Olivia Piper
Tax implications of roof replacement due to hail damage
I'm trying to figure out how I should report the roof replacement in one of my rental homes due to hail damage on Schedule E. The rental home was purchased in May 2017 and the previous roof had half of its usage life ...
David Johnson
Removal of Invalid Lien against Porperty (Broward County FL)
Hi All, Turning to the community here for some assistance again. I was recently notified during the process of applying for a HELOC that there are two unsettled hospital liens against me. I spoke to the county clerk a...
Kirk Calhoon
Rentalutions Feedback Please!
I was hoping I could get some feedback on users of Rentalutions. Looking into the service for my triplex and it seems like an all encompassing one stop shop. Curious about the online lease, rent collection etc. is the...
Rudy Hernandez
How to property do an expense sheet Real Life Example
Hi BP members,Hope all is well.I have been managing my own expense report and am stuck on what I feel like is either obvious or I am just oblivious to it. In my expense report, I include 5% maintenance fee for any fu...
Levi Koskan
ATX - PGA-tour level golf project | Anyone know about this?
A bit of a random question. I found a report that the city of Austin Commissioned in 2019 diving into the management and business viability of the muni golf courses. As some of us might know, damn hard to get a decent...
Myles Wisdom
Property Management for Few Rentals
I'm just looking to find out from you all what you consider to be acceptable reporting from a property manager if you are an owner of only a few rental properties. I can understand that it wouldn't be as in depth as f...
Chad Coleman
How to file Sigle member LLC taxes with house sold in 2022
Hello All: Any help will really be appreciated.I have a regular full time job with W2, married, started a single owner LLC in 2021 and purchased a property under the LLC in Dec 2021 with the intention to rent it. Then...
Kyle Cuppy
About to go Inspect a property
I am about to go take a look at a house that I have been pursuing for 10 months. I am bringing an inspector and 4 other people which will help me review the property, make auto-cad drawings and extra sets of eyes on p...
Jonathan Jewell
Commercial Cash business mortgage note clauses? or suggestions
Hello all.I have a question when it comes to buying a commercial property also included is the selling of a cash business and the seller has not kept the best records, and a good portion of the income was left off the...
Maryann Goyn
tax filing on a failed 1031 crossing tax years
We sold a property july 13 and funds went to a QI as we hoped to do an like kind exchange. We Identified a replacement property August 27 which was day 45. The deal fell through abotu a week later after we had the in...