I had a tenant move out after 5 years and the carpets are absolutely trashed. They were brand new when they moved in. I know the IRS assumes carpets are only good for 5 years so I am thinking I should not deduct this ...

Hey everyone,I've recently purchased a triplex in a C+ neighborhood where I will be living in one unit and renting out the other two.  The property consists of one two bedroom unit (Upstairs) and two one bedroom units...

I've been doing this since 2010 and have been buying a few props every yr. I'm currently at 7 but I still feel like a beginner. Anyway after seeing how much I paid management company I decided to manage a few myself. ...

Hello All,

I am remodeling my condo in Chicago with the intention of renting it out in a couple of months. It is only 650 sq ft and the kitchen is about 70 sq ft.

My questions is, which size floor tiles should I ...

We have an older home (1944) in the Los Angeles area that’s been updated and is generally in good shape, but the gas heater is as old as the house and of a type that cannot be installed any longer (although there’s no...

Happy New Year everyone –
I made my first deal a few months back, two townhomes in a four-unit complex. One of the units was vacant, the other occupied with a Section 8 tenant.
Last month, the inherited tenant men...

Having a new dog move into one of our units. Was wondering what kind of lease rules you guys add for pets and how much extra for security deposit and monthly rent?

Scenario 1: The wood floors need to be refinished because dog urine has ruined them and the pet deposit doesn't completely cover the damage. Can part of the security deposit be used to cover the rest?

Scenario 2: ...

I’m working on purchasing a duplex which has a 1 bedroom unit that has a noticeable cigarette smoke odor to it. My property manager let me know that in order to convert that to a non-smoking unit I would want to go th...

During our recent wave of turnovers we are seeing that most of tenants have a rather lax view of what 'clean' really is. Our homes are cleaned top to bottom when they are turned over to our tenants but what they leave...