20 March 2011 | 6 replies
Hello, somewhat of a mentor, but I have many things he will be taking over like my employees, banking/attorney relationships, buyer relationships, marketing tactics, and the list goes on.
25 March 2011 | 25 replies
I have heard about court rulings that say that the tenant then becomes your employee and you have to have all the insurance and pay the taxes for them as an employer would.
3 March 2015 | 71 replies
. $90,000Tenant just signed a 2 year lease 10 minutes ago for $1,200/mo.Approx. 3% Gross Monthly ReturnI showed the before pictures to the tenant and she was speechless and couldn't believe it's the same house.
5 March 2014 | 6 replies
If someone is claiming 38% of gross rents for expenses on an older building I expect there to be a lot of patch jobs and deferred maintenance.
7 March 2014 | 2 replies
The 50% rule says you have to put 50% of the gross rents to expenses, capital and vacancy.
2 January 2015 | 7 replies
General financial info that has to be verified: Year 2013Scheduled Gross Income $66,840Operating Expenses $26,706Net Operating Income $40,764Pre-Tax Cash Flow $40,764
21 January 2015 | 6 replies
If you plan to be an employee til retirement, then you will need to find out what you are lacking.
14 March 2014 | 5 replies
And then do I become a w-2 earner or set myself up as self-employee?
3 April 2014 | 8 replies
They had good credit (both 760+) and gross over $2,600/mo.
9 April 2014 | 0 replies
Now from what I can tell from this forum, Nolo's book for landlord taxes and the IRS instructions for 1099-misc (which is actually not very helpful), the 1099 my PM sends me should show "gross" rents in Box 1 - not 'net' rent.