Russell Brazil
What is the longest youve gone with out rent?
Now this might be a hard question for some people to answer honestly, because of course we are all perfect landlords who file as soon as our tenants are late. :)I was really pushing it, as of yesterday I had a tenant...
Tom Chapman
Distributing property to save on TAXES
Hi all
I am purchasing a property that is not worth much, but I will be pouring a ton of sweat equity and CASH for the next few years. I will own it free and clear now, and when it is done with rehab. Current value a...
Amie D.
New tenants want to paint
I saw another post on long term tenants that want to paint. I have tenants that just moved in a month and a half ago that want to paint. I'm kind of leery about it because
- They just moved in six weeks ago.
- The e...
Jessica Beard
Use my real estate agent as my property manager?
I am closing on my first duplex tomorrow, located in Bedford, Ohio. I am having trouble finding a well-recommended property management company that services this area. My real estate agent has offered to manage the pr...
Will Gaston
I Have No Idea How To Fairly Split This 50/50 Joint Venture
All:My good friend (and business partner) and I master leased a college student rental property with an option to buy about 3 years ago. We have 2 years before the expiration of the option. The current cash flow on th...
Beth Matherne
Late fees and late rent
Good morning everyone, This is my first month of owning a 10 unit apartment building. It is in a downtown area but not in a horrible section. B-/C area. There is a PM responsible for collecting the rent. In my lease r...
Angela W.
Texas Statute of Limitations Related to Title of Real Property
Texas Statute of Limitations (SOL) Related to Title of Real Property
While not exhaustive, below is a list of liens and judgments along with the Texas Statute of Limitations that may be filed or found in the real pro...
Kaitlyn Askey
Purchasing Rental Properties from Parents
I will be purchasing 5 rental properties from my older parents. They are all currently occupied by tenants and the rent they are charging now is well below the market value. We are working with an attorney and CPA to ...
James Horton
Should I start an LLC for my first property
I have an LLC already, for a separate, future venture, and my wife has a DBA for her teething jewelery business under our LLC. We're about to move out of our primary residence and use it as a rental. I plan on continu...
Sharad M.
Accounting for multiple LLCs?
Hello all,
I wanted to see how you guys are dealing with accounting issues of owning multiple LLCs? Do you have a separate bank account for each LLC you own? Or you have a main bank account for the primary LLC and us...