All Forum Posts by: Viktor Singh

Hello, 

My tenant is requesting if he can adopt a rescue dog. What are some of the things that i should consider before making a decision. He has been a good tenant. I am just concerned that the dog could damage the property and I will have to deal with fixing things up. Should i ask for a deposit ? Increase the rent ? What is the typical recommendation ?

Thanks,

Viktor

Hello,

I am newbie and looking to get my first investment property. I have tried to look for one but don't have much success. Can somebody point me to areas to check out ? 

Thanks,

@Ben Einspahr Does it matter if house is under a LLC ? I don't have one , but later on if I open one, I don't want to redo account creation. Thanks !

Hello, 

I am new investor and have a rental. I was advised to open a business checking account for my rental. My question is why do a business account ? Why not an everyday account ? From brief research, i see business accounts have more restrictions and may have cost to it. Also, is their a bank that is better than others for this or it doesn't matter ? 

Thanks !

Thanks Nathan ! 

Thanks ! Do I get 1099 from the business account for taxes ?

Hello,

I am newbie. I wanted to understand that for my rentals should i open a business account or checking account for it ? What are the advantages and disadvantages of opening one or the other ?

Thanks!

Hello,

I am planning to self-manage my property in chandler. I learned that I need to pay TPT tax to the city. Can somebody provide me input on how to do that. Do i need to get a license to do it ? The city's website is not clear on it so I could use some pointers. Any other taxes/legal things that i need to take care of. here's what I am planning to do:

1. Set up checking account for the rental check. Pay mortgage through the security deposit.

2. Open a savings account and move the security deposit into that.

3. Pay house expenses through the checking account.

4. Pay TPT tax. 

I am missing something ?

Please help. 

Thanks !

 Is it reported as ordinary income ? Also do you need to pay property taxes if you are managing it yourself ?

Thank you Mike !