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Results (10,000+)
Brice Alef-Torrisi Managing finances between multiple properties
14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
John Williams Maximizing Returns on Your Rental Property
10 January 2025 | 5 replies
Some companies allow property owners to select tenants and set the screening criteria...We do not - our criteria does not bend. 
Kyle Carter How to build a out of state team
7 January 2025 | 8 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
Garry Lawrence Mass Shooting Near Property I'm About to Buy – Should I Back Out?
12 January 2025 | 7 replies
Hi Garry,To ensure your safety, it is highly recommended to visit areavibes.com and select the "See more crime data" option.
Veronica Mitchell Next gentrifying neighborhoods in and around Chicago MultiUnit
20 January 2025 | 33 replies
How, and why, do you select them?
Rafael Valdor Renting out my townhouse: DIY vs. PM vs. Realtor
11 January 2025 | 14 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
Zongfu Li Kiavi is the worst lenders I have been working with
15 January 2025 | 11 replies
I now am more selective about loan officers as well as lenders. 
Allende Hernandez Is it legal (or a good idea whatsoever) to reimburse screening fees?
11 January 2025 | 9 replies
Also I have done it in the past whenever I had a change in plans and they never had the opportunity to actually be selected
Chris Shon Do I need a Real Estate Tax Accountant?
28 January 2025 | 20 replies
Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Marquell Proctor Hello BiggerPockets! New PRO here
7 January 2025 | 2 replies
My suggestion would be to select someone with the most forum posts or most reviews.