Kevin Cooper
Incorporate LLC in Wyoming Vs Michigan?
Hi BP members,I'm wondering if anyone can provide some real world practical advice on the pros and cons of registering my LLC in Wyoming (for charging order protection) versus registering my LLC in Michigan (my home s...
Matthew Leitch
Extra tenant - raise rent okay and fair?
A tenant asked if another roommate could come live with her. She lives by herself now in a 2 bed, one bath, so there is room for them both. I explained that they would be added to the lease and must pass all other bac...
Cory Edds
Primary Home House Hack
Investment Info:
Single-family residence other investment in Houston.
Purchase price: $725,000
Cash invested: $145,000
Purchased main home with a garage apartment we're using to house hack. Garage a...
Loren Whitney
Help understanding a transaction coordinator fee
Hey all,
I'm in the final stages of selling my primary residence, in fact the closing was today. My wife and I signed closing docs and a preliminary settlement statement a few weeks back in preparation of a new baby ...
Christina B.
Cleaning Costs (Actual vs. Listed)- Tax liabilities?
Having reviewed what's previously been discussed on this forum regarding whether people list what their actual cleaning cost is vs. a reduced (or in some cases inflated) price, can anyone share if there is a tax liabi...
Lacee Beitler
Online payment - Cozy users
Hi everyone!
For any one who collects rent via Cozy (or any online payment processing), I have a question about when the payment processes vs when it's received:
We love using Cozy and so do our tenants, but Cozy ...
S. Perry
Choosing a PM
Finally ready to hire a PM company. Met with one last year briefly when house wasn't quite ready to rent. He thought otherwise and said it was "rent ready" as far as he could tell and if any issues were to arise hi...
Josh Engen
Pre move in Pics - should I send?
Hello fellow BP Members,
I think the conventional knowledge is that landlords should be taking pre move in pictures to document the condition of the unit. We have always done that.
My question is, as a best practic...
Jason V.
Application Fees
Every single book on Landlording I pick up, every podcast I listen to, and every post I read says the application fee ($25-$75) is a must.But in researching locally (as a previous renter, and by asking local renters) ...
Matt Hendrickson
Understanding the finances behind rehabbing a home to buy and hold
I have put in an offer on a house that we are planning to flip. I'm a little concerned about the finances behind this flip. Can someone please tell me if I'm understanding the financing correctly.We are going to go w...