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7 July 2024 | 8 replies
How much should I pay this person to manage the project and hire subs?
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8 July 2024 | 12 replies
I personally don't, but I'm not carrying my groceries up and down.
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8 July 2024 | 2 replies
This separation helps in maintaining clear financial records and simplifies tax reporting and financial management.Setting up an escrow account specifically for rental income within your LLC can offer several benefits:Financial Clarity: It separates rent payments from other operational expenses, making it easier to track income and expenses related to the rental property.Legal and Compliance: Helps in demonstrating that rental income is kept distinct from personal or other business funds, which can be important for legal and tax compliance purposes.Tenant Transparency: It provides transparency to tenants and other stakeholders regarding where rental payments are deposited and how they are managed.While it may not be a legal requirement in all cases, maintaining an escrow account specifically for rental income is a prudent practice that many experienced investors and landlords follow.
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5 July 2024 | 12 replies
And, to be honest, I am not even in the process of looking for a 4+ unit property (yet), which is what this section is referring to, but it drives me nuts when I read something I cannot understand.
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7 July 2024 | 8 replies
Sounds like your bank simply wants your personal guarantee with your name on the loan and not that of your LLC.
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6 July 2024 | 0 replies
I hired Evictthemforme.com on April 5, and went to court with their referred attorney on June 17, 2024.
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8 July 2024 | 11 replies
@Eve Favorse networking is the best way.How many people in your personal network?
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8 July 2024 | 18 replies
Hey @James Thompson Such a personal question, but coming from a realtor and investor in FL, most of our markets are pretty depressed and therefore finding lots of great buying opportunities now.
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8 July 2024 | 5 replies
A great way to network and meet people in your local community is to attend in person meet ups.
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8 July 2024 | 29 replies
Bear in mind that these are business/personal credit cards and I made him explain to me how they'd help me pull cash with no fees.