There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

@Sam Booth I use leverage but maintain enough equity in my portfolio that hopefully I am safe from problems.

However, it's important to maintain a clear separation between your personal interests and those of the retirement account to avoid potential conflicts of interest or violating IRS regulations.

This small adjustment is essential for maintaining the integrity of your living space.Responsibility: As stated in your lease agreement, the landlord is not responsible for any damages incurred to your air conditioning unit.

I have financial resources at my disposal and maintain connections with several contractors to ensure that the house is repaired and prepared for sale on the open market.

You can then use the cash from the refinance towards a new acquisition, whether it's turnkey or value-add to BRRRR so you can help maintain a steady flow of properties if your goal is to expand and diversify your portfolio.

My husband and I are both full time employees and we do not have time to maintain our properties ourselves or deal with bad tenants.

Well-maintained sidewalks not only improve the aesthetics of the property, but they also protect inhabitants' safety and convenience.

Utilize a combination of both to maintain that truly personal touch.

Use a consistent naming convention - ex. 2024.03.25 Home Depot3 Maintain proper records - Contracts, Settlement Statements, Agreements, Promissory Notes etc.Additionally, you can track income and expenses consistently, using software or spreadsheets.As you scale, if bookkeeping isn't fun for you, consider hiring a bookkeeper for a couple hundred bucks per month.