All Forum Posts by: Palak Patel

Hi everyone,

I am new to the rental business and just purchased my first rental property. I want to make sure I screen tenants properly, but I am not sure where to start.

-What steps should I take to screen tenant applications?

-How do you conduct background checks, and which services do you recommend?

-What key criteria should I use to evaluate tenants (e.g., credit score, income, rental history)?

-What are the best ways to attract more quality rental applications?

Any advice or resources would be greatly appreciated!

Thanks in advance!

Hi everyone,

I am a new in real estate investment. I purchased my first single-family rental last year on LLC and I did the cost segregation study on that property now I talk with my CPA and mention about the cost aggregation study for filing the last year tax return (2024)he said that I don't need to use it because anyway my tax return is going negative because of all the expenses of closing cost insurance HOA and everything so what would you suggest me that use my Cross aggregation study for my tax return or not.
thank you in advance for your response .