Alan McClain
Making repairs before renting unit
Hello BP community,I have a duplex and SF in a transitioning neighborhood with a property manager managing the properties. The SF and one side of the duplex rented very quickly once placed on market as they were rent ...
Tomas Calvino
Ideas for Standard Operating Procedures
Hello everyone,So I'm getting ready to start working on a standard operating procedures manual for my business. I only own and manage one rental property right now but I plan on having a lot more and it is never to ea...
Andrew Marsh
Should I Take Ex-Tenant to Court for Unpaid Rent
Hello Investors,I would appreciate some advice on my situation below. I would like to know if it makes financial sense to take my ex-tenants to court for late rent payments or just cut my losses and move on. Here is m...
Joel Owens
Brick & Mortar Retailers achieve level playing field- sales tax
The Supreme Court delivered a major victory to the retail real estate industry on Thursday, ruling that states can require most online retailers to collect and remit sales taxes. This overturns an earlier decision hol...
Brandon Tedford
Preferred method to collect rent?
What is the preferred method to collect rent? What program do you use? Is there an all in one app/program that tracks payments, expenses, and maintenance that makes it easier that is cheap or free? Thanks.
Catherine Brennan
Paying rent upfront
Hi BP Community: I may need to consult with an attorney on this, but I was informed by a property manager that collecting rent in advance (ie 3 months, 6 months, etc..) could pose a problem for Landlords in Chicago d...
Jin Park
Series LLC Cashflow Question
My residency is in Atlanta and my two investment properties are in Indiana. Based on my meetings with the attorney, I have created two sets of legal entity. 1.Traditional LLC in Georgia (Operating LLC)--> This has ...
Amit Friedlander
Info on Collection Companies
Hello,
I am seeking info on Collection Companies. I have heard that they can persue contractors that have not held their end of contracts and done poor job. Anybody have experience with these companies?Is it better t...
Abhijit Dey
1099-Misc & Schedules for Property Managers
I am getting some conflicting advise regarding this, so wanted to ask Tax Pros & fellow Property Managers for some advice & real life examples. Say we have a client for whom we have in the year 2016:
Collecte...
Ryan McBride
Tax deductions when running errands for my properties
During the first week of the month, like most landlords, I'm tasked with collecting rent, paying bills and utilities, and as always, looking for more property to acquire.
I have never expensed lunch when i'm out and ...