Gil Happy
How To Handle Rent Deposit Cleaning Fee From Relocating Tenant?
Hello,
I need some guidance on how to handle first month rent, security deposit, and cleaning fee.
To explain, I am currently living in my condo with all of my furniture and I have it up for rent and I have someone ...
Wayne LeClair
Best Rental business accounting software?
For those of us who are new to rental ownership ( 3 units) what is best and easiest to use software for accounting that may allow managing another different business at same time?
Harrison Biddulph
Reporting rental property income (tax questions)
Hello Everyone,
My sister and I recently inherited a paid off rental property that nets around 20k a year. This house is held within a living trust that my parents set up. All assets within the trust are supposed to...
Lulu Heather
Does Tenant Sign Rental Agreement The Same Day They Give Deposit?
Hello, I'm a new landlord and I'm wondering whether other landlords will make the tenant (who passed background, credit check) sign a rental agreement and all paperwork on the day they give you the security deposit? I...
Matt W.
Best legal structure with high-earner spouse?
Hi BP, First a little background on my situation: I am married with two young boys, ages 2 and 4. My wife is an MD and earns $200k+/year. When we had kids, I was working as a traveling nuclear reactor technician and ...
Patricia Vildozo
Moratorium extension in Wa and tenant says has no money or plan
Hello community,A while ago I decided to rent my primary home located in Wa, and rent another house in a better school district. I divided that house into two units; the main house ( unit 1) and a separate entry bedro...
Nancy Bender
A Doctor wants my help financing a deal, I have questions
A realtor I've used frequently asked if I'd be interested in helping a doctor client of his finance a condo, (it will be his primary home) He can't get financing because of a messy divorce and the closing is next week...
Chris Wunder
Starting a New LLC and Tax Implications
I currently own a rental property in the Kansas City metro area and am in the process of transferring the deed to an LLC I have created. I am not sure how this will directly impact my personal taxes but would love to ...
Brian Mackey
What Are Good Seller Financing Terms
Hello,I have an off market deal on a duplex right across the street from me. The seller and I have agreed on a purchase price of 288k. The top unit is good to go, the bottom unit needs work, and there is actually a ...
Mitchel Schwindt
TurnKey Wisdom - how to evaluate?
Our small city is crushed with influx due to Covid. $333+/sqft on avg. Looking for out of state TurnKey opportunity but unsure how to vet or evaluate companies/opportunities. Any good/bad experiences with specific ...