I took a check one time, because I happened to be at the property and was going to the very bank that the tenant was on their way to for the deposit. 75% of our tenants pay electronically online, and the remaining 25% go to a local bank where we have a tenant access account set up and make their deposit that way.

In the future, we will set up a much clearer plan from the get-go.

I have some alerts set up already but I'll definitely check out those guides; great advice!

Our overall goal is to set up this first deal to get us ready to acquire more, once this one is fully rehabbed (if necessary) and fully rented out at market rent.

From what I have heard, a Series LLC has questionable asset protection vs a normal LLC, but I'm not sure you are understanding  Series LLCs how series LLCs work based on your description of the structure.All of these could be set up to minimize tax in the same way so that priority could be ignored.Do you really need the asset protection?   

I never set up a payroll until May 2021.

I set up appointments however Hurricane ELSA flew by pushing all the jobs a few days.   

Often, the delay in communications is terrible and they are a nightmare to set up for viewings.

Hi All,I built a duplex in the district of columbia and had the title company set a condo association. They got  a federal tax id for the association and got bylaws drafted and those done. It was my responsibility to ...

Good afternoon Looking for real-estate refferal cpa in or near Newark NJ.Trying to set up my business however not sure how to structure it.