The accounting entry would be debit to interest expense, debit to loan payable, debit to taxes, credit to cash.P&L would reflect rent as income, Less all the expenses, including property tax.

A copy of these instructions will be included in the book I hope to publish this summer.I allow a few small nail holes without charge because that is ordinary for any occupant.

U-Haul published an article that the third year in a row that the #1 destination for one way moves is Texas.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

Apologies I published this post by mistake.

Many leases state that any fees, utilities, etc are "payable as rent".

As I'm sure you know, this means the mortgage holder can call a note due and payable in full within a very short period of time upon learning that you've transferred the title to the property (their collateral on a loan) out of your personal name an into something else.

We abide by the HUD General Counsel Guidance published April 4, 2016.No outstanding balances for previous rentals, medical, and student debt we tend to be okay with, don't want to see a lot of outstanding collections in general. 

They publish these notices online.

Check out my latest article published here on BP!