
14 January 2025 | 329 replies
David David,It completely depends on the tenants circumstances.

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.

11 January 2025 | 15 replies
Quote from @Steve Lehman: @Jackie LiuFirst and foremost the information that everyone has provided has been great.

9 January 2025 | 32 replies
This benefit allows the owner’s estate or heirs to receive the property at a new, higher basis—reducing capital gains taxes if they choose to sell the property after inheriting it.In short, partial disposition allows tax deductions for retired property components during ownership, while the death step-up basis resets the property’s depreciated value, providing tax relief for heirs.

16 January 2025 | 10 replies
In our market, we are seeing more MTR providers.

10 January 2025 | 2 replies
'well it depends'.

10 January 2025 | 13 replies
Developers will not be able to get these bonus building permits without providing such TDR credits.

10 January 2025 | 4 replies
They often provide standardized lease agreements that comply with state and local laws.Additionally, many landlords use platforms like Avail, Zillow Rental Manager, or TurboTenant, which often include customizable lease templates that are state-specific.

15 January 2025 | 9 replies
Hey @Ricardo Polanco - has the inspector provided any reason for the constant follow ups?

7 January 2025 | 16 replies
All of this depends on your market having demand, of course.