Corey Duran
Series LLCs do they really offer as much protection as multiple LLCs (hub and spoke)
I have been doing a lot of research online while trying to figure out how I am going to restructure my rental business and one thing that has recently been introduced to me is the series LLC. I was going down the path...
Nicholas R.
Owner occupied, managed, single member LLC owned -- do I pay myself?
Hi everyone, I'm a long time reader yet this is my first posting in these wonderful forums.In the scenario of a single member LLC owed, owner occupied and self-managed multifamily building, is it best practice to be p...
Dan Turkel
How to track income/expenses when income is net of fees
My property manager uses Appfolio. When I receive my rent payment each month, it’s put into my account as a single deposit. This number consists of the combined rent for all of my properties. It is also net of all exp...
Nate Maier
Tax filing question
Good Afternoon,My girlfriend bought her first single family house this year in the middle of October. She renovated it over the winter months and has a lease signed starting March 1st. There were relatively signific...
Account Closed
Insurance on 9 houses 1 parcel?
How does this work normally?According to my current agent (State Farm), they have to all be separate policies. Is there an easier/cheaper way?
Jeremy H.
Bank Accounts - How do you organize them?
How do you all organize your rental property bank accounts?Bank Account per property? Pros: Would be very easy to see expenses/costs etc. Cons: Would end up with lots of Bank Accounts but still organize them all under...
Osazee J Osagie
Direct deposit of rent from Social Security?
Hello BP folks! I'm in the process of renting out a single family home. I vaguely remember someone mentioned a way to have rent directly deposited in my account from any renters who are receiving social security. In o...
Stetson Hamilton
How to structure bank accounts
Hi everyone, I'm currently on the search for my first small multifamily for a House Hack. I've have followed the forum as well as the podcast for a while now, a topic that I have not heard yet or (missed) is what's th...
Tam Truong
Taxation and asset protection question
I don't fully understand how tax structuring work so here is my question and I don't have the best accountant. I have 5 houses with each home under it's multi-member LLC, my dad and myself. I have been filing each LLC...
Victor A.
Checkbook SDIRA LLC - how are taxes handled?
I am planning to open a Checkbook Self-Directed IRA LLC through a custodian that supports these accounts. I understand that you also need to obtain an EIN for the purpose of opening a bank account in the LLC's name, ...