When we first started out, we employed resident managers on our properties. We had a 25 and a 36 unit, and each had a resident manager that we issued a 1099 and paid a percent of gross revenue. As we grew, we replac...
Hello investors, Should I create an LLC to start buying properties with? Specifically, the plan is to buy single family and small multifamily homes to rent out. What are the tax benefits of buying these properties und...
I have a contractor who claims some wire and can lights were "stolen". The cans had been sitting in the garage for weeks and he called me today to tell me 8 are gone and 2 are remaining as well as 2 rolls of wire. The...
I am holding my properties in my own name, no LLC etc. For protection, I have a massive landlord and umbrella insurance (1m, 2m respectively). For simplicity, I have a website with "business name" which lists all the ...
Hello,I would like to know what are the disadvantages of renting to someone having pets.My family loves pets but we don't have any pets.I found a prospective tenant who has a dog,What are some major disadvantages of h...
We all love these guys right? Well after non-payment and being served with a pay or quit notice multiple times, and direct instructions to the old property managers to evict immediately. One day I went to the pro...
I'm starting to rent out my granny unit as a short term rental. I have two units on the property, and live in one of them. Hello the beginnings of house hacking! I want to buffer myself and my assets, and have been ey...
What do you think if the new requirements instituted by AirBnB? I thought AirBnB was a marketing platform, but they apparently see themselves as much more, with the ability to dictate how I manage my own property. I'l...
Hello! My husband and I posted our first rental property (single-family home) yesterday and decided to NOT allow pets. I received a reply from someone asking if I'd consider. My immediate thought was no. We are being ...
We have a guests coming next month from England. They have expressed an interest in shooting since they are really not allowed to over there. They say they have purchased travel insurance that specifically covers this...