If you have any more questions, I'd be happy to go through more so feel free to DM me.

If you know anyone reliable and professional that has an experience, I would really appreciate it?!

.: Does anyone have personal experience turning your property into a rent by the room with pad split?

I don't see much information regarding this company. https://s8academy.com/section8Or have you had any good experience with any other programs?

Alternatively, in a QBO Simple Start or Essentials subscription, if seeing profitability by property is important, you could still structure your chart of accounts to reflect each home, though your P&L will be a bit more lengthy & harder to digest.If you have any questions, feel free to reach out, happy to walk you through the pros & cons of QuickBooks options!

Hey all, I'm a Broker with 18.5 years of experience in the industry primarily centered around SFR and small investment properties.

@Kevin Duke Since Subject A’s $6M net worth is below the federal estate tax exemption ($13.61M in 2024) and Florida has no estate or inheritance tax, Subject B can inherit the property tax-free with a step-up in basis to the fair market value at the time of death, eliminating capital gains tax if sold immediately.To avoid probate, Subject A can use a Lady Bird Deed (Enhanced Life Estate Deed) or a Transfer on Death (TOD) Deed, which allows automatic transfer to Subject B while retaining full control during their lifetime.

Just be sure to account for the upfront costs, ongoing maintenance, and market demand to make sure the numbers work for you.Good luck with your decision, and feel free to share updates as you move forward!

My templates are built from real-world experience – check my profile (notion4agents.com) if you’re curious.What’s your favorite way to stay organized in real estate?

We have a local roadside assistance company here that charges only $15 a month for hassle free roadside help here at the apartments and around our valley for our student tenants  that may be new to car troubles and away from home!