Sheba Shimoji
Pay my own property management company
Hi, I have 17 unit rentals and I have set up a S-corporation acting as property management company. The average property management fee in my area is 10% of the rent collected. How much should I pay to my corporation ...
Sean Dezoysa
Property Manager vs Realtor
As you guys know good PMs are rare and can go bad over time. I wanted to ask what added value that finding and maintaining one, might have over incrementally breaking down their functions to others:
1. Showings and l...
Alex Ballesteros
All my money tied up in investment accounts
I have close to 95% of the income that i have saved over the years from working my W2 job tied up in my investment accounts. ROTH IRA, Simple IRA (thru employer), and in my personal brokerage account.Obviously since t...
Amy E.
Return of Capital or Profit Distribution?
We have a multi-member LLC are at the point that we want to begin taking money from our rental business. We can choose that the return is either counted as "return of capital" or "profit". If I take a return of capi...
Tucker Olen
Credit Card for Rental Property
Hello all, I have a question about getting a credit card strictly for rental property expenses. I’m 20yrs old and have one credit card for personal use, but I recently began managing my fathers rental property and wan...
Christopher Foster
Any Investors Using Or Have Used Hard Money in Southeast Mi
GOOD TUESDAY, TO EVERYONE!
Are there Any Investors Using Or Have Used Hard Money in Southeast Mi that can make some solid recommendations on the best strategy to buy and hold a multiunit with Hard money?
Michael Kambic
Creating an entity to contribute to a 401(k)
Hello,I do real estate flips currently under my own name (I know lots of liability risk), but the up side is I pay capital gains tax at a lower rate then a pass through LLC.Can I create an LLC that has no income, so t...
David Nacco
Setting up an LLC as a real estate agent
Does anyone have any experience setting up an LLC for their real estate agent business? If so do you have any reasons why you would or would not do it again or why you chose not to in the first place? I am considering...
Barrett Lund
Newbie Landlord Dealing With Tenant Requesting to Break Lease
I leased out 4 of my units to a single renter who transformed the units into STRs. I was fully ok with this, as I wanted to be as hands-off as possible. Long story short his business or business model is failing and h...
Jesse Holshouser
Should I refinance or pay off my primary residence?
I have a general financial/psychology question. A bit of back ground, I have owned 3 homes and a couple of rental properties. I currently only own my primary residence. It is a 6 acre farm with a brick ranch. We have ...