Rental Property Owners

#1 Don't sell. Keep the property "very long term". If you want money out of the property, borrow against the property's equity whenever the property appreciates.  Income from a loan is not taxable. Let the rent pay the loan payments. The...

Do you use a clothes washing machine in your house? If yes, you need to replace the hoses periodically. Replace both the hot water side & the cold water side at least every FIVE YEARS. These are very easy to overlook, but...

Every house has 24 inch flexible screw-on water lines going from the permanent plumbing lines in the walls to the toilets, sinks, refrigerator ice makers & clothes washers. These lines will become brittle over time & could break resulting in the bathroom...