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To make a very long story extremely short: I assisted a friend with the purchase of her first home a few years ago and of course now, am being burned, after circumstances led her / her family to multiple late payments...
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Hello community,I wanted to get input on a scenario I've run across:A commercial building has experienced roof damage due to a recent storm. A claim has been filed with the insurance company, and they dragged their f...
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Doing a joint venture flip for the first time. My partner is going to add me on to title after she closes on the house. It going to be her and my SCorp on title. Im wondering how to best take title... Grand Deed ...
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We had a major flood in an upper unit that spread through 2 units and now I'm in the middle of a major insurance claim and subsequent rehab - good times! I've never done this before, so some of the procedures are pret...
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I fully intend to get a lawyer involved if it gets to that point but I figured I would see what you all think of this situation. My property manager received a letter from a current tenant stating on June 1, 2020 her ...
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I couldn't find an answer to my question through several searches, so here goes.
Background: I own a SFR that is rented out. I do my own property management for this house. I am currently trying to buy another SFR...
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One of my tenants says that the power supply on three of his televisions have burned out. Would the electrical in the house cause something like this or are they just buying cheap TVs? Could it be the fault of the loc...
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Owning a property out of state makes it difficult to source prospective tenants during times of turnover, and therefore, I often employ the use of a RE agent to source tenants. When my current tenants executed a ...
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A little Background
I formed my LLC in the state of VA, where I live (YC Enterprises, LLC). Since I currently own two rental properties in Jackson, MS, I had register my LLC in the state of MS. However, the name was ...
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What is the "trigger" for being able to claim depreciation on a residential property "investment":
Is it investor status (vs dealer) ( assuming intent coincides with status)
Length of hold (like tax rate)
Whether you...