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Does anyone else contemplate starting their own property management company? On top of your career, REI and everything else does anyone else have these desires? Round up investors and take on a few more tenants. I mea...
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would a house hacker be considered a real estate professional for tax purposes?
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Hi. Has anyone established a company (llc or other) to manage your own properties? Does it help from a tax perspective? Pros/cons etc.?Thanks.
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Hello, any recommendations for a real estate bookkeeper in Columbus Ohio? Not looking for someone to file taxes, but rather someone to manage all invoices and input into P&L statements for my CPA. Thanks.Jaime
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HI Bp,
First time investor here. I have a sfh in Lubbock Texas. So I would like to run it across people in Bp to get some opinion. It is a brand new sfh for 327.9k with tenants in place. The neighborhood is Quaker av...
I have noticed that a significant number of people into rental real estate also one their own property management companies. My wife and I have a few properties that we currently manage. Is there an advantage to makin...
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I work full time for a property management company as a property manager and was recently offered an opportunity to work in corporate. My job title would change to "Systems Manager" or something similar. I also hold a...
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I own a few properties (SFR, duplexes) in various states: CA (2 multis), FL (2 multis), TN (1 SFR). All are sole-proprietorship. Some are paid off, others have mortgages.1: How would you structure these in LLCs (I kn...
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We are sure you have noticed a number of changes in the real estate industry during the past 14 months of Covid. Some of these changes have benefited the 3rd party property manager and some have hurt. Here are five ...
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Scenario: I have 3 properties managed by on property manager. I receive one 1099 for all properties at the end of the year. I am using a CPA to do my taxes. How should the tax return capture each property separate...