I set up a parent LLC (not a series) for my properties (each have a LLC). I have a separate acct for each door. Each account has a checking and savings. the savings is for deposit escrow. If I move my rental income to...
Hey guys I have been a full time wholesaler for the last year, my question is how do I stay safe? I had a couple "buyers" want to meet me at a house must be on my email blast, and I Showed up two young guys definitely...
I am confused on this topic and I would like some input. I am going to acquire a few long-term rentals over the next few years. All properties will be acquired with a mortgage. Initially, I was sure I was going to cre...
Hello BPers,
So I have a few contracts that have been attorney reviewed and want to be sure I have everything I need. I want to know what is needed to close or assign exactly and I will be closing with an a...
Trying to evaluate the benefits of NNN single tenant investments so have a few questions:1. Are landlords of commercial real estate (especially single tenant NNN lease) less likely to be a target of lawsuits? I'm gues...
Ok so I was having this debate with a local landlord and I’d like to hear your opinion…. You charge $25 for your application fee. You show the house to a nice couple and they want to apply but they don’t speak, read o...
I am new here, and apologize in advance if I am posting in the wrong forum or topic.From what I read, most of us, and for most rentals, we should report it in Schedule-E.However, my property management company is not ...
For most of my properties I have utilities automatically switched back into my name when tenants move out. This helps to elimate service being cut off and then going through the hassle and expense of having them reco...
Hi! I wanted some input on tenants installing a washer/dryer. I've read a few posts and I don't want to maintain a washer/dryer. However my broker asks if tenants can install their own to get a higher rental price. Mo...
Hi, I have a trustworthy tenant who is interested in installing a car charger. The unit is in a large, multifamily complex with subterranean parking. The assigned parking spot is nearly 300 feet from the electrical ro...