Randal Shaffer
Renter's vs. Rental Property Insurance
Hey guys,Newbie Rental investor here. I am prepping my first property for rent and I have a couple of questions that I'd like some opinions on.1) I set up rental property insurance, but I disagree with the amount the ...
Jim Piety
Vinyl Floor & Installer Recommendations?
Hey y'all,
I'm looking to replace the old carpet in my 3 bedroom rental with luxury vinyl plank (LVT) but am struggling to figure out which brands and installers I can trust. It seems that so many brands have high ra...
John Allen
question for a seller- finance property from a relative
I am purchasing a property from my father-in-law. He is over 80 and can no longer take care of it. It needs a roof and presently does not have any liability or insurance of any kind. I have multiple questions. I would...
Darren Horrocks
Life Insurance - Increasing benefit to cover new property?
Hey!Just curious what peoples thoughts are on increasing your life insurance policy payout to keep covering the cost of newly acquired assets? Or does this seem redundant given the sale of those properties should cove...
Joseph Watson
First rental buy! Most important keys to look for after ROI?
Good morning my most excellent BP members. I found a nice little 2 bed 1.5 bath house renting for $615 asking is $31k looking to make an offer of around $25k. My question is after looking at the roi the property looks...
Sylwester Olszewski
Security Deposit and Unit Damage Question
My tenant is moving out at the end of this month. I went and did an inspection of the unit and found some problems.1) Handle to the refrigerator is ripped off. 2) They used large nails to hang paintings so now I have ...
Dave Limbocker
1031- Defining proceeds from relinquished property
Two rules as I understand it are in order to defer all taxes in a 1031, newly purchased property must be equal or greater in value of the net sales price of relinquished property and carry the same leverage (loan) of ...
Moncy Samuel
Fire damage in the duplex rental
Got a call today from my tenant about a fire incident in her unit in the duplex home which happened a week ago. Per the photos that she send, it appears like the something on the stove got on fire and caused the cabin...
Jace Thornton
How do you depreciate carpet
I have a rental and I am also a tenant in privatized base housing. The base does not depreciate the carpet one cent until it is 3 years old. After that it goes down 15% up to 4 years, 30% from year 4 to 5, 45% from ye...
Roselyn Williams
Fixing a kitchen
What is the most cost effective way to replace kitchen cabinets.