Lucas A Riemens
Tracking Expenses for Tax Purposes
I am looking for advice on how best to track and structure my expenses to get the most tax benefits. Currently my wife and I own two properties in the Cincinnati OH area and have just completed the renovation of our ...
Pope Lake
Accounts for monthly expenses
When setting aside money for expenses that aren’t necessarily incurred monthly such as capex, repairs and vacancy - where do you store these funds? For example, is there a separate account that you maintain and lump a...
Minne Carlton-Purnell
Do landlords have different entities for each property
I own a two flat now in my name. I will transfer it to my LLC name next month. Now I’m looking to purchase another property. Should I get another/different LLC for this next purchase.
Coia Walker
First Time Multi-unit Owner/ Househacker
Hello,
I just purchased my first multi in Baltimore that is fully rented at the moment. I'm not sure where to start. I will be living in a unit as soon one is available. I'd like to start by getting the locks chang...
Kumar Paj
Attorney & CPA recommendation- Chicago (Western Suburbs)
Hello BP.....I am reading a lot about Series LLC and plan to put all my rentals under Series LLC. I talked to my attorney and CPA but they seem to less/not familiar with the concept of Series LLC. I know, it is easy t...
Terry Sweeney
Starting a new partnership
My business partner and I have found another investor interested into going into business with us. Although we would prefer to use him as hard money lender, he would like to purchase rentals with us instead. How shoul...
Michael Coritz
What is the proper type of bank account to run my rental through?
Hey everyone - new investor with some basic questions. I know this probably sounds pretty elementary, thanks anyways!
I have one rental property that was purchased with a VA loan and was my primary residence for 15 m...
Viron Hale
LLC and Banking account
Hello BP family,I just started my LLC and now looking into setting up a bank account. I'm going to use a local bank, my question do I need to set up a business bank account or can I set up a personal account for my LL...
Nnamdi Mowete
HELP! Water heater questions
My property is a single family home that was converted into a duplex. Because of this, the property has one gas water heater. Recently, the city of Wilmington inspected my property. They said that because my home has ...
Kent F.
Taxes & insurance escrow accounting ... and Stessa
I'd love to hear others' approach to accounting for property taxes and insurance. I have about two years experience managing my two triplexes with separate loans for each property. Currently my T&I are escrowed wi...