
24 February 2025 | 49 replies
They were going to check with their accounting team to see what they "could do" since we were not at all happy with what Hilany sent us.

27 February 2025 | 6 replies
Hopefully someone with tax accounting knowledge can jump in here with more detailed analysis, but I looked at this a bit several years ago...1) You still have to pay the depreciation recapture on the sale decreasing the net benefit of this approach due to the large tax payment in the 'sale' year2) The LLC would need to not be a passthrough entity so that it can be taxed separately from you, so you have to add another tax return cost for the years going ahead3) Taxing it separately from you likely means corporate status and corp. taxation rates which are higher than yours and I've heard many times over the years to avoid titling real property as a corp...Overall from what I've seen this only makes sense in a select few scenarios, which for most people aren't in play.

24 February 2025 | 72 replies
Maybe that's why, but surprising they're always booking elsewhere first.I do price a little higher on booking.com to account for the fee, but it sounds like most people do that too, so not sure why my places are an afterthought there.

8 February 2025 | 7 replies
Quote from @Maryann Nichols: I'm looking at going with the pro account, but it seems like the program focuses mostly on rental properties.

13 February 2025 | 22 replies
Keep receipts for all your expenses for federal taxes, keep the deposits in a seperate bank account.

26 February 2025 | 23 replies
A property manager should always account for both income and expenses—you’re the owner, and you have a right to see exactly where your money is going.It almost sounds like he thinks he’s doing you a favor instead of working on your behalf.

11 February 2025 | 4 replies
They will handle the collection and distribution of payments, amortization, escrow accounts, and any tax documentation.

10 February 2025 | 9 replies
I'm now realizing that in the state of South Carolina, the tax rate jumps 2% for rental properties to help fund public schools, a $600/mo cost that I didn't account for when using the calculators in the earlier stages.

4 March 2025 | 21 replies
@Thomas Fredella I have never heard of them either but I would be hesitant to join anything when there is tons of free RE information available out there, including BP.The one great thing about paying a ton of money to a group or guru, however it is a way to keep you accountable.

5 February 2025 | 14 replies
Long term money, you could invest into a taxable account so you have access to it whenever you want.