Andreas W.
Cozy screening tool question
I have got a question in regard to the screening tool that Cozy offers. When the prospective tenant orders a background check and credit report, does Cozy send a copy to you or does the tenant forward you the report?...
Pilar Jin
Stupid question, but I will ask: is it better to contact as many as possible banks to get mortgage?
Hi Everyone,I am seeking to buy my an investment property to achieve positive cash flow, targeting $250k - 300k SFH. As a foreign investor, I can only get 50-60% down, 2/1 ARM 4% mortgage from the lender finances my f...
Azita S.
Do I Need to Issue MISC-1099s?
As an individual owner, do I have to send 1099 to individuals I hired to work on my rental properties? I know as a Corp or LLC, I do, but no sure as an individual owner if I'm supposed to send them 1099s.Thanks,Azita
Shad Rich
LLC Partnership Tax Deductions - Where To Deduct Shared Expenses?
I started an LLC partnership two years ago for rental real estate investing. The LLC currently holds two properties, one of which has been put into service. The properties obviously have their specific income and expe...
Steven Werner
Best accounting software to use?
I am in the process of selecting a software system to use for a multiple property and growing portfolio. I understand QuickBooks and from what I have read from others is that the new subscription-based version is not ...
Joseph Woods
Best landlord rental accounting software (NOT management software
I will soon be purchasing my 1st SFR. I see many options with good reviews for the management side (particularly Cozy and Tenant Cloud, for example). However, I will using a property manager and am not looking for t...
Rich Emery
Seeking partners for Cincinnati cityview development
I own a plot of land with Cincinnati city views and am seeking financing/equity partners to develop the property. The property is in Newport, KY in a ripe area for development. Dozens of multi-million dollar homes a...
Jeff Costa
Broker Does Not Have P&L for properties
I contacted a broker about two mixed commercial/residential units being sold individually out of a portfolio of 15 properties. I asked for a T-12 for the properties and was told: "I do not have a profit & loss rep...
Josh Cochran
Setting up Partnership to 1031 individually at Future Sale
How does one set up a real estate partnership so if that partnership eventually sells, each member can 1031 exchange their individual share at a future sale?(It is my understanding that typically partners cannot 1031 ...
Olivia Piper
Report owner distribution for passive rentals on Schedule E?
I own a couple rental properties in a single member LLC. If I need to withdraw some owner's capital, which as far as I understand is not a taxable event, should I report it in Schedule E on tax return? If yes, how do ...