Oren K.
Accounting Question - Eviction losses
For you accounting types;I was going through the 12 month P & L (cash basis) of my property (39 Unit) and found that I did not fully understand the delinquency line. In speaking to the PM company, I was told that ...
Kevin Price
Quit Deed or Warranty Deed (2 questions) - timing and differences
Hello.I have 2 questions actually. Give situation then go from there.I have a house I am going to be renting out. Currently it is in my name still and everything. I am wanting to make sure I provide myself enough p...
Korey Moore
Processing Applications For Rentals
Hello,I'm currently renting out a unit in Utah. I've been using a Private Investigator for checking backgrounds and other things. I now am doig this stuff myself and am wondering, how do I do a credit report on my own...
Stetson Anderson
Flathead Lake/Flathead County Montana
Hello! My name is Stetson, I have been wanting to take a leap into short term rentals and was interested in seeing if anyone had any experience in Flathead County specifically around Flathead Lake, MT. Disregard the l...
Matt Liu
Tax benefits of keeping management separate?
Why do many investors say that you should keep your property management business in a separate LLC for tax benefits? What exactly are the tax benefits?
I do so the logistical benefit - if you have many proper...
Tara Lambert
Who can receive referral fee?
Hi All,
I've recently gotten my NC Real Estate License and am looking to invest in my first vacation property in Gatlinburg, TN. The agent I've been speaking with there, says I have to be actively working under a ...
Charlotte Lucchesi
Investing with an LLC/Corp
It is my understanding that if an LLC is formed in Nevada and I buy property in another state I will have to register as a foreign entity. I believe that in CA this is the same annual fee, 600.00 that is charged to a...
Rusty Scott
Tax Treatment of Agent Commission on Own Purchases
For those licensed agents out there....when you buy a property for yourself, either personal residence or investment property, you typically receive the buyers agent commission.Is this considered taxable income? Or is...
Joel Bechtel
Seeking Advice on DIC and Excess & Surplus Coverage for 7-Unit Property
Hi BiggerPockets community,I’m currently evaluating switching to Allstate for coverage on my 7-unit multifamily property built in 1974, as my current carrier increased my premium by about 86% despite no claims. Howeve...
Nicholas Fehr
How much do you pay for cost segregation studies?
I've reached out to three companies who perform cost segregation studies and only received a response from one of them, despite my attempts to follow up with all of them. I received a predictive analysis which outline...