Megan Silver
How to Show the Property and Seal the Deal
One of the most frustrating parts of landlording for me is showing each property 20+ times before I get a lease signed. Even when I price a unit well, I find that the people who come see it seem genuinely interested a...
Curt Smith
How to file taxes on a sandwich lease option
Hi Guys, I searched BP for tax prep help, didn't find any tax prep helps for a sandwitch lease option.Bought on a lease and option. Zero option fee, lease is the sellers mortgage payment: $798/mo. I pay for fix ups...
Chris F.
Do all expenses need to be capiltaized before "placed in service"
I have a rental I purchased in September 2017. It needed substantial rehab and it will be ready for rent later this month. My understanding is that all expenses and improvements must be added to the basis. I under...
David de Luna
How Do You Manage a Rehab Project?
I used a few different companies to do rehab work. I have used them in the past, know their work. One is also a GC, the other not. Both do great work and are reliable. A Realtor told me I should use an independent GC ...
Alex Kolt
Unable to make repairs in the property
Have a tenant in my property that is a nurse, who is working every day. Every time there's an issue that requires repairs to be done in the property she wants me to find someone who can come in early before 8am or aft...
HJ Wang
Rent distribution to partner. What expense is it
Hello, i own a rental with another person. I collect the rent and send half to her. I sent her a 1099 for all the amount I send to her. But Im not sure where to enter this expense in my tax return. I only see specific...
Lee L.
Tenant asking landlord for W9
One of my tenants is asking me for a W9. Ever since they've moved in, they've been paying their rent in 3 checks: a personal check, a check from their first business, and a check from their second business. This has n...
Daniel Kramer
Estimating Project Timeline
I am a beginner and attempting to set up some cost models for fix & flip properties. I am aware of the many costs, including holding costs. However, my roadblock is in determining the timeline. I am wondering if a...
Jason Kisling
Closing flips on time
Anyone have any tips for closing on flips as scheduled so that you can get contractors lined up and scheduled to start the day after close and not have to reschedule all the time?Seems I constantly have my closings pu...
Joswaldys Morales
First time Depreciation
Hi people . This is my first year with my rental i want to do taxes i want to know if is t he schedule E form or schedule c. Also want to ask . I removed the kitchen also the roof I paint the whole house i did the j...