Blake Dials
Multiple Bank Accounts
27 September 2024 | 13 replies
It can also simplify record-keeping in case of an IRS audit.That said, you can technically pay property-related expenses from your personal account, but separating the accounts will help keep your finances more organized and clearer for both you and your CPA.
Adam Hoeker
Managing the Finances
27 September 2024 | 15 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.
David V.
IRS Form 8824 Review
25 September 2024 | 4 replies
I reviewed Form 8824 and after much research I generally feel comfortable completing the form as well as how to depreciate the carryover basis and additional (or excess) basis using either of the two allowable methods (general and simplified methods).
Alex Silang
LLC registered in STR state or home state?
27 September 2024 | 13 replies
This simplifies legal compliance and may avoid additional fees or complications from registering as a foreign entity.
William Coet
Why Do Synidcations Exist? Why Don't They Just Use Banks?
28 September 2024 | 14 replies
I’m simplifying to make a point.
Mike Wells
Best Rental Software for Landlord with less than 10 properties Zilloe? Doorloop?
27 September 2024 | 10 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
Nikhil Mascarenhas
CA out of state investors, what asset protection strategy do you use?
25 September 2024 | 7 replies
A single LLC simplifies management but risks all assets in case of a lawsuit.
Bette Hochberger
The Home Office Deduction for Real Estate Professionals
23 September 2024 | 1 reply
Calculating the Deduction: Choose between the simplified method (a flat rate per square foot) or the regular method (actual expenses).How do you manage your home office deductions?
Chida Truong
Pace Morby Mentorship
14 October 2024 | 420 replies
sub too is a very simple concept and there are just a few items that need to be done to be safe this is not voodoo :) Hi Jay, not really using AI to write anything besides implementing it in our business to create simplified workflows, and some email communications and interactions for inquiries to our services.
Katrina Kunzler
Home Options Questions
23 September 2024 | 4 replies
This aligns well with your frugal lifestyle and long-term investment goals.Refinancing Now: While this means a higher interest rate and increased mortgage payments, it removes your ex from the mortgage immediately, simplifying your financial situation.