Accounting Question for you CPAs.So I recently purchased a rental unit and am just starting out.  I have one asset (single family home).  I do not use any accounting software at the moment as it is just one unit.  It ...

I am a buy and hold investor, (typically) with a good understanding of finance, analysis and property management. The rehab piece I am learning. I am trying to put together a list of standard supplies for my propertie...

I have a house under contract and after inspection the house is in great condition and meet the 1% rule. However, I have requested the seller to replace the water heater and the electric panel board. Seller accepted a...

I recently purchased a duplex on a fairly nice street and inherited the tenants from the previous owner. One of those tenants experienced some difficulty from an insurance scam and lost his home of 15 years as a resul...

Hi BP,I'm trying to refine my deal analysis skills, and had a question about capex. What are some of the big ticket capex or deferred maintenance items for a buy and hold SFR that I should build into my analysis? I ca...

As part of its Open Data Portal, the City of Austin has made available a searchable database of building permits in the city. Does anyone know if the "Total Job Valuation" on the permit is an accurate gauge of job cos...

Hey guys,Has anyone, buying older properties, chose to get a home warranty on top of their homeowners insurance for a year or two to cover any large ticket items? Just wanted to see what everyone's thoughts were. Thanks!

I've bought a property and I'm getting it ready to rent. I have not publicized it as available, so I'm not operating under the safe havens.
How are hand tools deducted (if at all)? While I understand major equipment ...

Is a malfunctioning bathtub drain stopper switch normal wear and tear or property damage under broken fixture?It's a shared bath so harder to point fingure at one tenant. It's also an old house I purchased a year ago ...

I have a rental that has a detached garage.  I changed all the locks on the main home which is a duplex and provided keys to my tenants.  I failed to change the locks on the garage, and the tenant stored their stuff i...