I will soon be an Airbnb host and want to get my accounting right from the start. I am buying a house I will live in myself and rent out the different rooms for more than 14 days each year through Airbnb. I am aware o...

I currently own my and live in a condo which I will rent out on July 1. I will be moving out of state with my family on 15th june. Ideally I would have had my family just fly to the new location on 15th June and I wou...

After 10 years of investing in real estate I just made my first claim. What a pain in the you know what.

Well I have decided my deductibles are to high now. I was using 2% of the property value as my deductible. Now...

Hi Guys,If I buy a deal with seller finance can I deduct the interest payments as I would with a standard mortgage?I know you should not count this phantom income and I will not factor this in to anything. Just wonder...

Hello BP! I heard from someone that as a landlord, I can charge deductible for repairs to my tenant. I know I would have to put this in the lease agreement to begin with. Let's say for an example that I put this ...

Why is tax not included in deductions for NOI?

Hello, happy weekend! I thought it would be better to throw a new post here about the rent deduction question. We had an leaking issue in the last post when the previous tenants stayed for their last two weeks. It was...

Hello,
Does anyone know if you can take a tax deduction for closing costs on the purchase of a rental property?  Specifically the real estate agent fees which are the highest part of the closing costs.

Hey team, tax question: I know, moving forward for 2018, that HELOC interest is tax deductible IF, for example, the funds are used for improvements to a home. Does anyone know how the IRS would know/track that? For ex...

There are several tax deductions that greatly benefit investors. These are depreciation and the mortgage interest deduction. There is now some talk of eliminating the mortgage interest deduction. Probably nothing w...