Good morning BP Fam,
My one-year tenants moved out and caused way too much damage to the walls of the house that I had to repaint the entire house in order to get it back to a renting shape. In accordance with MD Te...
Hello BP!We bought an 8-unit property in 2018 and am working on the taxes for this property. As we've had turn over for each unit we've been painting, making repairs to things like cabinets and closets and also updati...
Let's assume you are paying 1k a month to rent an apartment. You then rent out that apartment and make 1.5k a month in revenue. Assume you have no other expenses. Now, let's also say you have other rental properties a...
Hello BP!I am 3 months into my first SFH house hack (Going Great!) but am now trying to educate myself on further ways to be tax efficient.I understand how to calculate depreciation allowance on a house hack but was w...
Rental is located in Albuquerque New Mexico
So my tenant was not home and her dog broke out of the kennel and dragged things all over the house including a couch cushion over the gas floor furnace. Neighbor heard th...
I recently decided to replace many of my windows in one of my multi-unit properties and I went with the contractor's loan company (AquaFinance) to pay for the windows. All in all, I spent 12k on the windows with a 9% ...
Being 1099 it can be difficult to find the right coverage. Why pay high premiums with high deductibles if there’s plans that reward you with full coverage of your healthy with ZERO deductible and low premium.
I have a tenant whom deducted some money from this months rent for the purchase of salt and sand. She included the receipt of a local store but sent me NO previous notification. The law here for this type of stuff g...
My business partner and I recently flipped our first house together. I had previously built my own home, and had alot of leftover supplies. I estimate that i contributed $1,500 in materials (tile, paint, electrical wi...
I'm about to have my first turnover. I realize it's a per case basis, but how often do you guys have to re-paint the interior of your property? My tenants are in a B neighborhood and they take good care of the place...