The CTA required information about the beneficial ownership of companies registered to do business in the US starting Jan 1, 2024.Link to article:https://www.natlawreview.com/article/us-corporate-transparen...

I do all of the bookkeeping and taxes for my own real estate business and would be happy to assist you with yours. 

I main question is about scaling in real estate as a business owner vs employee.

Community and collaboration is so important in this business.

I feel like January and February are slow for any/most businesses. 

My thought on the Corporation vs LLC was to switch my self employed business from a LLC to a Corporation and use that Corporation to invest in real estate.

We purchased this directly from the seller at an incredible basis and look forward to executing our business plan in the coming years.

Or worse ...As you grow your business, so should you grow your reserves.

These numbers should be determined using a combination of the historical financial data available, feedback from your property management company, your business plan, and the property characteristics.Generally, you can expect per unit numbers like this:Repairs & Maintenance: $200 – $500 per unitAdministrative: $150 – $350 per unitUnit Turnover: $200 – $300 per unitContract Services: $200 – $500 per unitUtilities: $800 – $1,200 per unitAdvertising $100 – $300 per unitPayroll $1,000 – $1,600 per unit (very market specific)Insurance: (very market specific)RE Taxes: (very county specific)Again, these are very general per unit numbers but they should help provide you with guidance. 

Finding a way to "STR" a hotel can be a great business opportunity.