Max Gupton
Airbnb Self Employment Taxes (how to avoid?)
Thinking about listing my in-home apartment on airbnb and learned that airbnb income can be considered "active", not "passive" in the eyes of the IRS and results in the owner having to pay SE taxes on top of income ta...
Juan Michael
New vs. Seasoned Corp/LLC
Hello,
I'm planning to start a corp for REI purposes, most likely an LLC. I was told that buying a seasoned corp. and just become the personal guarantor for line of credit purposes would be best. I am really unsure o...
Jay Thomas
Cost of replacing main water line in Chcagoland
Does any one have idea how much it will cost to replace a lead pipe main water line. I am looking to purchase a slightly distressed property and the village inspector is requesting the roof to be changed and water lin...
Mike M.
Water Submeter -- Require Tenant to Maintain Internet Service?
Recently purchased a duplex that has separate gas/electric meters for each unit, but only a single water meter serving both units. Having faced this situation before, my initial plan was to install a second meter in ...
Mooko King
Plumbing bill
Here's the situation, my tenant in my condo property claimed there was water leaking in the ceiling above the shower. Immediately I contacted the condo owner upstairs and told him to look into this issue asap. He ca...
Ron Hall
Dolt unit heat pumps
I have an older 3 bedroom, built 1920. The home has never had central air. Has anyone had any luck with split units when doing rehab on older home? Any input would be great. ThanksRon
Casey Adams
Landlord Insurance Advice (Memphis TN)
Hello All,I currently just closed on my first BRRRR/rental property today and I'm trying to get everything situated as quickly as possible to get rehab under way (I don't want to hold a balance on my HELOC for very lo...
Steve S.
Faint sewer smell, broken pipe - $20,000 repair
Tenant complained of faint sewer smell.
Plumber snaked camera into pipe from toilet and identified broken pip with water popped where it shouldn’t be.
Estimate is $20,000 to excavate, replace and potential foundat...
Bienes Raices
How to identify aluminum wiring?
I'm in contract on a house built in '75, and I don't want to have the same issues I had last time and waste money on inspections...is there an easy way for an amateur to see if there's aluminum wiring? Can you tell by...
Account Closed
How to hire an employee??
Does anyone have a step by step for hiring employees? I’ve always hired subs and operated as a sole, but it’s time to figure this out, and it seems a little grey for some reason. I purchased worker’s comp insurance,...