Marian Smith
Deposits and damage charge for irrepairable damage to a rental
My tenant spilled latex paint on the patio...and something else that looks like rust. Concrete is porous so I doubt it can be cleaned. Do I hire a sandblaster or charge a damage fee; and if the later, how much? And...
Michael Plaks
EXPLAINED: I started REI in 2021, what expenses can I deduct?
Here is the standard answer to all legal and tax questions: it depends. In this case, it really does. We have to start by answering 3 critical questions:
What kind of real estate business?Did it actually start in 202...
Sam Leon
Providing proof of repairs to insurance after hurricane damages
I have a kind of an odd questions for fellow landlords or if anyone is in the insurance side.Last year when Irma hit South Florida, I suffered quite a bit of damages on a number of my rental.A particular one is a mult...
Jason R.
Need Advice on Home Warranty Plans
Hello,I am closing on a 3-unit building next week and it was built in 1950 with various aged appliances. What home warranty company do you all recommend? Thanks!
J White
Tenant lease expired; wants 6 day exten doesn't agree on terms FL
This property is located in Florida.We (Landlords) have a tenant that has been renting since 8/2011 signing 1 or 2 year lease renewals. The last 2 year least started 8/1/17 and ended 7/31/19 with monthly rent $1700/y...
David Repinski
Failed mortgage on rental property(IRS expenses?)
In May of this year I had a failed attempt at securing financing for a mortgage on a rental property. I ended up paying cash and then refinancing two months later. The question is about the cost of the failed mortgage...
Donald DiBuono
Apt Syndication (MGT Fees)
I am working on crafting a business plan around apt syndication. What is a typical management fee (% of rents) that syndicators charge?
John Castillo
Stimulus checks - rental income count towards gross income?
For example, if my salary is $60,000, and I receive $12,000 in rental income (12 months of $1,000 in rent.. of course this number does not include deductions like repairs, taxes, interest, etc), does that mean the gov...
Jordan Prentice
Adding Washer/Dryer Unit to Multifamily
Howdy BiggerPockets, I am looking at an 8-unit multifamily property in College Station, Texas to do the BRRRR strategy on. While the majority of the rehab is straight forward, I would like to add a washer and dryer to...
Tyler Perleberg
Water Damage and How to Proceed?
I am a landlord of a condo in a high rise. I have been getting so much conflicting information from people from all over on how to proceed.
I use a standard Minnesota Residential Rental Lease Agreement.
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