Account Closed
Should I reimburse tenant for mouse traps?
Hi pros! Just learned my tenant has seen nice & went & bought a bunch of mouse traps. No mice caught yet. They want me to repay them as well as remove dead critters. (Don't blame them!) but should I reimburse ...
David Noh
Contractor made a holes in my garage ceiling
I was renovating a single family garage today (full installation) and when I came to check on the finished work, the workers basically created four holes (two doors) on the ceiling.I'm looking to find out what I can d...
Jim Froehlich
LLC Transfers Mortgages and Multi State Planning
Fellow BP Members,This post is looking for inputs (or links to other threads I may be missing) regarding three inter-related issues (I do have an Attorney, Mortgage Broker, and Accountant...but sometimes I gain more c...
Llewelyn A.
How to Handle Cell Phone Expenses to NOT Pierce the Corp Veil
I have about 2 LLCs (A Real Estate Brokerage Firm and an LLC which holds a multi-Family building) as well as an S-Corp which makes Software.I don't expense my Cell phone, but I use it a LOT for business.The Cell Phone...
Robert Kough
How should my partner and I split tools once we dissolve LLC?
My partner and I are working on a few more deals and after that we are parting ways due to location change. We bought a bunch of tools while doing work together and don’t know how to split them. I own 60% of the LLC...
John K.
Schedule E, Rental Partnership - Unreimbursed Partnership Expense
Quick question for a tax professional, I've read extensively and started to draft a modification for our partnership operating agreement - but want to verify that this method works. Since we use our personal vehicles...
John Harvell
Property Maintenance in house
I’ve had a gentleman working for me the last year as 1099. He’s coming on as W-2 in January. I’m providing a tractor to do snow removal as this year he was using his truck and plow to do my 5 buildings. I’m trying ...
Tyriek Hull
First hard money loan
Hello so I just closed on my first property and thought I was educated with how hard money lenders works but seems I may have misunderstood. So I have a fully funded construction budget of 58k. But it sounds like I ha...
Jason L.
Partnership with my city
My name is Jason and I'm in the beginning stages of partnering with the City of Amarillo, TX to construct multifamily homes for low to moderate income families. Partnering with the City using my VA Loan and HUD funds,...
Sharon Miller
New Tenant application with $260,000 debt
WE have a house for rental for $1499 a month, its been out there over a month. We have one applicant with income $7200 a year(Not verified yet) with 660 credit score, though this person is in $260,000 debt. We can't t...