Bobby McCourt
Ohio - Section 8 housing
I have heard many ups & downs bout this subject. I would like some input please. I have had numerous ppl ask if i do section 8 for my properties. Does anyone think that it is advisable or not to even deal with thi...
Floris V.
Midterm contract with construction company
Hi! I have a midterm rental in Temple and a construction company wants to rent it for several months. I’d be contracting with the company and listing the occupants in the contract. Anything important I should include ...
Greg O'Brien
PPP Forgiven Funds are NOT Deductible
IRS released guidance yesterday saying that any PPP expenses that are forgiven are NOT deductible for Fed income tax purposes. In essence, the forgiven funds are taxable, in direct conflict with the Cares Act. Congr...
Colleen F.
Managing taxes when you pay your child
Ok so I hired my son to work on my rental , he is 17. Some of what he does is not 1099 work but employee work so we should be withholding taxes and sending to the IRS. can anyone recommend an inexpensive service...
Martha Codio
How to start a business with your spouse
Hi! My husband and I are starting a business together. I need advice on how to separate private vs personal life and is it a good idea to do business with your spouse ?
Fred Mejias
Starting a Rehab - Contracts, 1099, & recording payments
About to start first rehab. I wanted to know as an owner when I pay a individual to do work is that different than when I pay a company to do work. Should I have contracts for all jobs being performed or is it okay t...
Ivan Lai
MACK victim -Looking for a Property Management company in Chicago
Hello all, I have two properties in Chicago area, bought them through MACK and let them manage my properties. I'm one of the MACK victims, they haven't paid me a penny since March and I was slow to learn about their ...
Tiara Murray
Taking it tothe Next Level!
I am planning on making 2010 a banner year, I am think that I am coming down with a bit of analysis paralysis. So to fight it, I am jumping head first into my real estate licensing class (access to the MLS) and I shou...
Ben Lukes
Rent to business + cash up front? Pitfalls?
I have a condo for rent near a military base outside of Seattle in Washington State, and got a strange call today:A man and woman called and asked about the condo. I told them someone already applied and we were goin...
Tim Hawkins
New LLC and EIN vs TIN questions... literally no idea!!!
Hello,
I'm not sure if I've bitten off more than I needed to, but the more answers I get the more questions arise... My situation is this: My wife and I own a single rental property (at this point). All of the assoc...