We do not verify identities, that would be a bigger lift than we are capable of currently, however it is against the rules to use a false identity per section 2.A of our website rules here https://www.biggerpockets.com/rulesSo anyone discovered using a false identity will be removed if they are reported to spam.

Hello folks,When running BGC and other reports on potential tenants and having applicants pay for them, do you run them for all?

Already there are many reports of increased listing activity in the surrounding areas and plans for many to relocate and migrate.

Calculate how much more in interest, lost profits, etc it will cost you to have this “blip” on your credit report.  

This is an area that home inspectors typically do not cover in their reports.

They might only skim an inspection report and trust me to find issues.

That comment also seemed to imply that you don't report the rental on Schedule E if you have an LLC, but that's not correct, with a single member LLC it still goes on Schedule E."

Quote from @Abhijit Roy choudhury: Financial Crime enforcement Network, requires reporting of Beneficial Ownership Information filing by 01/01/2025.Does this apply to us, Rental LLC owners.

You will receive a report as a result of the cost segregation study that supports the breakout between asset classes and new depreciation schedule in the event that you are audited by the IRS.

The revenue and expense categories line up with your Schedule E which makes it a breeze to prepare for filing your taxes and I like the reporting features, too.