Hey BP,Relatively small time investor with 3 properties in an LLC that is member managed by a partner and me. I'm setting up a living revocable trust for my wife and I. She is not a member of the LLC (not for any fi...
BP has a hole (missing info) for property management. I've seen several posts asking for a sample Property Management Agreement. Before you recommend calling a RE attorney or warning that laws vary from state-to-state...
I am looking to inject (contribute) some money into one of my LLC to finance some new acquisition this year.I am refinancing my home (that is under my own name) and will use the cash out as contribution into the LLC.I...
I have several other properties and pay the property manager a fee on total revenue as well as for any supervising they do for work done on the property. I just bought a new property in Florida with a different manag...
Hello everyone! I hope you’re doing great!My question is about renter’s insurance. Is it a must for you? Do you make all your residents carry it? What are some advantages and/or setbacks involved in it? Thanks everyon...
I have a question;
In terms of taxation on income taxes for the IRS, how is rental income treated? For example using AirBnB services?
Let’s say my condo makes 30k/yr in AirBNB before taxes, after all my deductions I ...
When just starting out as a REI business, how should you structure your company?
Sole proprietorship (with enhance liability insurance) or LLC.
If you and your spouse are running the business together, is this a partn...
Should a flipper (who is structured as an s-corp) consider buying additional properties before the years end in order to offset higher than normal profits on a tax return?
I live in PA and have a PA LLC... I am looking at purchasing investment properties in NJ. I was curious if anyone who has done this has had to pay any sort of tax or file a NJ State return? I just want to make sure I ...
I want to run something by the community regarding property management and see if others have done something similar:I’m in the process of figuring out how best to setup the legal structure for a long-term, buy-n-hold...