Jack B.
Do you provide evidence of damages to your tenants?
I've asked this before years ago but can't find the thread. I have date/gps time stamped photos from before move in and after. The damages exceed their deposit, but not by so much it's worth sending them to collection...
Sohail Bas
How are you guys effectively challenging commercial property tax hikes?
Hi all, I was wondering as a commercial property owner how to effectively challenge or reduce property tax hikes?Some of the strategies I've used in the past are:-comparable sales data nearby-take pictures to show dam...
Beverly Gutman
Get a new property manager?
Hi all! I have a 3 family with tenants in place that my property manager (officially) sent 90 day notices to. (Recently purchased, tenants paying far below market and property very in need of repair) Now, more than 30...
Omari Brown
Paying someone for their yard space for Bandit Signs?
With bandit signs being illegal and likely to be taken up in a lot of places, It crossed my mind to just pay someone to allow me to put my "we buy houses" sign in their yard. I would go to one of my target neighborhoo...
Jacob Altmann
Tenants have not paid rent in two months, NY has no evictions
I got started 2 years ago and own two single family rentals now. The renters in the one house have not paid any rent in the last month and a half. The other house has paid a partial rent for September. I am struggling...
Colin Spivey
Buying a car tax deduction
I am planning to get my real estate license this summer. I also will have to purchase a vehicle around the same time. If I waited to purchase a vehicle until after I got my license, could I use it as a deduction by sa...
Joao Paulo Leite
Florida Title Transfer to LLC
Hello All,Recently transferred my Condo title from my name to my LLC(sole owner).This triggered a tax reassessment, which I was not expecting and a loss of homestead exemption, which I was expecting. Is it possible to...
Morgan Biggerstaff
How to proceed when tenants ant to reschedule inspection
Hey everyone. I need advice. I gave my tenants a letter on Thursday (today is Sunday) that there would be a home inspection on Monday. I Asked for acknowledgement of the letter. My husband reached out to them on Satu...
Brian Nel
What due diligence in determining cost basis for depreciation
In reviewing my taxes for the upcoming year, I've been looking more closely at my Schedule E and reading more about depreciation and cost basis. I know that your cost basis needs to be accurate, a number the IRS agree...
Mike C.
New construction loan?
My plan is to build a fourplex(townhomes). I have received quotes for just the shell/frame and a complete move-in ready build. The difference is close to 150k. I am comparing the complete build to the cost of the sh...