Didn’t they tell us years ago that we’d be a “paperless society” in the near future? Somebody forgot to tell the real estate industry. There must be a form for every single step in the selling process. In all fairness...
So - have a tenant that moved in, and during her walk through, asked for a couple of improvements. I've been down this road before - so I rolled my eyes. But then she snapped me back to reality, and said that she ...
Hi everyone - I purchased my first property last year and I'm starting to put together my taxes for the year. I purchased the property in May and repaired it over a couple of months before placing it into service in J...
Hi All,
I am in the process of purchasing my first investment property and found one with great numbers but inspection found knob and tube in attic and some in basement. According to the listing/owner the electrical...
Hi I was wondering the type of insurance most of you landlords use? Does your insurance cover unlicensed handymen & contractors that are not insured? Do you always get contractors that are bonded & insured?
So, fairly new investor here. I see a lot of end unit brick rowhouses on sloped lots that have some kind of structural issues. Some minor stair-step cracking in the mortar, some slight sloping in the floors and out ...
Hi everyone. I'm looking to purchase rental properties in Milwaukee, WI. Purchase prices I'm looking at ranges from 35k-55k. Properties are all tenant occupied. Because of minimum loan/ property amount that lenders ha...
So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
What are the thoughts on rehabbing a rental to stabilize it, then flipping it later? Should the work done in the early stages be completed to set up for the flip later? For example, a wall doesn't need to be knocked d...
I am renovating a house in Philadelphia. I have old growth pine tongue and groove 'subfloor' on top of the flooring joists (3/4" thick). I then have a 1/4" thick layer of what appears to be MDF or possible masonite. I...