HelloHope you can help with a technical question about 1031 exchanges.Does anyone very familiar with 1031 exchanges know what IRS considers having rights of ownership in replacement property that is considered suffici...

Got a call from my temple university rental property that was just purchased a few months ago, so not much experience with this particular property or tenants yet.

He tells me that the dryer spins but doesn't heat u...

Hi BP!This is going to be my first question in the forums after buying my first property on July of this year. I bought a triplex, and while I’m extremely happy to be living rent free, the property needs a lot of main...

Hi BP,I just got a service call for a leaking filler valve, it was spraying in 2 or 3 directions and leaking down the tank, this is the first day of my tenant living here too. I had my handyman replace the guts and I ...

Hi,My rental property's roof is 20+ years old.  Last year, a heavy rain and storm damaged it and I had to replace the entire roof which costed me $21K.  I understand that a roof repairs can be deducted as expense in t...

I recently purchased a duplex and inherited two tenants. One of the tenants (let’s call them Tenant A) has lived in the property for 9 years, while the other tenant (Tenant B) is a relative of Tenant A. Before the pur...

Hi all, turning over an apartment and it looks like tenants non-slip adhesive bathtub stickers have removed a layer in this tub. Is this a diy-fix, professional fix, or a complete replacement? **any DIY recommendation...

I am putting this question out here as I have not been able to find anything definitive.  I am well aware of the Pennsylvania non-recognition of IRC Section 1031.  I know that gain is recognized when a Pennsylvania pr...

I got the email from RYM below, apologies for pasting the email in entirety but i think this might help others and others can understand the context
iam just 1 year into my owner occupied mortgage. I am trying to acc...

Hello BP, Looking for some advice here. I just closed on my first rental property SFR in Jacksonville FL about a month ago and am now having an AC issue. The tenant called and said the house isn't cooling. I had an AC...