Hey all -
We're at the stage where we now have 2 long-term rentals and we want to convert things into an LLC to clean things up starting in 2023. I'm seeking advice on converting our rentals from personal bank accoun...

Wondering what’s better Security Deposit or Move in fee? I’ve heard security deposits you need to make a bank account for every single tenant you require a deposit from. Is this true?

My accountant mentioned that he can open my LLC cheaper then my attorney any thoughts?

Also, any insight into a two member vs one member LLC (for flipping properties)?

Thanks!

I am located in NJ

I am an investor from Los Angeles. I have properties in Indiana that are in Indiana LLCs.My lawyer was the one who advised me to make a California LLC which will be the single  member of all my Indiana LLCs. I heard t...

Hey BP! I'm looking to buy my first property! Would you guys recommend a single family home to rent out or jump right into duplexes, muti families, etc...

Hi all,I'm relatively new to REI and extremely new to business entities.  I took the advice of so many others and sat down with a tax advisor and attorney.  I'd like to put the protections in place now to shield curre...

Hello, everyone. I have a newbie question about reserve funds. Let's say I have a number of rental properties, each with income, actual expenses, and reserve funds for capex or vacancy.1) Do you have separate bank acc...

Is it possible for a seller to do a 1031 exchange when they sell an LLC with real estate assets in it (without selling just the assets themselves). We're looking at a situation where it would be tax-advantageous for u...

I’m a 28 year old married man with a 3 week old son. I’ve lived in my current single family home since 2020. My wife and I are hoping to buy another single family home that is bigger sometime in the next year for our ...

Trying to choose the best method for collecting rent.  rentpayment.com denied me since my LLC (business) is not over 12 months old which I thought was interesting.  Any suggestions out there?