Quick question for the tax professionals :)
From the collected rent on my duplex (June), I've allowed the property manager to hold $500 as reserves for future expenses/improvements etc.
Hypothetically (because I'm ...
A tenant is almost $4,000 late with rent.Through my property manager, we were awarded judgement and possession after an eviction proceeding. Since then, the tenant has filed for bankruptcy, which has ceased all action...
I need a recommendation for an attorney to start summary ejectment on my behalf in NC (I recently moved 2 states away).I would drive back and file myself (drive is only 6.5 hrs) but I don't know how soon I would need ...
I may be reinstating a mortgage which fell into foreclosure, and using the property as rental real estate. Is the cost of reinstatement, tax deductible, on the basis that it is the cost of acquiring the investment pr...
Hi,
I have a new property coming available, and a neighbor's retired parents are looking to move closer into the same neighborhood where my property is located. They filled out the application through apartments.com ...
I'm a few weeks out from closing on an investment property. It's an all cash deal and I'm looking at likely having to spend $40-50K on top of purchase price to fix it up before being able to rent it out within 4 month...
I am curious to hear how others reinvest (mid-year) LLC profits.
I just filed my taxes and now I am looking ahead to end of the fiscal/calendar year ... please chime in with any best practices.2020 feels like its f...
Wondering if anyone has faced this issue and can advise.
Recap:
Tenant didn't pay rent for a few months, and we ended up in court, agreeing to a 12 month arrears payment (per courts).
Today tenant received a DCA ...
Good day everyone! I am currently planning on buying a second primarily house using a VA Loan this time. I want to buy a house that's bigger than what I need to rent out the extra rooms. Can you please share pros and ...
Clearly I have a lot to learn after this experience...Need your advice for the immediate.4 college kids, lease started June 1st. Received one month security, the rest is 'coming when student loans are processed' ~Se...