James Park
Premium Account - https://www.biggerpockets.com/profile-stats
I recently noticed that one of the features "Profile Stats" in the Pro Account has been changed. You were able to see who looked at your profile. Is this feature still enabled in the Pro Account? If this feature is r...
Account Closed
Sold a house, but can't cash the check from title company
Hi everyone,My friend, who lives overseas, sold his house in Kansas City and the title company wrote him a check. My friend does not have a bank account in the States (and is unable to open one since he is not a resid...
Greg Todrank
Setting up holding company after 10th LLC
Searched the forums, but couldn't really find an answer to my questions about setting up the accounting around a holding company.I currently have 10 rental properties / 10 LLCs. I have a holding company created and w...
Matthew B.
Entity Structure for Flipping - Operating Company?
I've had several attorneys and CPA's mention that house flippers should treat LLC's as disposable - that is, flip a set amount of houses with an LLC and then create another LLC and let the previous one dissolve.The pr...
Mary Jay
Property management's name on the Lease?
Hi guys,do I put property management company on the lease (I am an owner of this property management company)? Or do I put my LLC that I quit claimed the house to on the lease as a signing party?Who signs the lease w...
Dylan Tanner
How Are Tenant Funds Handeled?
A good client of mine asked me to manage his small commercial retail strip. I haven't had a property to manage like this before so my main question is how is the rental income handled? Does the tenant pay my compan...
Michael Lopez
Hit a Tax Roadblock and I don't know what to do
I am hoping there is an accountant that would be able to assist me with my question because I have hit a roadblock. A couple of years ago I created a Solo 401K account using funds from a frozen pension which was rolle...
Sonu Sharma
Parent LLC with Series LLCs under it
Hi, I set up a new LLC with a series for each of my rental properties under it. Would anyone know if I need to setup a separate EIN number for the parent and each of the series under it or just have an EIN for each of...
Nikhil Agarwal
Flow of Funds with Property Management Companies
QQ on how property management companies work! Typically, do the tenants make payments to the property management company (and then the property management company forwards the funds to us (owner of the unit)? Or does ...
Lear R.
New Property Management Crafty Book Keeping Is This Normal?
Hi, I currently have a relationship with a property management company that has implemented a new accounting practice, that basically puts previous tenants accounts recievables to the property management company direc...