For tax purposes, the IRS defines rental income as passive income. The idea of generating passive income from rental property sounds great. Let other people pay your mortgage while you kick back in your chair with a pineapple drink in…
Category: Expenses
Home expenses are where I evaluate different housing expenses common from owning a home. When the toilet leaks a renter will call the landlord, but who does the landlord call? Here I detail some of my maintenance expenses where you can learn from my adventures that you can apply to your home.
*Updated* South Bay House renovation has finally been completed. This renovation was very challenging because we were delayed by Coronavirus lockdown where construction and inspections were completely stopped for 80 days. We had to continue making mortgage payments until the…
We installed a macerating toilet (also called upflush toilet) in our accessory dwelling unit so the tenant could have a personal bathroom without having to share. The location of this bathroom was far back on the property which sat slightly…
Holmes and Holmes is one of my favorite TV shows on HGTV. The host, Mike Holmes and his son Mike Jr., have made a living fixing the work of renovations gone wrong from bad contractors. Homeowners will write to the…