You also can transfer the home into your LLC right after closing.

Make sure at this point, you let the title company know if you want a check or a wire transfer for your profit.

Depreciation can't be transferred to another partner, as it is tied to ownership.

That doesn't mean it just transfers right over to another property.The tenant's income may have changed or possibly more or fewer family members move along.

Hello BP folks!  My California tenant has initiated his monthly rent payment ($2100) to pull from his Chase account on March 14 through my Avail PM system, but I will not be receiving it until March 19.  This is 2 day...

In Florida you can put the advanced rent in a separate account (per F.S. 83.49), and when upon the accrual of rent on the due date, you transfer the money from the account to your operating account.

That transfers certain equitable rights to the tenant/buyer--nice for them, not so good for you. 

Go to court, have your attorney see about transferring it to superior court where they will need to get an attorney and spend some money.

Hi everyone,I have a unique situation wherein we placed 3 properties (all located in maryland, baltimore city) into an S corp and looking to transfer at least 2 of the properties out of the LLC into a multi-member LLC partnership.1)  are we subject to transfer taxes or fees for the transferring?

These agreements can last for up to 80 years, and you can transfer or sell the lease, offering flexibility.