Eric Jun
Any Benefits for Having a Property Management Company?
I have 7 units across NY and NJ and planning on adding more in this area. The properties are all under my personal name, and I manage them on my own. Are there any benefits to creating a property management company an...
Jason D.
Funding my LLC, need advice.
I know I should probably consult a CPA on this but I'm sure there are a few that can share their experiences. I have a newly formed LLC that I will be using to hold my rental properties. Since I want to keep my busine...
Mark S.
Paying LLC Attorney Fees/Costs - From Personal or LLC Account?
So, I finally decided to start an LLC. After much debate and discussion, I decided to use my local attorney to do it. I checked with a tax advisor and they said all the start up costs are tax deductible, which makes...
Akhtar Nasser
Personal and rental tax separation question
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...
Bryan Normal
Intentional Tenant Damage / Alternative Eviction Options
I'm a bit new to REI, and have done a few flips. Recently took on a house for a great price, due to having existing "squatters" inside. Figured I could likely Cash for Keys them, and also figured that the worst case s...
Christian Germeroth
Transferring personal property to newly created LLC?
When first starting off should you/ can you transfer personal property’s into your newly formed llc? What are pros and cons ? Should you just keep the property a personal asset ?
Christian Thompson
Separating rental income/expenses without an LLC
I currently own a SFR and want to open a business account for it. I know that I need to open an LLC in order to open a business bank account. Is there a way to do this without having an LLC? What are my options to kee...
Jordan L.
What is your cash to mortage ratio?
Is there a general rule? Should you have enough to pay off the mortgages if you have too? Or enough to cover all properties if they remain empty for a certain period of time?
Chris K.
How to handle previous resident still using address years later?
So I'm having an issue where a previous resident of one of my rentals (they rented before I was the owner) is still using my properties address as their primary residence. There has been license address change card...
David Shiling
Starting out.. do you put Properties in LLC or personal name?
Hey y’all, got my first home. Do you recommend to put it in an LLC? Or keep it under my name? If LLC what structure do you recommend or any tips at all. Thanks,David Shiling