What is best way to manage a pest problem at one of your properties? Or a really good way of preventing it from happening?
Hi,I took advice from this site and bought a book called Multi-Family Millions by Dave Lindahl. He says over and over that if you buy a Multi-Family property, it is a huge "No No" to manage it yourself, and you should...
This is my first rental property (townhome - 3 units) and I am drafting rental agreements. For those of you with experience, what would be your recommendation on structuring late fees? Should I do one flat fee? Or ch...
Hi, I am a landlord in Orange County, CA and at the beginning of the year I had a tenant move in and he seemed great and always pays on time. We never did do a background check but I believed him when he said he was a...
Hello, We are a property managing company that rehabs and rents our own properties. I am confused when I comes to the categorization of some items. First Repairs/Maintenance and capital expense, from what I found arou...
Does anyone know if partnering with a seller of a multi family building could allow for the seller to defer paying capital gains taxes as follows: I partner with the seller by buying in for a fraction of the fair mark...
Now that you have an asset, let's talk about asset protection. Below are a few strategies I've ranked from worst to best, which offer varying levels of protection. Worst:
- No coverage, held in your name.
Bad:
...
so this company contacted me and offer me unlimited access to a account to ask as many tax questions I want and they offering assistance with bookkeeping and doing my taxes with a app that I can monitor everything for...
I have a SFR rental in Las Vegas, NV that was recently transferred to me by quit claim deed from a parent. There is no mortgage on the property, it is owned free and clear. It is worth close to $400K and I want to g...