Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (5,829+)
Orrett Lawrence Should I issue a single or multiple 1099 an a rehab project.
19 April 2019 | 2 replies
Section 6071(c), requires you to file Form 1099-MISC on or before January 31, 2020, if you are reporting NEC payments in box 7, using either paper or electronic filing procedures.
Cian O'Riordan Landlord liability with accepting electronic transfers...
28 May 2019 | 1 reply
I'm wondering about liability and protections for Landlords accepting electronic transfers from tenants.
Marty Summers Do you guys pay your rental insurance monthly or yearly?
24 April 2019 | 3 replies
With 12 properties I don’t want 144 $40-$50 checks (or even that many electronic drafts) that I then have to allocate to the correct property’s Expenses, per year. there might be a $5/mo savings for paying annually but I’d do it even if there wasn’t. 
Alan Faitel Questions about Airbnb. I have some homes that are furnished.
28 December 2018 | 7 replies
Same goes for HVAC systems, TV's, electronics, etc....3. 
Melissa Dinas Do utilities NEED to be turned on?
22 December 2018 | 21 replies
Also, unless you use an electronic lockbox on the front door, you may want to use intelligent locks, which require Internet access, which requires power.No question that there are many reasons why you should turn on utilities, not the least of which would be to better understand how the plumbing and electrical is working given the property has been vacant for a while, but I can't think of one reason why you shouldn't, including the one about saving money, because I am fairly confident that not having utilities will end up costing you alot more than you might think.Best of luck on your project!
Rupert Grant SDIRA vs Solo 401k which would you use and why?
27 December 2018 | 13 replies
@Rupert GrantFollowing are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m)The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (checkbook IRA) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2018, the solo 401k contribution limit is $55,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)
Brad Spies Tenant locked themself out of the house.
2 January 2019 | 6 replies
Best option, IMO, is to use a knob that can only be locked with a key, like a deadbolt, or install electronic, keycode locks.
Val J. My Tenant is Out of her MIND!
7 January 2019 | 55 replies
You can speak with them over the phone or via email & you can send them the lease agreement via dotloop or docusign for electronic signatures.
Brandon Ness Tenants Making Rent Payment
9 January 2019 | 23 replies
some of my tenants do not use electronic because of limits the companies like cash app use on their system.