Samuel Huang
Advice on next steps
Hi All!
I'm looking for advice on how to proceed next.
I'm trying to find an out of state investment property for about under 300k (lower the better of course).
The markets I've narrowed down is Fayetteville NC, La...
David White
Tenant maintenance accountability?
Good evening everyone. My question revolves around ongoing maintenance on a property throughout a tenant’s stay. As a landlord/property manager, we all know that a security deposit is taken in the beginning of a tenan...
Michael Clemson
Emergency Room trip tax deductible?
I hit my head at my own rental this weekend, lacerating my head and taking a trip to the Emergency Room. I'm the proud owner of a few staples now! (No Urgency Care in the area on weekends.) I'll at least have a co-pay...
Jay Chekansky
Seller Finance Buyer Fails to Maintain Insurance - Proper Way to Bill Back for FPI?
Hey All,
I am seeking advice on the proper way to charge back my borrower on a seller finance deal in which the borrower has allowed the insurance to lapse. I have a force placed insurance policy now in place to cov...
Cody J Leivas
Pricing for Management Fees
I work on a team of about five, managing about 90 industrial buildings in the Midwest for our investors. We have been having trouble determining what pricing structure we should have for the following:Property Managem...
Patrick M.
App fees limited to $25 in WI??
I have my Wisconsin rental listed through cozy.co as well as Zillow. Cozy.co allows to tenants to submit a background check and credit check for $39.99. If I'm understanding Wisconsin state law correctly I would hav...
Joshua Locke
Interesting Tax problem (anybody know the answer?)
I am not an accountant but I about ready to hire one as I now own my 3rd SFH. Last tax year I only had 1 SFH and I learned a lot about what's taxable and what's not. The basics of deducting my itemized expenses and ...
Michael Herr
Removing utilities from my name
I have gotten myself into a bad situation: utilities are still in my name months after tenants moved in.
I do understand the error and how to avoid it in the future: please don't tell me what i should have do...
Gary Mariencheck
Earnest money on contract.. Need correct info
I'm getting conflicting information on earnest money down for getting a property under contract. I'm told that 10% EM is the standard in TN and that you have to prove funding before you lock a house under contract. Is...
Kim Forgione
basic BRRRR Refi question
I have a very basic question. Sorry if it's obvious but I want to make sure I'm getting this. Say using the 70% rule, you buy a property for 60,000 and spend 10,000 for repairs. And the ARV is 100,000. Assume you put ...