Edwin Vega
How does opening a LLC and S corp help lowering taxes?
I currently work at a aero space company and get company stock released to me twice a year. I head from my supervisor that if you open an LLC then open s corp you get a tax break. Was wondering if anybody has any exp...
Michael Filipidis
Should my lender pay?
Recently closed on a property for myself in Charlotte. My lender Capital One did not know that an HOA questionnaire was required until 4 days before closing. They had to move closing back therefore I️ had to pay to ch...
Corey Beckwith
Hubzu
Hi, I'm having a difficult time with getting deals closed with hubzu. I've been getting to the point of ready to close with deed and hud prepared. Its been difficult to get them to approve them. They keep telling us t...
Cathy S.
Tenants not paying rent and applied for Covid Rental Assistance
Not sure if anyone has any advice on this situation / is in a similar one.
I have inherited tenants and they were great about paying rent since I got my property. They paid on time for about 4 months. Then they told...
Mak K.
Property tax on Recent Purchased property
Hi, I just bought a property in November last year and on my tax appraisal, the property is shown way high. Here are some stats:Purchase price $225kAppraised value as of 2018 was $234kAppraised value as in 2019 is $27...
David Lucas
Looking for bookkeeping tips
Hi everyone,I received a job as an Accountant for a small rental property management company in Richmond, VA. I was invited to interview even though I have no accounting background, and was ultimately given the positi...
NA Gav
Tenant Screening without Agent
Hi all,I have a condo in a high rise building in Chicago where the current tenants are moving out. For the prior lease I used an agent. This time I am using Zillow to reduce on agent commissions. I have 1 interested p...
Adam Bileckyj
Rent increases in the past year, are they sticky?
Generally speaking, it looks like rents are up about 20% in SFH. Do you anticipate those to be the new average rent or will we see rents backslide? I am not sure what historic rent prices look like. I am ignoring decl...
Roy Lam
Housing Authority wants to recapture rent
Last June in 2015 I received a letter from both the Housing Authoirity and my tenant saying that my tenant will be moving by August 31th, 2015. On August 1st, when I went to collect the rent from my tenant, she told ...
Scott Avidon
DBPR says I need a RE License to Flip?! (Florida)
Hate to bring up an old post but some archive searches yielded nothing...
I am applying for the county occupational license as these are required in my county for flipping under my corporation. I needed to kn...