The property is currently rented by family (that are truly treated like tenants, except Sunday between 1-3 dinners).

"In the future, when you are defending a lawsuit against your LLC, the courts will treat the LLC as a separate entity as seriously as you did"It makes decisions like this easier for me!

Keep WV rentals in my name and treat as personal property2.

Really bad cat or dog urine can be really hard to get rid of as it will soak into the concrete below the carpet and you'll have to tear the carpet up and treat/seal the concrete.I haven't had too many problems with carpet as I would rather spend the money to tile an entire house once than deal with cleaning and replacing carpet constantly.

For most people, buying real estate (at least in the beginning), means penny-pinching for long periods of time in order to acquire the capital needed for the investment.It could be months or even years of frugal living to achieve a goal, focusing on "needs" rather than "wants".But even the most dedicated need a treat every now and again to break the monotony of what I call "the grind", in order to recharge the batteries and stay motivated.So, do you guys (and gals) treat yourself?

However if a tenant habitually pays on the 20th and faces no real consequence for doing so, it could be ruled in a court that the "real" (in practice, substance) due date was the 20th, regardless of what the lease (form) says.Another example could be that if the last month of a lease, even a specific month, is pre-paid, but when that month comes every year, the tenant pays like normal (as if it had never been pre-paid) and "transfers" the pre-paid month to 12 months ahead, then a court could rule that the substance is that it is being treated by all parties just like an extra deposit (which is also rolled over with a lease renewal), regardless of what the paperwork says.This may sound like splitting hairs, and there are plenty of landlords who don't care about things like this and never run into a problem.However it's also possible that you can get a tenant who has authority issues (ever had any of those, anyone?)

Other than that I have zero complaints with my Quads, Tenants do talk so treat each one fair & the same..

How is Snellville treating you?

Rental income is treated as ordinary taxable income, but one way to not pay taxes on it is reinvesting the rental income into the property if the property needs rehab.

Even if the landlord loses the property, there are laws that govern how a tenant at will is treated by the new owner.I would begin formulating a backup plan in the event things do go south.