I'm looking to start buying and holding for rent. I've heard that it's wise to hold houses under LLCs for tax and legal protection. How does it work? Do I need to start an LLC for each house? Where can I find out m...
Since the pandemic hit in late March, many are not sure how they feel about staying at hotels or short-term rental platforms such as Airbnb, Vrbo, Booking.com, and Tripadvisor Rentals. Airbnb, with 7.7 million active ...
What is the 1% Rule in Real Estate? The 1% rule is a real estate investment guideline indicating the minimum monthly rent you must charge your tenant to break even on a rental property. The rule states that your rent ...
Here, I'll start:
1. Always do your due diligence.
2. It's better to overestimate than underestimate costs.
I have a tenant whose rent is due on the 1st with a grace period through the 3rd. I contact him on the 5th and was told he is in the hospital and he would pay the rent plus the late fees. I still have not received t...
Hi,My rental property is a single-family home. I had to replace the fences after a strong storm last year, which costed $4200 in materials and labor. Is it possible for me to declare it as a repair and deduct the expe...
Economic Update (Monday, November 2, 2020)
Today is Monday, November 2, 2020. Tomorrow is Election Day. S...