Bryan Hancock
Salary/Dividend Split - How Does It Impact Social Security Eligibility?
If one sets up a LLC and takes a salary/dividend split via their LLC does all of the money get counted to determine eligibility to continue to receive social security payments? Or....does just the salary portion get ...
Andrew Jones
Evict now or wait?
I got this message from my PM today:
"The resident in unit 3 has not paid his monthly rent and owes $50 for last month. I just spoke with him on the phone and he said that a couple years back someone had used his so...
Wenliang Fu
Have question regarding covid-19 in Ohio, relief package?
Hello,
Long time reader and first time poster, first I'd like to Thank everyone for reading.
Im a small time landlord in the Ohio area, with the governor issuing new closures everyday and recommending social di...
Adam Martin
Using RentPrep in Kentucky/ Does not pull from Criminal Databases
In the past I have always used Zillow for background checks, most leads came from there and it was easy plus I felt good about them being able to re-use the app for 30 days after they ordered for other landlords. I f...
Eric Williams
W-2 Income and Depreciation Offset - HIGHLY UNLIKELY
It makes sense to want depreciation to offset ordinary income.
Here's the kicker:You need to establish that you are real estate professional. Then you establish material participation.There are two tests to a real es...
Ann Skaggs
Did not sign lease 7 months ago now landlord hot and heavy
Basically, 3 months ago I asked for repairs to my unit. The landlord went bat shit. Telling me my backyard was a common area and it was not mine. The dishwasher has not worked since I moved in asked for repair. Asked ...
Sharnell James
LLC ??
Before you make you first deal either flipping or wholesaling do you think that it is best to make a LLC ?
Bob Evans
Hiring an employee (son) with S Corporation
Hello,
I have a question and was hoping someone who is knowledgeable about running businesses (especially S Corporations) might be able to give some advice. My wife and I are both retired and own an S Corp from when ...
John Teachout
Turbotax won't offset my rental income with my multifamily syndication losses
Can't figure out why when I enter my significant syndication losses into Turbotax it won't show the losses. I have losses of about $73k and net rental income of about $69k. The turbotax tech said it's because I'm not ...
Keith Mintz
Anyone investing in Co-living?
No one really talks about co-living but it is a great way to increase rental income by 25%+ and turn your house into purpose. I have been doing it for the last year and it has had great results! It is fairly easy to s...