Joe C.
House trashed so I did some work
Hello, My tenant trashed my rental. I took pictures. Finding help was a challenge so my BF and I did most of the work (ex, patching walls, painting the downstairs, cleaning and hauling away garbage). Can I charge him ...
Scott Polisar
Opinion re pricing a house that has been demoed to the studs vs pre-demoed
I have a house in Brooklyn NY that had flood damage. After a week of demo, the interior was taken down to the studs. Before demo, I had (still have) two direct buyers (not investors) who had agreed to my price as lon...
James Palassis
Tax Strategist Questions
Hello all - I am in the process of building my "team" to hit the ground running in my investing career. Along those lines, I am meeting with a potential tax strategist on Friday. Right now I don't know what I don't k...
Neil Hunter
Advice on how to handle house cleaning after tenant turnover
My current tenant is about to move out, and I'm not sure how to go about the move out process. The tenant before him broke his lease early so I just kept his security deposit, and had someone professionally clean the ...
Dawn Anastasi
Late fees
I was listening to WPR (Wisconsin Public Radio) today and they had on a guest who was answering questions and one landlord called in and said that his tenant hadn't paid late fees and can he deduct them from the secur...
Shelby McKean
Starting out with 2 primary residences
My husband and I live in two different cities with 2 houses. One has a low interest rate loan and the other does not. If I am starting out as a real estate investor interested in being a rental landlord (still worki...
Buddy Holmes
IRS Deduction for Real Estate Investing Expenses
What are the IRS rules on deducting expenses for Real Estate investing efforts?I have several current rentals which are reported on Schedule E.However for "Driving for dollar" expenses, trips to check out DST investme...
Kris A.
Rental home broken into: Steps to take
Hi there! I'm a new BP user and just had my first property damage. Someone broke into my rental property in Phila, broke a window and damaged the front door. Nothing stolen as far as I can see. My Home insurance deduc...
Steven Choi
Taxable Income VS Cash flow
Hey everyone, New to investing in real estate. Been listening to and watching a lot on real estate investing but a lot of the content is US specific and I'm trying to verify this with seasoned investors for Canada. I ...
Account Closed
Do I need a CPA?
Hi Everyone,I bought my personal residence this year, rented my property on airbnb and finished a flip as well. The flip just hit the market recently but it's not sold yet. I spent about 60,000 on the rehab. Should I ...