Jeffery Cooper
Decreasing tenants rent because of needed repairs
I have a leak in my house and need to repair my kitchen. Do you guys think it’s a good idea too decrease the rent for tenant by about 200-300$ for the inconvenience of not getting what they signed a lease for ?
Derek Daun
Comp tenant for washer dryer outage?
Is it a good idea to comp a tenant a small rental discount for minor inconveniences, or does it set a bad precedence?I rent out a garden apartment in my house that shares the laundry room with us. We upgraded our wash...
Ross Bernard
Inherited tenant violating pet policy
I purchased a house with an existing 3 yr tenant. The lease states no pets allowed but it sounds like the owner allowed her two pit bulls. My insurance policy won't cover vicious breeds. The tenant keeps up the place ...
Zachary McHugh
Airbnb Arbitrage in New England
Hey BP Community, I'm currently looking into the world of Airbnb Arbitrage in New England and have a few questions. If anyone has experience or insights, I'd greatly appreciate your input!Airbnb Arbitrage in New Engla...
Damon Wong
Foreign Entity LLC "Transacting Business" State-by-State
Does anyone have a list (published or just via experience) of States that DO NOT recognize ownership of rental property as "Transacting Business" in their state? Most states have vague definitions of "transacting bus...
Reuben Dacher-Shapiro
Closing a House with Tenants in place New York
BP community, What steps do you take to verify tenants are current on rent? In light of COVID and the extension of the NY moratorium on rent I am concerned with closing on a property with tenants in place. And as a g...
Evguenia W.
How to write off Net Operating Loss on taxes?
I have a Net Operating Loss on my LLC of $43,320 in 2018. Question 1) How much of it can I deduct each year for my personal taxes and for how many years?Question 2) Can this NOL also be used to deduct future business ...
Rob Bianco
Does a Series LLC protect your assets?
I went ahead and created multiple LLC's for a couple properties I'm buying. My Lawyer said it was wise to have each property in separate LLC's in case of lawsuit or something. My Accountant recommended I look into a S...
Chris T.
Question for experienced landlords - dilemma
My basement had water a few days ago, and I immediately contacted my contractor and his crew to come in to remediate the issue. The tenant had a few items damaged, and I had warned him before that it may flood. In fac...
Khloe Renee Williams
Tax Sale Property...Do I really need to hire an Attorney?
I purchased my first tax sale certificate and would like to know if it’s 100% necessary to use an attorney to foreclose on the property? I’ve done my research and honestly feel I can handle the process on my own. What...