Last year a tenant signed a lease contract that started January 15, and for some reason, may be a senior moment, I wrote the contract to end this year on January 15. (He paid deposit + last half of January to move in...
Do you guys keep stocky notes? Or just write things in calendar?For example: dont forget to call a handyman to service AC in property 1 or dont forget to make sure property management company gets a handyman to paint ...
I just purchased 2 single family homes as rentals and there are some items I was wondering how you get the correct tax deduction. I am somewhat familiar with taxes, and bonus depreciation, etc, but just needed more cl...
I’m planning on purchasing a home that needs what looks to be like cosmetic work, such as carpet, appliances, paint etc. My question is when looking to rehab a house to put on the market for rent how do you know how m...
After 5 years+ my tenants have given their 30-day Notice. They have had items stored outside under a patio the entire time. I am concerned that they may leave these items behind for me to deal with. Is there any p...
I have a newer home that has been treated badly, but the issues are mostly cosmetic. I need to do a rather quick assessment to see if it’s worth putting in an offer, and to make sure that it’s the right offer if I do....
It seems to me that Cap Ex is a very important part of evaluating a deal which investors tend to under-estimate. My current rule of thumb is to plan $1,000/year per unit.First- do you agree with that as an estimate?Se...
had to pass the affidavit items. the head inspector tells me, "You need to cut these bedroom doors 1 inch. You need circulation & these doors have no clearance."
When the inspectors showed up originally (standard...
One of the ways we add value to a seller is getting rid of the unwanted belongings (junk) in house after they leave. We try to give away as much as we can to out out local folks and save items from the dump. Typicall...
So what is reasonable to pay a CPA for a small (4 property) investment business? My CPA last year was TERRIBLE and this year I met with someone at McGladrey who seemed very professional and knowledgable but said fi...