at $100KI by tax man. This will be a rental property.
I solicited quot...
Tommy Loretz
Property Management Fee - % of Net Income
Hello - Wondering if any investors have experience working with a property management company that charges their fee based on a percentage of net income (after operating expenses) instead of a percentage of gross rent...