Stephanie Dupuis
Property Management W-9 Tax Form Question
I recently decided to try using a property management company - interviewed them, will try one on a property and see how this goes.
I'm filling out the paperwork and...
1. W-9 Form. My property is an LL...
Dan Williamson
Eviction List Court Records
Hi All,I spent a ton of time perusing the state and county websites to try and find info about getting an eviction list. After making a few phone calls, I was finally directed to a page with two email addresses. I fil...
Krista Dodson
Are Application Fees worth it?
Our rental unit (5/3 SFH) has typically been a group home with 4 unrelated adults. I have never run background checks or credit checks on tenants, and the only screening I've done in the past was verifying employment ...
Chris Coleman
Multi family deals
Hello everyone, my partner and I own 4 buildings comprised of 22 units in the Chicagoland area free and clear. they are fully rented. We also fix and flip single-family homes in higher income sections of chicago.
W...
Account Closed
Correctly rejecting a tenant for a previous eviction
What is the correct procedure for rejecting a tenant's appliction for a previous eviction (California)?Suppose that a tenant fills out a rental application. The rental application states that the tenant has never been...
Monica Blair
owner financing and reporting payments to the credit reporting agency
Happy New Year Everyone,
I am holding the note for a property I owner financed. The buyer has begun making payments and I am seasoning the note for a note buyer. I have a servicing company that is handling the paymen...
Mike Auguste
The Augusta Rule - Tax Free Rental Income
What is the Augusta Rule?
The Augusta Rule, known to the IRS as Section 280A, allows homeowners to rent out their home for up to 14 days per year without needing to report the rental income on their individual tax re...
Andrew Caggiano
Carryover passive losses
Hi everyone,Our partnership files a 1065 for passive real estate income. In the past we've always reported passive losses on our real estate investing activity. This year (2022 tax return) we are reporting passive n...
Devonte Dinkins
Hiring out Services, 1099's?
Good Afternoon Everyone,If I have a property management company, do I have to give vendors a 1099 each time they perform work for me? What is your process for hiring out services such as Plumbing, HVAC, General Contra...
Franky Juwana
Is it possible to have multiple self directed IRA?
I'm soon will purchase a mortgage note, and for tax purposes and I think Self -direct IRA is a better choice for me and my wife. Now the question is, can an individual/couplehave multiple Self-Directed IRA? because I ...