Larry Flanagan
Fringe benefits to reduce income taxes
I got a $65,000 income tax bill today. Is there any way my business can provide me with some deductible fringe benefits like a company car, health club membership, life insurance, etc?
Elizabeth Turner
Damaged tub due to Command Strips
I had a renter put 4 command strips in one of the tubs in a rental property. When the renter tried to remove the strip, it created a hole. Patching the tub wasn't an option. We ended up replacing the 30 year tub. It c...
Amy A.
EDR Collateral Screen problem with loan
I'm refinancing a 5 unit apartment building and the bank just started doing "EDR Collateral Screening". I think EDR stands for "Environmental Data Resources". The result is quoted below:
" EDR collateral screen out...
Eric Barnett
New Marriage - To form an LLC in addition to existing LLC/S Corp?
When I refer to a new partner I mean a future spouse (fiance) who I will be investing with. My goal is to be able to deduct business meals, travel, etc. that we already commonly do. I currently work in energy consul...
Dawn Hall
SDIRA Rental Property Security Deposits
I have an SDIRA LLC with a business checking account and am about to purchase a rental property.
Do I keep the Security Deposits in the SDIRA checking account or do they need to be kept separately?
I'm considering m...
Randy Smith
Goal Setting for The New Year
With the new year just around the corner, the buzz around goal setting and new year’s resolutions has started to increase as it does every year. Many people will set goals only to look back in a short time with disgu...
Shiloh Lundahl
Best/favorite things to add to listing to increase STR bookings
We have 4 short term rentals. Well 7 if you count the additional houses on 2 of the properties. Anyway, I got started last year with our first Cabin in Lakeside, Arizona. This is a semi-luxury cabin with 7 bedrooms ...
Erin Whalen
Sheriff's Sale in Ohio
I am looking to buy my first property at a Sheriff's auction. A real estate agent/cousin of mine that also has bought at a Sheriff's auction told me that counties in Ohio release all liens. Does anyone else have any...
Mira Gorlovsky
SEC 8 tenancy addendum
Hello BP,I have a SEC 8 tenant that resides in the unit for 6 years. This unit failed inspection this year due to tenant's damages to the property. Tenant said that she doesn't have money to repair. The lease will b...
Caroling Lee
Tenant Screening Services
Hi BP Community:I'm interested in getting recommendations on Tenant Screening Services. I recently read through the forums and read that TransUnion's tool, SmartMove was recommended by BP, so I tried it, and I have to...