Reid Mathews
Can I Write Off Expenses Through LLC
Hey friends, this may be a silly question. But if I set up an LLC (to buy rentals in the future of course), can you buy anything in the name of the LLC if it is business related? The exact example, could I set up an L...
Uri E.
Cost segregation for the purpose of expediting depreciation (SFR)
Hello,
I buy, hold and rent out single family residences. Each new acquisition I then depreciate using a standard straight depreciation - total cost of land improvements. I recently learned that I could expedite some...
Yi Chu
Credit Card for LLC
What is the requirement to get the approval of credit card for LLC? Can I use my personal credit card for LLC expenses? If I can not use my personal credit card, which bank do you recommend to apply for credit card?
Daniel Chen
Section 179 Question for rental business
I am managing 4 rental properties that me and wife owns. All of them are LTR, I do have a full time job so this is something I do outside of that.
Regular activities include yard work, small repair & maintenances...
Bob Collett
Apartment building doors
What kind of doors are required for an existing apartment building in Cleveland? I am talking about the individual unit doors that enter into the hallway. Building is 18 units, 3 story brick.
Bree Castro
Reserve Funds - Property Management
Hello! What is the typical amount that a property management company should keep in one property's reserve account? I believe I have heard around $500. I am in CA. And my understanding is that if a more costly project...
Minesh Patel
Broker Requirements in California
There is an education option in lieu of the experience to satisfy the broker licencing requirements in California. The requirement states you need a degree from a 4-year university and a minor in real estate. I alread...
David M.
Fire Alarm Panel Monitoring Costs
Hi EveryoneA few years ago I was required to install a monitored fire alarm panel in my 8 plex. The installer set it up with Lexington Alarm for the monitoring. They charge $138 per quarter. I've always found this ...
Jason T.
HUD Loans & Market Rent
It's been my experience that HUD properties are required to maintain a ridiculous high standard of maintenance. If your property doesn't meet those standards then they really get into you. Not only is the maintenanc...
Keely C.
Fire Sprinkler Alternatives
Working through a messy permitting issue in Los Angeles, CA. LADBS is requiring installation of a fire sprinkler system. I plan to submit for a modification. Does anyone have advice on an alternative Active Fire Pr...