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I will be closing on a Triplex in two weeks and had a question regarding the separation of metered water. Currently the owner is paying the WSG which totals about $1,200-$1,400 every 2 months. This is a large expense ...
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Has anyone had any luck renting out a storage for one of your rentals separately from the rental itself? My condo has a small storage space that is physically separated from the condo; I think it would rent for an add...
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Hello!I am about to close out on my first rental property and wanted some advice on storing the cash flow every month. Should I open up a separate bank account? Or is there like a certain type of app that you guys use...
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Hi there,I have a question about how hard and expensive to split Duplex in Sacramento, CA area into two separate parcels and independent halfplexes. Thanks,Natasha
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I have a single member LLC that I established to conduct all rental business under. The LLC is a pass through entitiy and I pay taxes on my personal 1040.
Now I am interested in setting up another entity to...
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Can a landlord rent a primary structure and an ADU separately? I am finding conflicting information about whether or not this is allowed in Jacksonville, Florida.
I've found info stating that the owner must live in o...
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I bought a 2 family house and live in one of the rentals. Renters pay own utilities minus water and sewer. I created a security deposit and a personal account dentoted as a rental income checking account. My next move...
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Hi all
I'm closing on my first property today a 3-family unit. I was wondering if I should set up another personal bank account for all activities. I'm going to be depositing my checks and if there are repairs I'm go...
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My husband and I have 4 rental properties, and we're strategizing on the best way to protect our personal assets. I'm not sold on setting up an LLC, for several reasons. Putting all 4 properties into an LLC would mea...
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Currently looking at a 4-plex that has the water paid by the owner. Was thinking of separating the meters for future / new tenants. Does anyone have experience for what separating the meters would typically run? Fo...