I am considering creating LLC for my rental properties. I am currently on W2, and my wife and I file taxes jointly. Right now the profit/losses from my rental activities are listed on Our AGI does not allow us to dedu...
We have a house that is harder to rent than our others. It's very clean and in good repair and priced well for our market, but it's older and has some odd features and it's not in the best area. Plus it's a slower ren...
What are red flags you look for when a tenant applies for your property? Besides credit score, income, rental history, criminal history?
Has anybody purchased in Jackson, Mississippi?I’m looking to buy my first rental, which would also be out of state for me. Interested in any information or tips on Jackson as well as Mississippi landlord laws. Thank y...
Hey all--I know I've been MIA from the MTR forums; I had to take a few minutes to pop out some twins, and my free time is pretty limited because of said twins. But I did finally finish rehabbing and furnishing my firs...
Just curious if anyone else has come across this.You meet some nice folks who want to rent from you. They seem normal, all other requirements are OK.Like any good landlord, you scan their social media. You find out th...
Hey gang, This is about as amateur as a question gets, and I know there's a handful of you direct mailers out there who will simply say 'don't do that. Outsource.' But for those of you who actually print and mail env...
Does anyone routinely get police reports on a multifamily property during due diligence? I wish I had on a recently purchased one in Des Moines. I knew it was going to need $ put into it and some weeding out of margin...
Does anyone have tips for finding tenants for class C and/or Section 8 rentals?Background: I bought two houses last year in a Class C- neighborhood and quickly rented them out. One to a Section 8 (50% rent covered, h...
What programs/processes do you use to take tenant applications? Software/paper? What sites do you use to run background and credit checks?