Mark M.
Insurance
I understand that if the deed lists an LLC then the insurance needs to list that LLC. What if the deed lists the LLC and the insurance lists the owners by name and the LLC as additional insured? Is this sufficient p...
Joffrey Long
Mortgage Expert Witness: California
Mortgage Expert Witness consultation, research and testimony is often used in mortgage litigation cases. I do this work sometimes, but wanted to ask what common types of mortgage litigation others are seeing, especia...
Stephen Race
Depreciation question
Does the basis for depreciation change each year if you have personal use (less than 10% of rented days)? For example, purchase price is $275. Depreciation is $10 / yr. with no personal use. If use 10% each yr, th...
Mitch Stanley
Certified Investor Agent Specialist™ (CIAS)
Hi, I just attended a ARMLS Class & I explained I wanted to work Investors. He's employed by RE Max ( Me, Kelller- Williams Biltmore) & he signed up for this per RE Max, CIAS Certification. I wanted to receiv...
Emily Poplawski
House Hacking on the down low
Hello. I was looking into House Hacking.If you do not depreciate the portion of the house which is rented, when you sell your home, can you qualify for the full capital gains exclusion?Sources:https://www.biggerpocket...
Mohan P.
Lawyer Notice to return Security Deposit
Hi, I received a legal notice from my former tenant stating that I need to return full refund of their deposit. The property is in FL and is a Long Term Rental. I sent them "Security Deposit Refund and Itemized Deduct...
Asia Whited
Deducting RE courses/coaching/membership fees
Has anyone had success deducting fees from a REI membership that includes coaching/courses/workshops/etc without an entity in place? I have rental property that isn't yet in an entity and no other business as of yet, ...
Max Emory
Bookkeeper / Real Estate Investor: Business Expenses
Unfortunately, the burden of proving and qualifying business transactions for the IRS is on us as the investors and small business owners. Most people think if the IRS can’t prove something wasn’t a business expense i...
Mark Lucido
Property Tax on Tax Return
Hello BP - I'm closing out my first year as a new Landlord and I'm working on my tax preparations using TurboTax - Business for my LLC. My question is how to claim my Property Tax on my rental property. It looks lik...
Surendra Chawla
Insurance company for backdated hazard insurance
HiI have a SFH property in Portland, OR that's rented out. I changed my insurance company from Foremost to Statefarm and ended up having a gap period from 10th to 27th June, 2018 without insurance. Mt mortgage company...