
31 January 2025 | 7 replies
My CPA was unsure... do you issue 1090-NEC for the difference between 1099-K and 1099-MISC or do you double up the income (i.e. 1099-NEC for gross rents from PM, 1099-K of the net owner distribution on 1099-K, then owner reports double income and puts a line item expense for the 1099-K since 1099-MISC covers gross rents).You need a new accountant lolPM issues 1099-MISC, not NEC for rental income paid to property owners.You would still issue the rental income paid to the owners regardless of the payment method.The Property Owners should add an expense line item on Schedule C stating that income reported twice on Form 1099 to offset any duplicated amount.

31 January 2025 | 26 replies
Did ask about specifics they are interested in and after 8 hrs of no response I reported it as spam.

4 February 2025 | 6 replies
Once fixed, the plumber confirmed everything was working 100%.Fast forward 3–4 days, and now multiple units are reporting toilet backups.

4 February 2025 | 13 replies
This allows you to report the rental income and expenses directly on Schedule E of your joint tax return, simplifying your tax filing process.

21 February 2025 | 5 replies
I believe they are I've done some research and from what i remember seeing on the reports, they missed 2 payments and just currently paid this past week

1 February 2025 | 7 replies
Most lenders I've worked with will use the lesser of the current rents or market rents reported by the appraiser when calculating your debt service coverage ratio.

28 January 2025 | 4 replies
Outside of the police report, I would just ensure all window and doors lock or functional.

30 January 2025 | 5 replies
@Pranita Maldikar From your report, it appears you're looking to put $119k down on this property, is that correct?

30 January 2025 | 8 replies
Find the one who writes scary inspection reports and catches every minor detail about a property.

18 February 2025 | 4 replies
Are you just calling for the listing, or can you offer a free report for example 99 reasons why your home didn't sell or something like that.Don't forget to call the people who know love and trust you.