Paul Malandrinos
Transfer newly acquired investment property into my existing LLC? Why or why not?
I have an existing LLC that was used for a couple of fix and flips in the past. A week ago I closed on my first investment property. It's a single-family condo purchased by me the individual with conventional financ...
Troy F.
Pet policy - Should I stand my ground?
Hello,
I am looking for the BP community advice on how and when to stand your ground on pet policies. We've owned and operated 15 units across the midwest for the last five years. We've learned from the BP community ...
Mike Maxwell
Managing fake service and emotional support pets
We air bnb'd our whole home last week and we have security cams in the common areas. We have a no pet policy. We noticed that the family brought 3 small fluffy dogs. When we confronted them they said the dogs were ser...
Jay Shepherd
evict now vs evict next month?
My tenants have been 3-4 weeks late every month since lease started 6 months ago. I have filed 4 failure to pay rent forms with District Court of Maryland. The 4th failure to pay rent form (March) was filed at the...
Account Closed
Reef Tank Therapy
Tenant has informed that is suffering from anxiety disorder and provided letter from therapist recommending 'stress-relieving aquarium' of 'proportional size to the living area, no smaller than the largest television ...
Jayse Brock
Accounting for Multiple LLCs
Ok, so after a recent visit to my CPA for personal taxes, I was asking how I should set up my accounting. I have read a variety of articles on BP and they have been helpful but not exactly specific to my problem. Righ...
Brandon Smith
Questions on renting out your primary residence. (NOT HOUSE HACKING) TIA.
I currently own a 2020 construction, 4 bed, 2 bath SFR. Financed with an FHA loan and mortgage being right about $2,000 monthly, included escrow for insurance and homeowners' insurance. I also have solar panels on the...
Todd Lukasik
Property oversight after I die
I am looking for an entity to manage the oversight of roughly 10 rental properties (both residential and commercial) after I die. I have property managers to manage the properties themselves, but I need an entity to k...
Saravanan Varadan
Buying rental property under LLC
One of the main reasons of using LLC to buy properties is to limit the liability. I have heard investors buy each property under different LLC's to further limit the liability to just that property. I think umbrella p...
Tatiana Duarte
LLC vs Sole Proprietorship
Hello BP land!
I'm looking to purchase a duplex as an investment property or house hack a triplex in NJ. I'm planning on doing the property management myself (at least in the beginning and see how it goes).
Since it...