Hello! I have a house that I rent out mid-term, and I always rented it to families etc… I was contacted by a company who wants to rent it for their executive from UK… How do I process it? I can’t run a background chec...
Good morning BP
Im attempting to keep accounting for our first SFH rental. We acquired the property oct 6th and have performed some repairs. The problem im having is the money we leveraged for property purchase and r...
Hi all! I am just about to buy my first property in the Austin area, and I want to make sure I have everything I need in place before closing. I am looking to set up a checking account so I can keep my finances separa...
This summer I'll be selling my home and moving into a new construction. The home I'm in is paid in full, so I'll be collecting the full amount of equity; about $225,000. I have a buyer lined up already and my new cons...
I created the LLC and have transferred the title to the LLC. When I called Allstate and asked them to transfer the property to the LLC, they are saying that AllState policies does not allow a business to be listed as ...
Curious what to do with the Vacancy, Repairs, and CapEx monies you withhold/save from rentals? Seems that one would want it readily available when the need arises, but also put the money to work as well. What do you d...
Just curious as I'm about to start renovating and BRRRR my second property. I'm wondering is it better to just open another checking account to keep it separate from my first home? Than just continue to do that going ...
I am purchasing a ohio property in my personal name, but want to pay for all expenses through my LLC. Can I use my LLC for earnest money deposit? or will title company frown upon this? Also, does it matter that the ...
We recently invested in a hotel group and put this under our business; we used personal funds to fund initial investment, and we receive dividends from this investment. How would you account for this in your books?
I have 6 rental properties & have been advised by an attorney group to open 6 separate LLC's . All the deeds will be transferred into the LLC's . This is causing absolute chaos for me now with my insurance compa...