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31 May 2024 | 44 replies
Based on my personal experience, owners seems to evaluate two primary cost criteria when comparing PM's, the monthly fee and the placement / leasing fee.
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1 June 2024 | 3 replies
I would prefer to manage everything through the LLC's account for bookkeeping and tax purposes.Proposed Solution:Open a new joint personal account specifically for making mortgage payments.Transfer the monthly mortgage payment amount from the LLC's business checking account to the joint personal account.Document these transfers as "Owner's Draw" or "Owner's Distribution" in our accounting records.Use the joint personal account to make the mortgage payments.Questions:For the CPAs and accountants out there:What are the tax implications of this approach?
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30 May 2024 | 13 replies
https://reinstate58.hjta.org/To repeal the death tax part of Prop. 19.
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1 June 2024 | 7 replies
If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.
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29 May 2024 | 6 replies
Assuming that no debt is involved, Is paying that cost necessarily better than paying the tax on your long term capital gain in the property?
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1 June 2024 | 4 replies
It is not on her lease, she said she will send the updated lease to me and she will pay late charges and fees if I don't receive it by 18th. 3 days grace period.
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31 May 2024 | 17 replies
The site asks for my budget but I don't know if this is a flat fee or an hourly fee?
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30 May 2024 | 4 replies
However, the HOA fees are significantly affecting my cash flow by $600 per month should I rent it out.
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30 May 2024 | 2 replies
Hi everyone, I would like to start the wholesaling business in USA and I talked to a CPA in Canada for registering a US C-corp with a Canadian holding Company for "asset protection and tax" purposes.
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30 May 2024 | 11 replies
The buyer agreed to a purchase price and all fees/costs.