Hi I am looking to purchase a 4 unit property in Philadelphia. Currently it is a (3) 1 bedroom and (1) studio mix. It is zoned residential RSA5 but it is zoned as a 3 unit. Can anyone share some insight on the risks o...

Dear all!,Does electric fireplace replacement count for repair or improvement?The real question is can I deduct the expense at once or must I depreciate it from tax perspective?Thank you-Alik

I can't get a straight answer from my tax advisors-At what amount,  $ wise, do you have to amortize vrs expense it out as a same year deduction?I have been using a $600 limit for expensing, anything over that gets lon...

I have 2 rental properties from 2 different states and i am from a different state. I want to know how to protect them? Do I need to open any company/LLC, what are the possible options?

Hello! I am creating a new rental application for two properties undergoing renovation in NC.Does anyone have a sample rental application that they can share?Here is what I have so far:- ID- Landlord reference (curren...

What websites/company does anyone recommend to screen tenants? Something that would check credit and background? Thanks

I ran an application and found an eviction report on someone with the same name in my area. Does anyone know, if I call the courthouse, can I give them the DOB or last 4 of social to get them to confirm if it's the s...

Building wealth and becoming rich is almost everyone's dream. There are many avenues to building wealth and growing a portfolio of assets. One of the avenues to amassing wealth is owning rental properties. Rental p...

Hey all, We just purchased our first rental (woohoo!).  It's a small SFH with practically nothing to do to make it ready for rent.  We're in the process of tenant screening right now (we've had like 40 bites!)My quest...

I have a property that I'm taking applications for.  It's a nice brick home in a B area with great schools.  Rent is 1325 per month.I have a tenant who applied who is being transferred back to our area after several y...