Scott Pierro
Can an LLC be used to circumvent reserve requirements?
Hi, I'm currently operating 7 properties all financed through conventional loans without an LLC. I'm considering an LLC this year for the 20% tax bracket for pass throughs from the new tax law. I plan on moving my fin...
Mike Ojo
Do you require renters insurance?
For a single family property, do you require your renters to have their own insurance in addition to the home owner insurance already in place?
Sandy Nguyen
Tax deed and procession of the tax deed property
I bought the first tax deed property and I don't know if it is still occupied or not from the street. I don't feel safe approaching the house by myself. Can I call a police officer or sherriff to escort me in? If yes...
Lenny Markus
Has anyone have this happened?
I secured a property management company to get my house leased. Once I signed the agreement, the realtor I spoke to stopped replying for 1.5 months until I pushed a lot to get an answer and left several voicemails bec...
Kurt Pourbaix
Do you issue 1099-MISC's?
Apparently since 2012 it has not been necessary to prepare 1099-MISC's related to rental activity unless the activity is a trade or business. See this article:
www.taxcpe.com/blogs/news/1099...
What do you think - ...
Gurpal Cheema
Attorney Fees for Eviction
Are attorney fees refundable for eviction if the tenant moves out or pays rent before the court date? I'm in New Jersey (very tenant friendly state) where you have to file an eviction through an attorney if the proper...
Dan Krupa
GC threatening mechanic's liens but he signed a release of lien
Hey BP. I had a subpar GC. Late on work, not paying his guys, etc... I fired him and paid his guys myself. I have kept detailed notes, payment receipts for all draws, photographs, the scope of work, our contract, and...
Dan W.
Taxes On A New LLC With No Revenue?
I started an LLC in 2021, purchased a distressed house and am rehabbing it. I haven't sold it, so no revenue is coming, just a bunch of money going from personal to LLC, then out of LLC to the house. Do I need to file...
J Corona
Home Insurance claims
I have 4 properties and have had a bad run of insurance claims on 2 of them , now I have a damaged roof on the 3rd one. I can patch it for $600 or put a claim for total loss. This property in 20 years has no claims
...
Phil C.
File Upload - Example Financials
I have uploaded a PDF of an excel spreadsheet that I created to report the financials for Real Estate companies. It was set up to lookup everything from QuickBooks downloads. Quick and easy - used to pretty up the gen...