Mit P.
Property Management Company considerations
To the BP community! Hello!I am a property owner of one retail/commercial ground-floor tenant, accompanied by three residential units above. Presently, I personally manage the property which includes rent collection, ...
Bob Dole
Cost Segregation -- What is the true benefit of the accelerated depreciation?
All,Apologies for the newb question, but I just heard about cost segregation and have been reading up about it online.My understanding is this (and please correct me where I'm wrong):Pros: -accelerate depreciation, fr...
Robert L.
Rotting tree: tenant willing to cut down...liability?
There is a rotting maple tree on my property that could be a risk to the neighbor's house or livelihood, not to mention the risk to my tenant and my property. Well, the tenant says he is VERY experienced to cut it do...
Lenny Markus
Has anyone have this happened?
I secured a property management company to get my house leased. Once I signed the agreement, the realtor I spoke to stopped replying for 1.5 months until I pushed a lot to get an answer and left several voicemails bec...
Jackson Long
doing a 1031 without using a QI
We did a flurry of 1031 stuff a few years ago and parts went well and other parts were a hot mess. We are getting ready to sell one of the houses and buy a different one and I don't want to pay the piper. But I've d...
Matthew Barnauskas
Passive investor wanting to get into the flipping business
I purchased my first duplex two years ago and have been living on one side while renting out the other and making improvements to my side along the way. I finished improvements and purchased my 2nd duplex 3 months ago...
Lynde Klein
Tenant Abandoned Roach Infested Household Goods
What do y’all do with tenant abandoned, roach infested, household goods? Unfortunately this property is in a county that does not do bulk pick up collection at the street. I am not excited at the prospect of hauling ...
William Ring
At what point does it become too hard to do your own taxes?
A bit of background, I did my taxes myself for the first time last year. It was the first time I had a salary job and/or sold some stocks, and my dad had previously done them for me while I was looking over his should...
Brandi T.
K-1 loss offset gain from sale of rental?
I'm figuring a year end tax payment - we sold a rental property for a gain (held more than one year) and will have K-1 losses from two syndications that we are LP. Turbotax is allowing the losses from the K-1 to offs...
Joel Harris
Existing Tenant receives $200/month discount to "resident manage"
I am purchasing a 4 plex with one of the tenants receiving a $200 discount on monthly rent in order to be a resident manager. I'm not sure what this includes, but I would be much more comfortable with a professional m...