Jef A.
Property Management Cashflow question
I have a property and i hired a property manager to deal with it but i dont see how this scales well. Lets say i have a property that i am paying $1100 a month in mortgage. I am asking $1400 a month for rent. I hire a...
Davit Gharibyan
Corporation or LLC
Hi, I have an LLC that holds the real estate and the other LLC is handling the management (getting rents, sending payments, etc.). As I was preparing my taxes, my tax professional advised me that management LLC is red...
Jason R.
Business Structure and expenses
I currently have one property rented out, I own and manage it under one LLC (I am the only partner). My question relates how to properly pay for and deduct business expenses across multiple entities. Especially if the...
Stephen McDonald
Quick question about expenses in analyzing
The 50% rule covers expenses that are related to the property, not HOA, Property Management, or Debt expenses. Do those unrelated expenses get factored into the NOI?
Ben Breuner
How to handle accounts/taxes on a joint ownership property?
My partner and I are unmarried and just purchased our first rental property. We live in California, but the property we purchased is in Kansas City. We're working with a property manager and I want to ensure we get ou...
CJ Witmer
Basic accounting software
My wife and I started an LLC and I've just emailed our lawyer to draw up a sales contract for a duplex. So, we're going for it!
I also just listened to podcast show 88 and they discuss software a bit. I've been loo...
BOB CRANEY
Is Multi unit pricing to high?
I have been researching recent sales in the Baltimore area for Multi unit apartments from 20-200 units and it seems the per unit pricing is to really high compared to the rent. With properties built in the 1960-1970 t...
Christian Beyer
How are you Paying your Property Manager?
Hey BP,We have 7 units at 5 properties and have just hired property management. We are now figuring out how we can pay her and account for it in quickbooks and our checkbook. Does anyone have experience dealing with p...
Dan Cumberland
What do you think of this management fee structure?
Hi everyone!I'm shopping around for a property manager for my first managed property. I really like everything about this company except the fee structure. I'd like your input:They charge 9.9%. Thier leasing fee is...
Scott Hawks
[Calc Review] Help me analyze this deal
Think this is a good first deal. Just wanting input from others who have already done deals.View report
*This link comes directly from our calculators, based on information input by the member who p...