Keep personal and business finances separate to create less headache.You should also do the following to make your bookkeeping easier:- File all receipts in a dedicated Google Drive folder.

A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!

I’ve got 31 units, and have been filing my taxes on all income from the rentals since I started investing 5 years ago.

From that file, you can see the deceased and attorney.

Voluntary Filing: Companies can still submit BOI reports voluntarily.

File an eviction with the court and provide the proper notices (e.g., 10-day notice to pay or vacate for nonpayment of rent).

She was paying rent when there was a landlord that would file for eviction.

I doubt 10% of the GRM will equal enough to where an S filing status makes sense.The home office and such is nominal so that alone isn’t worth doing this.

This fee is typically a fraction of the amount of a traditional security deposit.Coverage: The surety bond provides coverage for the landlord in case the tenant fails to meet their obligations, such as unpaid rent or property damage.Claims Process: If the landlord needs to file a claim, they submit documentation to the surety company.

the OZ or Land REIT they filed with the SEC was revoked.