Dominick Petrellese
Outrageous Winter quarterly Water Bill
Thank you for adding me to your group!
We are a retired couple, empty nesters, living in New Jersey. In February 2023 we received an outrageously large quarterly water and sewer bill from our municipal water utilit...
Dan Liptak
Rental Property Recovered but Trashed
Lets start this with saying I had a nightmare tenant Constantly late and finally in January 2020 she was was an entire month behind. Lost job... etc. I served noticed to get the ball rolling but was willing to work...
Mike Reynolds
Insurance for Mobil Home Park
Is there a specific type of insurance that may be better for a MHP that is tenant owned as opposed to park owned? Just wanting to make sure I am covering all my bases.
Carl Johnson
Tenant Injury On Rental Property
Hello,In a house I rent out, the tenant fell and broke their arm on a staircase a year ago. I reported the injury to my insurance. The tenant has yet to give any information to my insurance rep. The steps were in dis...
Omari Brown
Paying someone for their yard space for Bandit Signs?
With bandit signs being illegal and likely to be taken up in a lot of places, It crossed my mind to just pay someone to allow me to put my "we buy houses" sign in their yard. I would go to one of my target neighborhoo...
Amit M.
Higher return DST offerings
I recently received a mailer from Kay properties of 2 DST offerings: an 8% and 10% preferred return (net lease income fund 28, LLC and opportunistic income fund 75, LLC). I was surprised as most DSTs I’ve seen are in ...
Dan Falla
Difference between Lease Option and Rent To Own??
I am confused. I have heard Lease Option, Lease Purchase and Rent To Own. I am not sure I am speaking the same language when I refer to Rent To Own versues lease option.Can someone explain the difference to me? Her...
Account Closed
Switch home to LLC with loan
I have a rental that I purchased in 2007 and it is still at the bottom of the Marianas Trench. I see fish when looking out of the windows. The property is in my name, and I need to move it to an LLC for liability. I w...
Dj J.
Looking for real estate attorney advice or CPA advice
I list both CPA or Attorney because I am not sure which would be a better for this subject. Frankly talking to both is probably my best option.Asking for a friend*Say someone is about to close on their first investmen...
Uwe K.
Home office and mileage deduction/transportation expeses
I was reading about and researching this over and over again, books, IRS pubs, here, elsewhere. I cannot get a conclusive answer even in forums with seasoned CPAs debating this topic.
That much is clear:
- If you hav...