Sydney Guzman
Can I require a tenant to professionally clean/steam clean (PA)?
In Pennsylvania, can I legally put a clause in the lease agreement requiring the tenant(s) to professionally clean the unit and steam clean the carpets before vacating, regardless of condition, as part of the lease? I...
Ted Klein
Tax Implications of a Tenant Requested Improvement
Awhile back I posted about a tenant I have that has requested to make a tenant requested improvememt to my property. Long story but to make it short, tenant has agreed to pay approximately $8400 to improve the shower ...
Abhimanyu Aditya
US Citizen with Foreigner as a partner
I am a US citizen. My parent is an Indian citizen. She has some money she wants to invest in the US in a real estate condos we can rent out.
She is happy to have everything go through me, i.e. she transfers the money...
Todd Michaels
Tenant already in place and moving out a week after closing, security deposit
Hello,I plan to close on a 2-flat in a month (week of June 22) with one unit vacant and the tenants in the other unit moving out the end of June. We will be receiving their security deposit. There is an issue with t...
Mary M.
How to ensure coverage will actually cover disaster?
The recent California wild/urban fires, the destruction of 15,000 homes, and the horror stories on insureds not getting paid enough to rebuild, have me wondering: How do we ensure that our coverage will do what we th...
Doug Karkow
Insurance Referral near Seattle
I'm under contract for my first property in the Seattle area - a duplex in Puyallup.Assuming I get the property, does anyone have a referral for an insurance company? And what coverage is needed - just the building, a...
Colin Reid
Real Estate Professional Status
I have a question about Real Estate Professional status as it pertains to taxes. I've been an investor for about 4 years since I moved out of my first home and rented it out. Since then, I have bought two more homes, ...
Taylor Green
Using primary residence HELOC to lend money?
Hi,
I was wondering if it was a good idea to lend money from a HELOC on your primary residence?
My thinking is if I own my primary residence free and clear, I take out a HELOC and use it to invest in le...
Lori Brittain
writing off meals during REI meetups
Should I be saving my receipts when I attend local meetups for a tax writeoff?
Carl Graff
Landlord Insurance by sq. ft. or by appraised value
I am in the process of obtaining landlord insurance for 2 properties:1. 2300 sq. ft. home with 3 car garage and in-ground pool worth ~ 560K2. 504 sq. ft. condo in La La Jolla worth ~ 285K I am getting suggestions on c...