Reach out to local real estate organizations for tips and connections.

In looking back at my tax records, I did not “abandon” the property, I just had no rent to claim the next years, in 2021 and forward.

When looking at an LLC, or any entity structuring, there are two angles to consider: tax benefits and asset protection.I frequently see asset protection lawyers recommend an LLC for each rental property owned for liability purposes.

Most of the coast is unjust toward Landlords, higher taxes, and other negatives.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Which would be the best way to structure this while avoiding tax charges?

Hi All,I have a question for those of that are tax savvy.

Also when you do decide to sell your section 8 portfolio, your end buyer will be relieved to see that all the rents are in place and backed up.This is just the tip of the iceberg.

Hi ST King,The price increases with insurance and taxes has certainly cut back our cash flow on many of our properties, but fortunately rents and rental demand have been pretty strong going into 2024.

(They have already put me in touch with a service)- they have an outside vendor that will collect taxes for usThe rep for my area has been very helpful.