When my tenants or my remodeling customers start talking like they are talking to legal, I have to CYI and I treat them with suspicion.

It just treats the rentals as an investment within your normal personal tax return.

(It's 10+ units or $100,000, just recently changed in June :wink: )SM, how's CAM treating you so far the Jax market?

Practice the integrity that you wish other people to treat you with.

It was a bad week b/c I lost those 2 for different reasons and the previous homeowners were both Veterans of our Armed forces.So all I wanted to do was bash their faces in for treating the properties with such little respect like it was just another 'file' when these men fought for our country, but I'll stop there b/f I get all worked up again. 2 Vets lost to foreclosure and I tried all I could do to stop it, Damn you CW and WF

It also gives the tenant a sense of home ownership, and in theory, they should treat the house a little better than an average tenant.We know that many people with credit issues are in the position because of bad habits, and those habits are hard to break!

If a property management company has not treated you well don't you think you should have the right to warn your fellow Real Estate Investors out there?

JG, A two-member LLC is treated as a partnership for tax purposes unless the LLC elected to be taxed as a corporation..

Don't get caught up in someone else's relationship issues- as I'm sure everyone else wil repeat, it's a business- treat it that way.

With the larger banks it is very difficult to get the bank to consent on initially titling the residential property in the LLC even when you personally guarantee the loan.For the property that you currently own personally, deeding the property directly into the LLC will be treated as a capital contribution.