Justin Lee
W9 to 1099 for independent contracts
7 December 2024 | 7 replies
I wouldn't worry too much about it, if you have a competent CPA or bookkeeper they should be able to review your books and within minutes have a strong grasp on who gets a 1099 (spoiler alert, not every contractor gets one, I'll be annoyed if I get one since I'm structured as an S corporation) and the amounts to report.1099 filings are usually a loss leader for us, so if you're working with a professional make sure you take advantage of them filing everything for you.
Andy S.
Tenant Move in and move out inspections
10 December 2024 | 6 replies
Taking pics of each wall, can be too many pics and a very large file/pdf to share with the tenant.
Joel R.
Am I required to issue 1099s to contractors if I only have one rental unit?
6 December 2024 | 12 replies
But this year, his team is saying I need to file 1099s.
Bill Warren
Asset protection help
7 December 2024 | 1 reply
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
Roger Garner
How to find good general contractors
2 December 2024 | 14 replies
Quote from @Roger Garner: Hi everyone,I am a new member trying to remodel/rehab a house.
Shaheen Ahmed
Property taxes on rentals
18 December 2024 | 15 replies
A property qualifies as Homestead for this exemption if an eligible owner files a Principal Residence Exemption (PRE): https://www.michigan.gov/taxes/0,4676,7-238-43535_43539-210891--,00.html#:~:text=Section%20211.7cc%20and%20211.7,purposes%20up%20to%2018%20mills.Many investors have gotten an ugly surprise when they bought a property that was a primary residence of the seller for the last 20 years.
Benjamin J Thompson
AI Analysis Tools? Which is best and why? Anyone using any of these and why?
5 December 2024 | 11 replies
A costly example could be remodeling information claiming a permit was issued when there wasn't any in the county's records.
Jordan Sachs
Take my neighbor to civil court over dead tree?
9 December 2024 | 23 replies
I understand this is my responsibility and I filed an insurance claim and the garage is currently being rebuilt as the entire thing was destroyed.
Andres Felipe Alba Hernandez
Can convenants of the neigborhood restrict STR? on Single Family Home NO hoa
12 December 2024 | 6 replies
And, they generally bring forth action when a neighbor files a complaint and the fines/remedies can be painful.
Tyler Jahnke
Morris Invest Case Study 2.0
30 December 2024 | 819 replies
After looking through the court files, I'm starting to believe CM may be as much of a patsy as the victims in this.