Klavish Faraj
Are there companies that'll reimburse for lending license?
I haven't found any companies that reimburse/pay for courses and license. But have heard from lenders that they are "out there". Anyone here know of any companies willing to pay for training, courses, and license? I a...
Arthur Nogueira
Setting up & getting reimbursed for Tourist Taxes
I'm starting my 1st STR soon. What is your preference in frequency to pay for your tourist tax? Monthly, quarterly or seasonal? and is there a reason behind your choice? Also, does AirBNB keep track of the income? and...
David Cook
Reimbursing Tenants for 5 days of Gas Outage
Had a gas leak in my 3 unit building starting this past Labor Day am. Nat Grid shut it down. Plumber fixed it and Nat Grid (because of constant pushing from me and my tenants) came out and turned the gas on 5 days l...
Mike H.
Florida residential rental - AC issue and Hotel reimbursement
I have received an reimbursement request from tenant regards her hotel bill due to AC outage. The AC request was received and AC tech was sent the next day. I assume on the day of AC outage, she decided to stay in h...
David Jiang
How should vacancy affect owner expenses in a DCF analysis?
Hey Everyone,I'm trying to put together a Discounted Cash Flow (DCF) analysis of a potential 5 unit commercial property that I'm looking to purchase. I'm new to running this type of analysis so bear with me.In calcula...
Kerns Churchill
Travel Expenses and Tax Deductions
Hi Everyone,New investor here. Just bought a SFR rental in Mesa, AZ and I am already doing some tax planning. I live in California, so I plan to drive to my rental property and I had a question regarding travel expens...
Lisa Marie
Home office reimbursement for LLC members (taxed as partnership)
Hi, my husband and I are the only two members of an LLC (partnership status for tax purpose). The LLC owns a property outside the state where we live. We have a dedicated office in our primary home that we use exclu...
Richard Huizar
Mixed Use rehab deal Closed!!! Cleveland OH
Investment Info:
Other private money loan investment.
Purchase price: $130,000
Cash invested: $215,000
Sale price: $420,000
Borrower needed funds to finish rehab for a refi. Owner/contractor wi...
David Sisson
How to deal with expenses paid out of pocket?
Hi, I'm a new owner of a distressed commercial property. The property is owned by a LLC. I own the LLC outright. I've set up a separate bank account for the LLC, and am tracking all expenses through quickbooks.I've be...
Navid A.
Mileage deductions in a multi-member LLC
Hey BP,
How do mileage deductions work in a partnership structured as a multi-member LLC? Are the miles I drive only deductible to my share of the rental income or is it deducted from the total income of the LLC fir...