The risk of "piercing the veil" applies more to LLCs when personal and business finances are not properly separated, not necessarily to individual landlords renting a portion of their home.A more practical approach is ensuring you have a solid lease agreement, sufficient liability insurance (including an umbrella policy), and properly reporting rental income and deductions on your tax return (Schedule E).

I started a property management company in 2017 and am now managing almost 800 doors and 6 construction crews.If I could do it all over again, I would have spent a little more time setting up business systems prior to jumping in. 

They keep different hours so be careful, however they were able to charge me $100 and get my series in place within several hours (stated as 24 business hours).I wish 1. 

Everyone is trying to maximize earnings in this business. 

I don’t see anything wrong with endorsing a business that is great at what it does.

Looking to buy Business around Portland metro below $300k.

We both run our own businesses but we feel that real estate will help make sure we both maintain our life plans of not needed to work as much any more.

A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.

This is really going to depend on the state you are looking to do business in.

Most businesses, property management or not, fail due to the lack of sales, not due to the lack of systems and phone etiquette.