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Updated over 1 year ago,

User Stats

9
Posts
4
Votes
David Innocenti
Pro Member
  • Real Estate Investor
  • Elburn, IL
4
Votes |
9
Posts

First House Hack

David Innocenti
Pro Member
  • Real Estate Investor
  • Elburn, IL
Posted

I own a single family home in the western suburbs of Chicago which is my primary residence.  The home has a one bedroom 700+ sq. ft. in-law apartment in the basement which I've just remodeled.  I have a tenant wanting to move in June 1st.  I'm trying to decide how to handle the lease.  I started an S corp for the purpose of investing in rentals but because the home is in my name not the business I'm not sure how to handle all the paperwork.  I though about using the business as a property manager.  Does anyone have suggestions what would be the best way to setup this transaction?

Thanks...

  • David Innocenti
  • Loading replies...