All Forum Posts by: Cathie Kovacs

I'm a bookkeeper. Though I've not used Wave yet, if you have the capability of booking a journal entry to account for what flowed through your personal account, I'd recommend doing so. It would put it all in your LLC's records, keeping things cleaner.

 As a wildlife rehabilitator for more than 20 years I have the following suggestions… 

 You should not have closed up the hole outside as you seem to have locked the animal into the house instead of out of it.

 Return the hava-heart trap that you have purchased. Replace it with a one-way door. Reopen the outdoor hole that you closed and put the one-way door over the opening. This allows the animal to exit at their own discretion and they simply cannot return. Once you have noticed no activity for a few days, then you can safely board up the hole. 

 Keep in mind that this is not actually a squirrel problem. It is a home maintenance problem.  This situation as it currently stands will have the animal die in your wall somewhere and stink up the place. 

 Feel free to contact me if you need more details 

I have questions...

If the property doesn’t need much and comps are $255k (or more) and that’s about what they owe too, why do you think they’ll go as low as $220k?

Both of your purchase scenarios net the same cash flow. Do you actually know the seller’s current interest rate on the 1st mortgage that you are interested in assuming?

Many thanks for your input!

Hi Ed 

I'm in CT & I have 2 rental properties that I need to LLC.

Is there any benefit to establishing a "parent" LLC that would own the separate property LLCs? Or just make LLCs for the individual properties with myself as the sole member?

You can get an alarm so if the pump fails, you are notified and address it before any significant flooding occurs. 

The truth is, the claimant doesn’t actually have to have a case. In CT anyway, all they have to do is claim that you were discriminatory, and it’ll cost you. It’s a scam of sorts. Settle to avoid court costs (which will get you cleared but cost a fortune) or pay up. 

if you are on a Mac, you have to do Quickbooks Online or run parallels with Quickbooks Desktop. 

To track your properties as classes (recommended), you need Quickbooks Online Plus. 

Quickbooks Online is browser based so it can be slow. There is a desktop app that makes it faster and gives you more of the feeling of the desktop version (multiple windows open etc). 

I think that covered all the questions asked. Let me know if I missed any.