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1 February 2025 | 10 replies
The first images of his website did not focus on real estate investments, but materialism.
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14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
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24 January 2025 | 0 replies
Spend more than half of your total working hours in an RE business in which you materially participate.2.
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6 February 2025 | 19 replies
I would have been ok with the latter numbers because I have been stockpiling materials for like two months, but...I did not know if I could trust them due to the lack of "professionalism," and my lack of experience.
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20 January 2025 | 11 replies
I have a property management company manage them as I have a full-time job, wife, and 2 boys.
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5 February 2025 | 54 replies
I wear a few hats as a realtor, property manager, STR host and project manager so if you'd like to chat about any or all of those services, I'd be glad to schedule a call!
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20 January 2025 | 8 replies
Far more than most real estate acitivies and much quicker think about it.. you sell the same info over and over and get paid instantly you have no roofs to fix no tenants to manage etc etc.. you do have reputation management of course.
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21 January 2025 | 10 replies
Costs after it’s placed in service are deductible as rental expenses.If you need help tracking these costs or categorizing them for your tax return, consider working with a tax professional or using software that helps you manage rental property expenses.
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11 January 2025 | 15 replies
Try interviewing at least three managers.1.
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14 January 2025 | 5 replies
It’s true that many property management companies are now incorporating tenant benefit packages as part of their offerings.