Sheba Shimoji
Pay my own property management company
Hi, I have 17 unit rentals and I have set up a S-corporation acting as property management company. The average property management fee in my area is 10% of the rent collected. How much should I pay to my corporation ...
Russell T.
Should I put my paid off rental into a s-corp
I have a paid off house, should I put it into a s-corp? It’s currently making $42000/year. It has been fully depreciated. I’m looking for ways to save on taxes.
Venkat Varad
Selling former primary home to LLC
I have a former primary SFH that is fully paid of and about to reach the 2/5 years rule. I have no plan of selling it. I want to convert it into an LLC to offset the capital gains. I was about to start an LLC, but few...
Geoff Kraemer
Can I rent my 2nd home to myself for business purposes?
I am currently a w2 doctor with a house in town A. I am planning on moving to town B (90 miles away) and becoming a 1099 doctor (town B is now my primary residence). I will still likely be doing an outreach clinic i...
Dean W.
Should I accept a Corporate Lease?
Hello, I have a handful of properties and have been in the rental business for several years. However, I have never worked with a "Corporate Lease". I recently posted a listing and I have two applicants who are inquir...
Chad Bailey
Want to Use IRA $ for REI - Who Do I Consult? Tax Att., CPA, CFA?
Hello and thanks in advance for any constructive advice,Long story short, I was laid off last year and cash savings are all but evaporated. I've chosen to fund my first REI with cash from my self-directed IRA. Can a...
Joe Sohat
HELP: Left corporate; starting company. Need to rent in new city
Hi,My question is about how to successfully pass a rental application when starting your own company.I recently took a Leave of Absence from my corporate job in order to found a company...some time has passed and I no...
Saajan Bhakta
Buy a House through Business?
Hi All,My father owns a motel (located in WI) and lives on property and works. He is planning to move across the border to MN (much cheaper health insurance) and live in a house and step away from day to day activity....
Luke Stone
1099-Misc Questions, Difficulties & Musings
I have a couple questions, but I guess this is as much a venting post tooQuestions:1) The W9 form has check boxes for C Corp and S Corp. Since we don't need to fill 1099-Misc for corporations do we not file it if one ...
Account Closed
Tax on Interest Income
Interest income is taxable on schedule B. As a lender, what if the note in addition to interest also calls for a split of the profits on a flip, is that also considered interest? I'm assuming lender has no ownership...