Already started my first House Hack, subdivided my house into a duplex and am renting my garage to a small furniture company. Looking for advice on setting up accounting, (have quickbooks and separate accounts already...

My partner and I live in Alabama. We’ve been given the opportunity to purchase the house we’re renting with seller financing. We need to take advantage of this now before we lose it. However, my partner has some c...

Hi everyone, I'm looking for any legal references that can help me answer the following questions and provide guidance as to whether this approach is sound or needs adjustments: -What is the entity structure for manag...

I was doing some research on land trusts and came across the definition of a community land trust. From the Grand Forks Community Land Trust website we see that a CLT is defined as "community-based 501c3 nonprofits wh...

Curious as to why you should or should not require tenant to have a renters insurance policy? What is the benefit to the landlord?

I have 2 rental units with the cash flow of 36k a year. I am thinking to add some more rental unit. My question is, should I keep it as a schedule C on my tax report or create a legel business such as Corp. or LLC ? A...

I have spent hours reading and cant find this answer. I've talked to 3 CPAs and they all say it depends (given, I haven't paid them it was an initial consolidation for each firm). Please. I need an easy answer. This i...

Personal house - estimated value of 500KLLC properties - 13 at 650KThanks for your help 

Hi , I have two rentals I own right out. one is a house with land and the other is a mobile home on leased land in a very good location . I just created an llc for these properties per my accountants recommendation he...

Hi Team! Hope everyone enjoyed the holidays.
Okay, this has been covered to some extent at length, but it’s been difficult to decipher the exact information I’m looking for. I hope this can be helpful for other peopl...