Jonathan Small
DIY or hire help for taxes?
I have 2 people that I sometimes partner with on real estate deals.I use a CPA because I have a number of rentals and a few LLCs. I understand the value my CPA provides for me in my situation.However, when should my o...
Brian Dvorak
How to Get Tenant to move out or pay higher rent
Here is the situation - I purchased a home in Indianapolis and the seller claimed the rent was $650. The tenant claims she has been paying $480. When I asked her to provide a copy of the lease, she sent one that expir...
Jimmy S.
Did my accountant screw up?
Long story short............. under my schedule e he put 365 days fair rental days when I purchased the property 8/20/14 and was really only like 120ish fair rental days. Now I cant use any of that income under Fannie...
Tim Greenfield
Cleveland Basement leakage_membrane or outdoor seal
I have a 1930 3/1 in Cleveland which has a basement with water issues which has been my nemesis for the past 2 years. Last year had to dig up the sewer line in basement as there was a cracked line. Made the repair and...
Kimberly Kesterke
Finding off-market properties: Part 3- Wholesalers
Wholesalers
Wholesalers are excellent resources. They are business owners whose sole purpose is to find and sell investment properties. They can dig up incredible deals that are then passed on to you. The way they ma...
Todd Mason
Buying with cash. Do you still expense vacancy?
Looking to purchase a long distance rental in a lower market and I will be looking to pay cash for the unit. One question when running the numbers is should I expense a vacancy percentage? Taxes and insurance will a...
John Maynard
Commercial Property Valuation/Rehab for Personal Use
I saw a commercial property location with a distressed building on it, that I believe is in a great location for a retail location. My wife (pastry chef) and I are thinking of opening a bakery and I thought this locat...
Paul Muwonge
Fines from the City for recycling and garbage for tenants.
Hi All,I have an issue I want to seek your advice on regarding the fines that are levied on landlords due to negligent tenants not following the city rules on recycling and garbage. Has anyone received fines from the ...
Michael G.
Should we sign a "Master" Tenant? as Residential or Commercial?
I have a 3 bedroom unit in small residential-multifamily that is for rent, and I've been approached by an "entrepreneur" who is willing to sign a long-term, 3 - 5 year MASTER LEASE, at a slightly reduced rate, if I a...
Gary Dezoysa
How involved are PMs with major repairs?
A moderate or major issue passed by a home inspector but the first tenant notices it. Or a roof goes bad according to expectation. Or a tenant trashes a place. In these scenarios is a property manager comfortable to ...