I recently bought my first home and it came with tenants already. I let them stay but they have been late with rent since I bought the property, and recently the tenant had an altercation with someone he knows and tha...
Hello all, I have a few rentals and i been trying to train the tenants upon move in/out so that the process is as smooth as possible specially on move out. This merely because as i am sure most of you have experiec...
Just got a property management company to get me renters and collect my rents. But she sent me a 1099 for the amount she paid me.The property management company kept the tenants security deposit and 1/2 the first mont...
I need to issue a 1099 for property management; puzzled on how to file it. On the 1099 misc box 1, do we put the net rent paid or gross rent collected? Thank you
Hello All, I have a 6 unit apartment that is worth between $150-170k. The replacement cost was calculated at $600,000. Should I insure at replacement cost or around actual value? Do I hedge by using depreciable ...
I recently purchased new appliances for one of my rental units. Can I include the purchase in my operating expenses all in one year, or do I have to expense them over 5 or 7 years? Thanks!
I have both Condo's and SFH's as investments. I tend to like condo's better because they require less maintenance. The HOA fees can reduce cash flow but SFH's require a lot more maintenance such as lawn care, paintin...
So I know this is a horrible idea, but I went through the motions anyway. Equity line of credit on my house runs at 6%, and my online stock broker's margin rate is 3.1%. If I pull 100K from my house and then leverage...
Do I want ACV or Replacement for my fourplex?
Hi there. Closing on a SFH in Detroit and looking for some recommendations for insurance broker(s) to handle my landlord insurance and/or my umbrella liability insurance. (I have a stop-gap policy through my property ...