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Results (10000)
Mehran K. Tax Handling of Property Management Reserve Account?
24 June 2013 | 4 replies

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 ...

Rebecca K. Memphis Rentals: Eviction and now Bankruptcy
24 March 2018 | 14 replies

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...

Noureen A S. Need recommendation for attorney to file summary ejectment.
20 October 2019 | 5 replies

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 ...

Arthur Schwartz Is the cost of mortgage reinstatement tax deductible?
13 July 2019 | 4 replies

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...

Joel Halvorson Screening Criteria and Retirees
3 December 2024 | 1 reply

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 ...

Otis Vernor Continue with cash purchase (invest prop) due to coronavirus?
17 March 2020 | 2 replies

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...

Chris M. Reinvesting LLC Profits Before Year End ...
27 July 2020 | 2 replies

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...

Account Closed Tenant received DCA payment after arrears agreement
6 June 2024 | 0 replies

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 ...

Jose Jimenez House Hacking with VA Loan
21 October 2020 | 9 replies

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 ...

Scott Mcquilkin Non-paying tenants - college students
21 August 2017 | 5 replies

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...