okay i have property that inherited that is currently in pre foreclosure.i'm not planning on going through probate or anything like that (i dont qualify for a mortgage).so i was thinking is it possible to buy flip and...

Hi, Just wondering, in case there is no active lease, like lease expired couple of years back.So, right now we don't have any signed lease for active current period of time.What that mean, Tenant can leave any time or...

Just getting started. I have an offer in on my 1st investment property, a short sale condo. Glad to be a part of this community. 

Hi All - I recently bought 2 investment properties in Long Island and wanted to know when I needed to report them on my tax return? I am unsure if the props would be rentals or flips, as of now I am feeling out the ma...

What are others doing about late fees for tenants during Covid? Are people waiving them? Based on background with tenant what should I do. I don’t know if the payments are late because it’s affected by covid or not bu...

Hi, I have an argment with an investor friend and need some clarity also to be a just landlord. So, when I started I copied the template of a lease from a property manager. It stated $50 charged if rent received on th...

When accounting for the disposal of an asset, I'm not sure what to do with the accumulated depreciation and book value of the asset. For example, I replaced the carpet in one of my apartment units. The asset was on th...

Hi all,Browsed several posts in this section, but didn't quite get my query answered and would like up-to-date responses.  If I missed a current post, please feel free to link it to me.Anyway, I'm currently evaluating...

I have a tenant that is a habitual non-payer/late payer who has had numerous issues with their roommates (their lease is for a room within a townhome). Their lease is finally up in August of this year. Rather than go ...