Pam McGehee
ISO Real Estate Accountant in Dallas-Fort Worth.
14 November 2021 | 5 replies
@Pam McGeheeLLC's in Texas are required to file a Franchise Tax Return with Texas - Make sure that the professional you choose understands that.best of luck.
Brian Sherman
Book keeping software for house hacking
3 October 2021 | 12 replies
When I changed to my current accountant he insisted I move the business files to QuickBooks.
Sarah Stenson
Compensating Property Manager for Home Updates
16 September 2021 | 7 replies
Understand who pays in the event of an eviction for court filings, what the tenant needs to do (lightbulbs, toilet seats), what the PM will do, what they will charge.
Danny Matthews
Tax Accountant - Out of State Investing
27 December 2021 | 1 reply
This is good for you as this opens you up to being to find a CPA outside of your state.Since you have a property in Georgia, you will be required to file a non-resident tax return with Georgia.
Suchi Desai
Extra bedroom/bathroom not recorded
16 September 2021 | 1 reply
I am not sure about Greenville, but most of the permitting offices in my area only keep permits on file for seven years.
Ryan Fox
drunk driver almost leveled my rental
17 September 2022 | 11 replies
@Ryan Fox was the driver insured, if so why isn't the claim being filed against the driver's insurance?
John Yowpa
loan questions regarding money loaned to LLC
16 September 2021 | 3 replies
It might be that each company will file a tax return and the LLC members will declare the income, or loss, on their personal return.
Johnny Beautelus
Forcing appreciation to a property
5 October 2021 | 6 replies
After all of the paperwork was filed and approved, he was able to move in.
Allen McGlashing
Investment property insurance in Ohio that works with LLCs
29 September 2021 | 8 replies
LLC's also have many other inherent problems e.g. you may have difficulty transferring the property to a spouse, or relative since the LLC essentially owns the property and it may not be considered to be a personal property.LLC's do not provide you with any protection when someone sues you because if the court awards damages the LLC cannot pay then it is very simple for the Plaintiff to go after your personal assets, or if someone sues you outside of the LLC then the Plaintiff easily get a Charging Order and goes after your personal interests in the LLC.It is much easier to just file for a Ficticiious Business Name, use a DBS e.g.
Cindy Slack
Taking the Leap on my first one!
18 September 2021 | 12 replies
If you have 5 properties with 5 separate management teams in 5 different states you’re going to have to file loads of taxes and keep track of 5 different management styles which will become a full time job.