Curious: How many properties do you typically hold under a single LLC? All of them? 5? Only 1??? What is your reasoning?
Hello, I own a house in Oregon and only my name is on the house. I would like to add my wife to the title in case something happens to me. There is no mortgage.I have called the county to see if I can add her, they ...
Last year was the first time that I filed taxes for my rental portfolio. Call me lazy but I ended up using the CPA which was being used from one of the previous owners of a property I had purchased. I didnt look aroun...
I must admit that I struggle with bookkeeping . I always say that I'll do better on the next project or next year. This drives my husband nuts. One of my 2015 goals is to improve in this area. My strategy is to tackle...
Hi everyone! Does anyone have experience with using geico for landlord insurance? My quote from them is 3x cheaper than the next nearest quote for the same coverage. I have heard there may be difficulty filing claims,...
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For accounting, I use Rentec Direct, which allows me to keep track of all expenses and then prepare reports for all of my properties.The information the system exports seems like it is most of what is needed to prepar...
Throughout the internet, there are too many contradicting responses by CPAs on teen kid's pay for assistance in parents' rental business work. Brandon Hall Vs. Mark J Kohler to name a few. One says that W-2 is needed ...
My wife and I have owned 1 rental property for the past 5 years. So far I've managed to keep good records and receipts for all transactions relating to the rental. I'm looking into the best method for me to keep the r...
Hi guys,I am a guy from Austria (Europe) and I want to start out in real estate. I did a lot of research and read a couple of books on real estate. My problem is that I don't know where I should start. My goal is to b...