Shawn H.
SMLLC Tax election with CPA
I created a Single member LLC at the end of last year. I called my CPA to ask about any consequences transferring from husband/wife to SMLLC (myself as the sole member). He mentioned that I would have to choose partne...
Derek Mendez
Loaning money to multi member llc I’m in
HiHad a tax question I’m trying to wrap around.If I loaned money, such as cash at property closings or my credit card for llc to use. Besides reporting any earned interest I get; if the llc goes under can I write of...
John Liaaz
What do property managers NOT deal with?
When I ask people why they sold a good cashflowing property, I usually get a response that “there was too much headaches with it”.
What does that mean if the property is being managed by a PM? Are there things that t...
Dave Dawber
I know its been coverd but.......Managment software
Hello,I have multiple properties that I own or sublet. I run recovery houses for drug addicts and Alcoholics. My house have 2 beds per room and rent is collected weekly. I have yet to find a software package that wor...
Nik S.
ConstructionProposal....Fair Price?!
Hi everyone!At one of my APT buildings, I have a 2nd story catwalk that needs replaced. The previous owner used NON-Pressure treated plywood and laid some regular carpet down on top of it. Problem is the carpet above ...
Mary Jay
Moral dilemma on eviction
Hi guys,I did an eviction today on one of my properties and the judge ordered the tenant to leave my property by April 3rd. The tenant owes me 5K in rent.Should I send this to a collection?I am a Christian, the Bible ...
Andrew A.
Regional Tenant Culture and Mindset from California to Cleveland
So it's been over a year here in Cleveland since I booked my one way flight from San Diego California. I decided to come to Cleveland with my savings without a job but with a goal to earn passive income through real ...
Patrick Verville
What to Include in my Letter to Heirs
Hello BPer's,
After years of research on investment properties, I am looking to finally take the plunge! I have come across a home in my city that has been sitting vacant for some time. I did some research through th...
Nathan Gesner
Racist Landlord from Hell
Racist ‘Landlord From Hell’ Tortured Tenants During Pandemic, Lawsuit Says (yahoo.com)
How does someone become such a bad human being? It's hard to believe he's lasted this long.
Richard Xiong
Pay off Bad Debt or Start Investing?!
Hello BP! I need some advice!
I recently sold my primary home to start my investing career. Before I do I was hoping to get some feedback on what to do first.
Do I pay off my bad debt first and recoup my capital by ...