Beth L.
Questions--How to use a Property Management LLC as the "face" of my rental business
So currently we have a number of duplexes being held each in its own LLC, with separate bank accounts and everything. I feel that before this venture gets too large, that I should create a Property Management LLC to b...
Jason Wu
Two family house with only one electric meter
Greetings to the great BP community! I am currently looking at a two family house. I am planing to live in one unite and rent out the other. The problem is there is only one electric meter. How do I price out the ren...
Rebecca Kirkwood
Property Management checking accounts
I have my own property management company that is just over a year old. I was a property manager for about 4 years prior to going out on my own. That company was disorganized and didn't teach the infrastructure of the...
Asher Knudson
Business Checking Or Personal Checking
I'm trying to get some answers regarding what kind of bank account I can use for my rental property. I have an LLC so I'm wondering if I can use my personal checking for my business or if I'm required to have a busine...
Carita Yeager
Wholesale Deal in VA Beach
I just put a contract on a 4/2.5 2200sqft home. It also has a separate lot that is almost a full acre - zoned for single family res. or multi-family res. I'm debating how to market this because, I could possibly sel...
Caleb Gray
House Hack Improvements on Personal Side - Tax Implications
Hello BP,I recently did a small amount of improvement (<$1000) on one side of a duplex that I am now living in. Projects included installing vinyl plank flooring in two rooms, refinishing kitchen cabinets, and inst...
Mark Welp
LLC and Entity Formation
Hello,I am not a lawyer, but I am curious on what people are doing. I have two single member LLC's which hold rental properties owned by me (I like to keep a 3 or 4 properties in each LLC).However, for marketing purp...
Mark Goncalves
Splitting utilities for a two family house
I just converted a single family house into a two family house is it worth splitting the utilities
Lanre Ajala
ADU's in Gwinnett and Cobb County
I'm looking to build a single family home with a basement ADU with the goal of renting the ADU within the Metro Atlanta area (specifically within Gwinnett or Cobb county). Are you allowed to rent an attached basement ...
Patricia Andriolo-Bull
Suggestions for a STR LLC strategy
Hi. I understand the pros and cons in general of LLCs. I know often times people on this forum say they are unnecessary and don't always protect against liability and just get a good umbrella policy. That said, I d...