Account Closed It will only show on your credit report if the person who is holding the notes goes to a servicing company so it is recorded.

Is there really no way to hold shameless tenants accountable?

@James Boreno You’ll likely owe taxes, but don’t forget to account for your adjusted cost basis, which factors in the original purchase price, depreciation over 10 years, and any capital improvements.

@Andrew Watson I have a similar setup - One series LLC to One bank account.

And 1/2 of that is accounting that I could farm out too, but I enjoy it. 

This is our "8 x 8 project" - there, I've said it out loud to remain accountable! 

Take into account your mortgage, a property management company and other expenses and you are lucky if you net $300. 

They should pay just like someone on a regular lease pays - cash or equivalent into your bank account. 

The reason for this email is that we need to schedule a call with a representative about our direct deposits to our bank account, we keep having the same problem every month.

While margin accounts exist for stocks, they're typically more expensive and risky.🤝 A Place for BothHere's the thing - it's not really an either/or situation.