Reed Lambier
Finally acquired my first property.
Probably a terrible time to buy a house but I just purchased my first home. It's a 3 story, 3 bed, 3 full bath townhouse in Vancouver WA. It is set up perfectly to rent out but I have to do some light work on it first...
Shay Olson
House Hacking in Austin, TX - Newbie
Hi All! I am a newbie investor looking to buy my first property in Austin, TX. Looking to do a househack with an FHA loan - hopefully live for free and cashflow once I move out. Realizing that in this market finding a...
Jennifer Kessler
Tax benefits of short term rental
Looking for info on any potential tax benefits of STRs. What can be deducted? Is it more beneficial to have it structured under an LLC? Are there benefits if an ADU is used as a STR (I am in California)? I am aware pr...
Christian Aillon
Refinish enclosed rear porch? Do I need permits for this?
Hey all,First post here. I own a 2 flat (3 units)with basement unit on the west side of Chicago. It's a greystone in decent shape. I live on the top floor and rent the bottom 2 units. There is an enclosed rear por...
Logan Macrae
New Orleans STR changes could lead to opportunities or headaches
New Orleans City Counsel is currently proposing banning short-term rentals in all residential areas of the city. This move comes after a federal judge placed a restraining order on the city's previous change to short-...
Jane L.
Not renewing a list as I want to sell my property
I am thinking about not renewing my lease (which is expiring in a week) as I want to sell a house.The property is in CA. Is it good just tell the tenants about not renewing and ask them to move out. I know the require...
Nick J.
What makes a good land deal?
I had a seller call me about a parcel of land, I've never done a land deal and don't really plan on becoming a land investor, so I thought I'd ask. He's selling it for 70k, tax assessor says the land value for 2010 is...
Helen Zhang
Putting properties under LLC or Trustee?
I am considering to create a few LLCs and transfer titles to those LLCs. But before I do this, I noticed many property owners were putting properties into Trustees.
I wonder if theres any information that I am missin...
Ernest McNeil
How are you handling rent increases in Maryland during COVID?
Currently, I have two rentals with on-time paying tenants. No hick-ups during the pandemic in 2020 or 2021, monthly payments received on time. Rent was not increased during this time as well. Now, we are in 2022 an...
John Reid
Tenants deposits and pets
Hey BP friends, I am going to be the owner of a rental property very soon. With that I will be needing to find renters for my unoccupied space. What is typical of asking a tenant to secure a place, First months rent a...