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29 September 2024 | 13 replies
Not that California is the norm but my instincts are to keep the estoppel and new ownership notice separate.
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29 September 2024 | 13 replies
They allow you to have multiple portfolios, so I can track my Detroit properties under management separately from my others.
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29 September 2024 | 16 replies
They're seldom home during the day and on weekends.The upstairs tenant texted me yesterday (I do have a separate phone line for our properties) saying she's having noise issues with the downstairs tenants: banging the screen door closed after she's gone to sleep on weeknights (11:00pm), talking on the phone at 1:30am, up and about at 2:30am on the weekend.
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29 September 2024 | 5 replies
Additionally, I don't believe Form 4797 should be generated for this transaction.Please confirm that, for reporting a 1031 exchange from one residential rental to two residential rentals, I need to prepare a separate statement and only complete lines 19 through 25 on Form 8824.
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27 September 2024 | 13 replies
If I am renting a property of mine just under my personal name do I need to set up a separate bank account and pay the property loan, taxes, insurance etc out of that separate account?
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27 September 2024 | 2 replies
When I saw my tax advisor/attorney, he said another option would be to have a separate LLC for each property with a holding company for expenses common to all properties and to make distributions and contributions.
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29 September 2024 | 3 replies
It’s easy to get discouraged if your efforts don’t pay off right away, but staying the course is what separates the good from the great.This is exactly what Shelly and I did in New Hampshire.
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27 September 2024 | 15 replies
They will set you up on Quickbooks or something similar so you have separate areas for each property.
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27 September 2024 | 1 reply
My suggestion is the following:If all of your properties are in separate LLCs, under the Baselane Banking tab on the left, create an Account for each Entity you have.
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27 September 2024 | 0 replies
I have 2 separate Property owners where im located in Maine both looking to do joint venture deals where they provide the land and I get the project lined up and funded.