Arif Siddiqi
Distributions from business account
I have rental income that is being deposited to my personal bank account. After establishing legal entities, I have created a business bank account and planning to divert all my rental income to new business account ...
Charlie Moore
Should I Charge MOVE IN FEE or TRADITIONAL SECURITY DEPOSIT. HELP
- Do you charge move in fees?- Do you ever run into issues with this?if you do not charge a move in fee..... Where Do you end up putting the security deposit? Bank???
Nathan McBride
Poll: Do you accept partial payments?
I own a property management company in Baton Rouge, LA. We are in the process of transitioning over to AppFolio, and in the process we have decided to no longer accept partial rent payments and are instead requiring a...
Aaron Van Curen
Should I 1099 myself if I am my own property manager?
If I own a property under a LLC and pay myself 10% of the monthly rent, which would add up to more than $600 per year, do I have to send myself a 1099 for being the property manager even though I am the sole owner of ...
Amanda M.
Closing my LLC Account
Hi Everyone, we recently just purchased our first rental property and we put it in an LLC Account. We ended up selling the property for a profit instead of keeping it for a rental property. My question is can I go ahe...
Yixue Zhao
5% down single family vs 20% down multi family?
Hello everyone! Newbie here, trying to buy my very first property as owner-occupied and I'm very excited! I have a few questions that I want to get some advice from the pros in our lovely community ^^Background:I'm re...
Henry Le
Transferring money into a LLC
Hi everyone! I've been a long time lurker and first time poster. This question has been on my mind lately and I hope someone can help clear things up.
Let's say I have a LLC established and I want to transf...
Bony Mathew
Inc or LLC as the management company for long term real estate?
Hello everyone,what's your take on creating an Inc (S-corp) as the management company for long term real estate and having separate passthrough LLC's for the actual properties that your buying ? (or should the managem...
Kole Moore
Do you still invest while saving for a house?
Hi there, I have a VA loan and am saving to buy my first house. Saving to pay for the 2.3% processing VA loan fee. Although when saving, do you still invest into retirement and the stock market? Or just retirement? Or...
Mary Jay
Please help with Funds co-mingling
Hi guys,I have a question for all of you... I am trying to avoid funds co-mingling. So what is the best way to do it?I have a house in an LLC, also I have a property management company.Ideally would be great not to op...