Kayla Burchfield
LLC for Rental Properties
I am a beginner and in the process of creating my business plan. When creating an LLC, will I need to create an individual LLC for each rental property? (I do not currently have rental property, but am getting my duck...
Christopher B.
Should I separate utilities; This means more CapEx right?
I am looking at 2-4 unit multi-family properties, some have separate utilities, and some a mix. The mix is mostly Owner pays water/sewer/trash and gas heat, and tenant pays electric. With the same neighborhoods, the...
Dawn Oree
Insurance - Any Suggestions On A Good Company?
Hello Everyone!I'm about a 13 days from closing on the 7 unit in San Diego and I'm starting to look for an insurance company for the building. I wanted to know if any of you have suggestions on what to look for and t...
Mark Proctor
Should I include a gym membership with my Airbnb?
I have a small Airbnb in a college town that is also close to several hospitals. Our guests are mostly visiting because of those two things, and generally for 1 to 3 nights, but we do get the occasional longer stay. ...
Michael Osborne
Claiming depreciation
Hi Guys,I am moving into a new home in December and will be renting out my current condo. I understand that if I list the condo during this Calendar year I will then be able to claim depreciation. Is it worth trying t...
Ryan B.
My kids about made me cry
I am putting this in the success stories section because I believe I am on my way to success in teaching my kids important lessons in both life and real estate.
Our son is 6 and our daughter is 7. Even thoug...
Sev Pehlivanian
Need advice/experience with hosts providing gym equipment for guest
Here’s the scenario…My wife and I just bought a duplex in a South Carolina beach town. We will be doing a short term rental on the top unit (3bed/2bath) while living in the bottom unit (3bed/1bath). We’ve been tossing...
Dwayne Buckner
Carbon Monoxide
Hi Friends, I am writing this quickly, as I have to leave for the hospital soon. My nephew was recently taken from his apartment almost DEAD. THANKFULLY, someone check on him, as he was late for work. It was quicly de...
Michael Garofalo
Electrical Panel Preventative Maintenance
BP Community:I recently received a call from my property management company stating the heat went out in one of my units. After a thorough investigation, the HVAC contractors determined there is nothing wrong with the...
Rob Pattison
Needing a second opinion on my $51k tax obligation
I bought a house in Costa Rica, using partially money from my 401k through a covid distribution, which meant I escaped the 10% penalty but still am liable for income tax.I'm 59, and took out approximately $200k. This...