All my houses are owned as a sole proprietorship.  What do I do with non specific expenses like education, seminars, membership to my real estate group, etc? 

Experienced landlords:Generally speaking, when you are turning a property between long term tenants, do consider re-painting as a “standard” part of the process? Or, do you consider that as “extra” wear and tear and d...

Like the title says I'm looking for an advisor with experience maximizing tax advantages specifically related to STRs. 

Greetings!  I'm sure this has been covered, but I've had no luck finding specifics.  My tax professional mentioned the new tax code includes a $10k cap on mortgage interest deductions for investment properties.  This ...

I bought several properties at tax sale in 2022 and I'm doing my taxes now. The properties are unlivable and have not been rented and are not offered for rent. They are just sitting.  I do have costs incurred maintain...

Hey everyone. I am currently turning a unit and doing some minor repairs to my first unit to get it rent ready for my next tenant. Its only going to cost about 3k to get everything done. I have a contractor, who is am...

I am buying a new set of apartments, I trued to look up if I could deduct the cost of escrow. The answer was you have to add it to your cost biases. Not sure what that means. Does it mean you have to add it all up a...

Hello,
I've been reviewing my business expenses recently and have been exploring different ways to control my monthly expenditures. One area that caught my attention is insurance, specifically the trade-off between d...

Could someone please explain the mortgage interest limitations in the case of a NYC Co-Op owner?
For example:
Co-op has 100 units and an outstanding underlying mortgage of $20,000,000 ($200,000 per unit allocated). ...

Hey! I used a HELOC for property expenses. Is the interest on that HELOC a deductible expense against that property's income?