Matt R.
Independence, Missouri proposes mandatory rental inspections
Hello, all!The city of Independence, Missouri (a large suburb on the east side of Kansas City) is proposing mandatory inspections for rental properties. The landlord would be required to hire an inspector, at the lan...
Nathan Gesner
Sponsoring a charity with my business
I'm purchasing a property and allowing a charitable organization to use part of the property as a food bank and distribution facility. I would also like my company (American West Realty) to sponsor the organization. I...
Adam Craig
Thinking about ditching property manager - need advice
I am looking to ditch my property manager in the near future. Looking to find something halfway between me 100% managing and a property manager.... My portfolios consists of 26 single family - most are fully rehabbed ...
Heather DeGeorge
Collecting tenant bank account information
We've moved back to advertising and screening our own tenants and we are trying to get smarter about it. I KNOW I saw somewhere in these forums a good case for collecting tenant bank account numbers during the applic...
Skyler Walker
Incorporating for my "buy and hold" future?
I have just purchased my first investment property, a duplex which I have rented one side and assumed the other as my primary residence. I assumed residence primarily in order to use my VA loan however I plan to move...
Al Richards
Can/ should I sue tenant
Good morning Bigger Pockets,
So here's my situation: I have it a woman who has moved out without paying her last months rent big surprise but has left a large amount of personal items as well as damage to the rental. ...
Connie McGinnis-Loftin
Day to day operation of STR/LTR not under business LLC
Can a person use their LLC to run the day-to-day operation example, pay expenses, vendors, contractors, purchase supplies, receive revenue, etc., even if the properties are not owned by the LLC?Thanks
Anthony Spallone
What's the best way to keep finances separate for different units
Hi, I own three properties with eight units (we live in one). The first property has three units, the second property has three units, and the third property is our primary residence with a unit. We have decided to no...
Amanda Eyler
Beginning a property management company
My husband and I are looking into making a big switch. We have minimal property management options in the area and the options we have are not ideal.
We would like to begin our own property management company. We ...
Nathan Emmert
Non-Refundable Security Deposit
The rental I purchased last week had fairly significant security deposits in place, a portion of which was labeled as "non-refundable".
Am I correct to assume that's essentially income?
If so, from a tax perspective...