I have been talking with a few other real estate investors, some suggest to create a website to funnel potential tenants, setting up an automation phone line, and a callers list for screened tenants.currently have two rental properties.

Managing a rental property can be challenging, especially if it’s your first experience.

Love your journey so far—turning that first property into a big win is inspiring!

This property has been flipped, and rent exceeded the one percent rule.

Is this property in TN?

Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.

Secondly, calendar and email functions/apps on computers and smartphones provide great records and a log.

I also have some buyers looking for properties in Virginia as well as north Carolina.

There will be an auction in a couple of weeks of properties located throughout Monroe County and I want to take part.

You can't do that if the property is out of state.