Johann Jells
Advice on restructuring into an LLC(s)
My wife and I are looking to put our RE holdings on an "active" business footing, form an LCC (or one per held property?) and file taxes as a business rather than filing a form E. We have several reasons for doing...
Bryan Hancock
Excess Loans Over Basis Tax Treatment For Wrap Sales
Okay...So I have been studying this problem for years since I started doing sub-to purchases/wrap sales and it gets more confusing every time I look at it. I was hoping one of the tax wizards on the board could expla...
Whit Hill
How to determine cost basis? Help!
My husband and I have just sold our longtime home in Michigan. We moved to Tennessee in 2008 and have been renting it out for the past 7 years. Here are the basics: We bought it for 130K 20 years ago and just sold it...
Fay Chen
CPA or Bookkeeper?
So I'm starting out with one SFR and looking for someone to help me with taxes. I found a few bookkeepers who also prepare taxes. One of them is a real estate investor himself! Can anyone help explain to me the practi...
Mark Mallek
Cost Segregation Software versus Engineer
Hello,I’m looking to have cost segregation done on a valuable single family rental property.The price we paid for it less than the land is just over $500k which is the limit for some software.I’ve gotten estimates for...
Thomas Staub
What’s the best technology to manage properties w/o prop mgmt?
I’m trying to find a way to manage properties remotely without using a property management company. Is there any tech out there that helps with this?
Heather Whittaker
Short Term Rental Accounting
I've been considering hiring an accountant to handle the accounting for my short-term rental properties. For those of you that have hired an accountant, was it worth it? Also when looking for someone to handle my book...
Collin S.
Software for Airbnb Cleaning
How do you guys keep your cleaners on schedule? Any software recommendations to share your booking calendar with your cleaners to keep them on schedule?
Jon L.
Some Tips On How to Detect and Prevent Fraud at Your Rental
Here's what your should be looking out for at your rental property:
Scammers will sometimes list a rental property that isn't their own on Craigslist or another open listing site that has vert limited restrictions...
Daniel Reyes
Outsourced Property Accounting
Hello BiggerPockets Family,Whether you are a smaller (or larger) property management company, a self-managing multifamily developer, or a sponsor/syndicator - Property Accounting can oftentimes become a significant co...