Carlos Yoneliunas
Time to Make a Business: LLP vs Corperation
I'm buying three rentals in wetaskiwin, I just realized i should look into incorporating or LLP's. after this I will have a total of 4 properties and 5 doors. I was curious on what might be the best methold of structu...
Ryan Vienneau
LLC structure for separate holding LLC's, property management LLC
Need help from the accountants out there, there are a lot of posts on this topic but none I could find that address this question and my CPA wasn't much help (may need a new CPA)...I just moved my buy-and-hold rental ...
Audrey Wardwell
Purchasing a Property Mangement Business
I am looking at purchasing a property management company. Im currently in the process of reviewing the companies financials. I am hoping to gain advise on how to value a business, particularly a property management ...
Frank B.
QuickBooks set up for Rentals, separated and consolidated?
I have done lots of reading around here about folks using QuickBooks for their rentals. I am interested in doing something similar, but I’m not sure I understand the capabilities of the different versions and how thin...
Account Closed
Help needed: Insurance/Hiring a contractor- things to watch for
I am in the process of hiring a contractor to build a detached in-law unit. I spoke to my home insurance company (AAA) and they mentioned that they do not cover anything related to the new addition (no liability and n...
Guy Yoes
Co-mingling funds: do's and dont's
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...
Steve Welsh
Using One quickbooks file for both management and holding LLC's
Hey guys, Quick question. Currently I own two properties (my personal property has a secondary unit that we rent) and I bought a SFH a few months back that we are renovating now and have a holding LLC set up to own th...
Mindy Jensen
Please protect yourself from scams!
A friend who is not an investor is buying a house to live in. This is her first home purchase.She has had a less than stellar experience with her agent, her title company and her experience in general. At the last min...
Nicholas Chan
How do you structure your STR business if you have more than one?
Hi all,I currently own 2 STRs properties (1 in Seattle, WA, and 1 in Big Bear City, CA), Both companies have a separate LLC, and on top of that, I have another LLC that I use as a holding company for the two LLCs abo...
Account Closed
Property Manager Seeking a Broker
Hi all!I am currently a Property Manager in the multifamily market in Memphis. In January, I will be transitioning to a Residential Property Manager for a new property management company. I am in the process of gettin...