Elliott Back
taxes with house hacking
I have a situation that I am curious about. If i have a duplex and it has a mortgage of 1000/month and I am able to rent out one side for 1000/month and I live in the other side, would i pay taxes on that 1000? If i r...
Erik Sherburne
Paying myself as a property manager
I have been managing my own properties, can I pay myself as a property manager? Set up a different business? Pay my wife?
Kerns Churchill
Travel Expenses and Tax Deductions
Hi Everyone,New investor here. Just bought a SFR rental in Mesa, AZ and I am already doing some tax planning. I live in California, so I plan to drive to my rental property and I had a question regarding travel expens...
Jonathan Orr
CAMs from a commercial property manager perspective
Hi BP
I wanted to get your opinion on what is included in Common Area Maintenance fees (CAMs). I know that most if not all fees for the maintenance and care of the property are included. However one thing I am wonderi...
Derron Taqee
Was Kiyoski right when he said a business owner can pay themselves first and the gov taxes whatever is left?
So I just finished reading Robert Kiyosaki's Rich Dad Poor Dad and he stated something about how business owners pay taxes vs how 9 to 5ers pay taxes. He says 9 to 5ers pay the gov first in taxes and they get whate...
Heather U.
resources for a simple method for tracking rental expenses/income
I have 4 rental properties just recently purchased. I jumped in and am just learning as I go. I know I need to get my tax "stuff" in order and develop a good system to keep track of all of this. I am a pretty meticu...
Mary Jay
What account do you use to pay your mortgages on your rentals to avoid comingling ?
Hi guys,
Ive been trying to figure out how to pay mortgages on my rentals to make sure there is no co-mingling of 2 different LLC's funds or my personal funds with those LLC funds.
So lets say you have a house that ...
Jeff Thompson
50/50 rental - late filing. partnership? Schedule E?
Hi everyone, new here, looks like a great resource to the avoid the mistakes I'm dealing with now...
In late 2008 My father and I purchased a property 50/50 down payment initially(we're both on the title), since then...
Chris McHaney
EIDL Use of Funds and Real Need?
We have been approved for the EIDL loan, but after taking a look at all of the requirements for use of funds, I can't see how it's advisable for landlords to take this loan, unless you are truly in need, hence the ter...
Sofia Sharkey
COSTS TO CONSIDER WHEN ESTIMATING SHORT TERM RENTAL PROPERTIES
Hi all, I see many people asking in these forums what costs to keep in mind when estimating a property that will be turned into a STR. I compiled the list below with the most relevant items in my experience. What cost...