Danny Randazzo
Don’t Make Mistakes I did as a Commercial Investor/Owner/Manager
When I closed on my six unit commercial property with 5 out of 6 units occupied, my thought was: This is no big deal, I can find one more tenant and self manage 3 current tenants with triple net leases (1 tenant has 3...
Christopher Za
Cash flow as percentage of expenses
Pretty simple question, that my searches haven't turned up.I understand cash flow, expenses, and the 50% rule. I also understand that people tend to look for a certain number for Cash on Cash return (e.g. 6-10%). What...
Rebecca Kirkwood
Property Management checking accounts
I have my own property management company that is just over a year old. I was a property manager for about 4 years prior to going out on my own. That company was disorganized and didn't teach the infrastructure of the...
John Gillick
"Individual" expenses in a 50/50 LLC
Tax question. If you and a friend have a 50/50 LLC and you drive say 10 miles to check on the venture, is that $5.80 mileage expense:
a. an expense put on just your K-1?
b. an expense put on the LLC's tax form (882...
Max Lichtenstein
House Hacking Cash flow
My friend and I are looking to split the down payment of a house hack. We live in half rent the other half to a tenant. Being from Massachusetts, the few apartments we have looked at the rent doesn't totally cover the...
Justin Cox
Cash flow on a rental property
Hi everyone. I have a questions about cash flow of rental properties. So I’ve been reading about all of the expenses I should be taking out of the rent I receive to determine my pure cash flow. Mortgage, taxes, insura...
Matthew Banks
How to manage expenses across multiple properties, LLCs, partnerships, etc.
Hi, we manage properties in a partnership and in a couple LLCs. We have Lowes and other accounts to purchase materials for repairs or renovations. Those expense accounts need to be paid with funds from the correspondi...
Aaron Mayo
Should I invest into real estate with student loan debt?
Hello All,My Background: Age: Early/Mid 20s Occupation: Information TechnologyI moved back home with my parents a year ago, to pay off student loan debt($$$). In the next 3 months i would've paid off $33k+ in loans an...
Michael Plaks
Recordkeeping for a mixed business/personal trip
This is a partial FAQ for a very complex topic that has a lot of possible twists and complications. Maybe it will trigger a discussion leading to a more complete FAQ.Here is a scenario. Harry goes on a weeklong trip f...
Steven Bays
Should I stay or should I go?
I bought a duplex for 128k when the market suggested 140k. I have an amazing renter for 6 more months. Before I stopped thinking about real estate investing and starting applying action, I made some decisions I may ha...