Joel Owens
Current tax reform status 12-2-2017 / Senate Passes Resolution
Dear ICSC Member,In the wee hours of this morning the U.S. Senate passed its version of a tax reform bill by a 51-49 margin along party lines. Senator Bob Corker (R-TN) was the only Republican to vote against it due t...
Tess Vismale
SHORT SALE TAX IMPLICATIONS
I have just enlisted The Short Sale Service, to assist me in a short sale for my rental. The tenant's boyfriend wants to purchase the property. The plan is to simultaneously do the short sale and sell the property to ...
Fareed R.
Slowing room rental, anyone else?
I’m in la and renting rooms out, has anyone else noticed slow down in new applications? I’ve seen it slow down considerably.Any advice to attract people?
Kamran Rahman
Tenant asking for rent reduction (unrelated to COVID).
Hi allI’ll jump right into things. Context:I have a 3 bedroom condo 2 rooms are rented out. Tenant A is an A+ tenant Tenant B is a C+ tenant. I used to occupy the third room as a house hacker, and am planning to re...
Imran Raz
Analyzing First deal in Miami
Hello,I am a new investor and would love to get feedback from this forum regarding this deal I came across. Below are the details.According to the spreadsheet I am using this seems like a good deal. My taxes estimates...
Pramod Mahadevan
What does it take to convert a condo association to a townhouse association
We are evaluating conversion of our Condo Association in NV to an Townhouse Association. the condo buildings share roofs and vertical walls i.e. they are attached side by side. We are evaluating this to reduce our HOA...
Chase Gochnauer
Considering NREIG for insurance, thoughts?
Hey all, I am seeing mixed reviews on NREIG. Any feedback you all can provide? Their quote is quite competitive, particularly since I can set my coverage amount. My properties are valued a bit less than replacement ...
Steve Walker
Taxes
I’d appreciate some feedback on taxes.
My mom owns two houses outright. She resides in one of the houses, and I rent the other which had belonged to my late grandmother. These houses are in Colorado....
Frank S.
Spreadsheets: Should depreciation and taxable income be included?
Like many of us, I have created my own spreadsheet calculator to analyze multi-unit properties. I am struggling to understand how depreciation and taxable rental income should be calculated in the spreadsheet.As I cur...
Sabrina Baldwin
How to Reduce High Water Bill at Apartment Complex
I have an 8 unit apartment building and currently the water, sewer and trash is included in residents' rent. Each unit is a 2 bdrm and the rents range from $540-$575. The water is billed based upon usage and it contin...