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I bought a self storage facility in 2017 as the second leg of a 1031 exchange. It won't have positive rental income for tax purposes for a couple of years (expenses will eat up most of it while we get the occupancy a...
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Hey guys! so I was supposed to have my closing this Friday on a HUD home but my agent told me today that because of this government shut down we can’t proceed with the closing yet. im not a big politics guy so I wasn’...
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Hi, I have a 4 plex under contract and all was well until Insp identified septic tank leak. They have a concrete tank. Bids to replace are between 18-25K. In their amendment to the sale agreement, they stated they ...
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So the sewer bill came in. The city says that they only send out one bill and it is to be billed to the owner.... how do I go about charging the tenant for it? It's $138. So that's like $69 a side. Do I just hit her a...
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My tenant decided to stay and sign another years lease. We (landlord) started getting a monthly bill in the middle of last year for this service. It is $4.70/month. We have paid for it up until the new lease starts. ...
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Hello Experts, need advice on how to deal with this situation - a couple co-signed the lease, now the husband ended-up in jail for beating the wife, now wife has a restraining order on the husband but asking me to ame...
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I'm using a title company to purchase my grandmothers home as a private sale and long term investment. We want to keep the current tenants there as they are reliable and have been there for 6+yrs. What is the best way...
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I have some long-term tenants who are month-to-month, and I've never raised their rent. I need to raise it now, since it's significantly below market. Two questions about this:* Does raising rent require signing a new...
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Does anyone know if there are certain rules for a rent increase mid-lease or restructuring of covered/non covered expenses and offering an updated lease with the tenant in New Jersey?Lease does not renew until 2/2019,...
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If a Cost Segregation Study had not been performed on this $4.4M car wash facility located in Marble Falls, Texas, it would have had first year depreciation of approximately $293,200. Thanks to the Cost Segregatio...